Dirt Cheap Stocks to Buy With $1,000 Right Now

Group 1: E.l.f. Beauty - E.l.f. Beauty is identified as a growth stock with a forward price-to-earnings (P/E) ratio of 24 and a price/earnings-to-growth (PEG) ratio below 0.4, indicating it is undervalued [3][4] - The company has successfully connected with younger consumers, gaining significant market share in the mass cosmetics space, and has recently acquired the skincare brand Rhode, which has potential for growth [5][6] - Rhode has generated over $200 million in sales in less than three years with limited marketing, and E.l.f. plans to expand its product assortment and distribution through Sephora stores [6] Group 2: Jakks Pacific - Jakks Pacific is highlighted as an undervalued stock with a forward P/E of under 6.5, despite recent improvements in its business operations [7][8] - Under CFO John Kimble, Jakks has achieved its highest gross margins in over 15 years, demonstrating operational discipline even in a challenging consumer environment [8] - The company is poised for growth with a strong lineup of children's movies this year, which typically drive toy and costume sales, and the revenue forecast appears conservative given the upcoming Halloween weekend [10][11]