9 Best Cheap Stocks To Buy Now

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When markets swoon and stock prices drop across the board, smart traders know there are deals to be had. But picking the right stock to buy is tough: How do you decide which ones are poised to bounce back? Via ForbesAdvisor

Thor Industries makes recreational vehicles that are sold in North America and Europe. Major brand names include Airstream, Jayco and Keystone, among others.

THO has increased annual EPS and sales an average of 82% and 23%, respectively, over the last three years. Its projected annual earnings growth over the next five years is the highest on the list at 160%. That said, earnings are expected to decline in 2023 before rising again, according to analyst expectations.

P/E values for the stock have ranged between 10 and 20 since 2010, with a few spikes to 30. With a forward P/E below 10, this could be a good time to pick up the stock on the cheap. It’s currently trading 41% below its 2021 high.*All data sourced from StockRover.com, current as of January 4, 2023.Our curated list of cheap stocks to buy now is built using strict criteria. The stocks outlined above are traded on U.S.

When buying the dip, consider when you will purchase and when you will exit…whether the stock drops or rises. It is unknown how far a stock will drop before it recovers or whether it will continue to trend higher in the future.How Forbes Advisor Rates Investing ProductsPlease note that the stocks above were selected by an experienced financial analyst, but they may not be right for your portfolio.

 

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