After a record trading year for stocks, investors may find opportunity with some companies that have traded at significant discounts on a forward price-to-earnings ratio basis in recent history. The past year has seen all three major averages score multiple new intraday and closing highs, with some of those taking place during this trading month. The S & P 500 and Nasdaq Composite kicked off December setting fresh record closes.
mountain EXPE, 3-month 3M was also on the list, having traded at 9.9 times earnings on Sept. 29, 2023. That stock has a P/E over the next 12 months of 16.3. This year, the stock has surged more than 41%, beating out the S & P 500 in year-to-date gains. Other names on the list include Sirius XM , which Warren Buffet's Berkshire Hathaway recently purchased more shares of . That stock has fallen more than 57% year to date and has a P/E ratio over the next 12 months of 8.5.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »