The market rally has been strong this year, but there are still some relatively cheap stocks. The S & P 500 surged about 19% in the year to date. The bulk of those gains came from tech stocks, but the rally has broadened out — the Dow recently snapped a 13-day winning streak broken only on Thursday. As a result, however, valuations have risen, with the S & P 500's forward price-to-earnings ratio trading at 19.69 as of Friday.
3 — significantly below the S & P 500's. PayPal is the only tech stock that showed up. It has a 13.5 forward P/E ratio — on the list's higher side. Disney also made it to the list, at a marginally lower P/E ratio of 17.8. Earlier in July, Wells Fargo said Disney shares may rally on the back of a potential sale of Disney's non-core linear assets. As for global stocks, two of the names with the lowest P/E ratios are automakers: Porsche and Stellantis , at 3 and 3.5, respectively.
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