These S&P 500 stocks are cheap and expected to do well from here

Cheap stocks still remain for investors to buy, despite the equity market persisting near its all-time highs. Strong economic growth and the commencement of an interest rate reduction cycle have propelled stocks to new heights this year, with the benchmark S & P 500 index up 21% in 2024, as of Tuesday's close. The Dow Jones Industrial Average and technology-heavy Nasdaq Composite have respectively added 12% and 23%.

Pro recently screened data from LSEG to find the stocks in the S & P 500 that are currently priced at a discount and could see outperformance going forward.

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