During our current bull market, so-called “value” stocks have been undervalued.
These are slower-growth companies with reliable sales and profits, many of which pay dividends. Like their market peers, plenty of these companies were hammered by the COVID-19 pandemic. But even those that sailed through on quarantine tailwinds are selling at reasonable prices.
Likewise, investors who profited off the tech boom this year are sitting on big returns, and value stocks offer one way to protect those gains. Especially if you’re near or at retirement age, like me, your focus needs to shift from getting rich quick to staying solvent for life.
With that in mind, here are 7 value stocks to buy today and hold tomorrow:
- Pfizer (NYSE:PFE)
- Caesar’s Entertainment (NYSE:CZR)
- General Motors (NYSE:GM)
- Bed, Bath and Beyond (NASDAQ:BBBY)
- Papa John’s (NASDAQ:PZZA)
- IBM (NYSE:IBM)
- Cisco (NASDAQ:CSCO