If you’re looking for bargain stocks to buy, one place to start is with companies with low price-to-earnings multiples.
I was looking for undervalued stocks to buy now. And then I came across a Seeking Alpha article about a smaller Canadian bank trading at a very low P/E, and that gave me the idea to look for bargain stocks to buy trading below 7x earnings.
A tweak to the Finviz screen tells me there are 25 stocks in the index with a P/E below 7x. Of those, 15 are in the energy sector. The rest are spread between other sectors, including financials and basic materials.
I’ll choose one of the energy stocks as one of my three picks, with two other bargain stocks to buy from different sectors.
This post appeared first on InvestorPlace.