Despite a recent hiccup, the stock market is doing quite well right now, with the S&P 500 having risen from its February / April triple-bottom around 2,580 to within striking distance of its all-time high of 2,872. Gains in the tech sector have continued, and although some of the once invulnerable FANG stocks, notably Facebook (FB) and Netflix, have run into trouble, Amazon.com (AMZN) continues its ascent, joined by non-FANG tech giants Microsoft (MSFT) and Apple (AAPL). Chipmaker stocks have also been doing their part to help the rally, and that’s encouraging, because in past cycles, a wave of rising semiconductor stocks has often preceded a wave of rising software stocks.
Of course, contrarian investors will not have failed to realize that with tech stocks soaring and everyone keen to climb aboard, the real bargains in the market today are likely to be found elsewhere. Today, I’ll be presenting five stocks that look like great bargains to me, considering, of course, their future earnings prospects and risk/reward ratios, and while they don’t all necessarily qualify as “old-economy,” they are all far removed from Silicon Valley and its lucrative but depressing cycle self-cannibalism.
Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.