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Gurus may be added or dropped from the GuruFocus site at any time. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Under no circumstances does any information posted on represent a recommendation to buy or sell a security. This investment adviser does not provide advice to individual investors. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. The opinions expressed in this article are those of the writer, subject to the Publishing is not operated by a broker or a dealer. On the date of publication, Thomas Niel held long positions in LUMN and MO. With this in mind, say cheers to TAP stock. It’s cheap at 12.9x earnings, and has a forward dividend yield of 3.01%. It expanded its craft beer offerings, and has discontinued declining legacy brands.Ī modest amount of earnings growth may be enough to send it back up to higher prices. As Bob Ciura of Sure Dividend argued earlier this month, it’s keeping up with the times, which could start to be reflected in its financials. However, that’s not to say this will be the case indefinitely. So far, adapting to changing tastes have failed to outweigh the decline of its legacy beer brands. Although its top line recovered from the pandemic, revenues over the past twelve months remain below levels seen in the late 2010s. Consider grabbing them before investors give them a much-needed re-rating.īeers brewed by Molson Coors (NYSE: TAP) may not be flat, but this Brewing giant’s revenues have been in recent years. The seven undervalued large-cap stocks listed below fall within these three categories. With others, the market is underestimating how long recent tailwinds will last. With some names, investors are overreacting to negative developments.
Yet even if stocks have more room to move lower in the short-term, if you’re looking for long-term opportunities, it may be worthwhile to take a look at the many large-cap names now trading at low valuations.Īlthough there are stocks that have moved lower for a reason, there are also plenty that have become oversold.
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Not to mention, the high inflation that resulted in rates moving up, plus growing chances of a recession. With the Federal Reserve kicking its rate hike plans up a notch, equities may continue to slide lower, as the market absorbs higher rates. That’s not to say, however, that the market has reached a bottoming out point. With stocks down by double-digits year-to-date there are many bargains out there today among undervalued large-cap stocks.
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