Hunting for cheap stocks is a good idea in the current environment, as many of these overlooked names have strong upside potential with little risk to the downside. Moreover, with a recession on the horizon later this year, I believe it’s time to take profits on many of the growth names that have rallied this year.
Of course, the potential recession fears may be exaggerated and it will likely not happen in the next few months at least. But Wall Street should soon recognize that there are much better deals outside of the hottest tech companies. Many companies are starting to turn a corner as supply constraints ease and producer inflation falls considerably.
Thus, here are three cheap stocks you should look into.
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