I believe some of the names on my best stocks to buy list now are currently undervalued. The pandemic and market crash paved the way for many stocks to lose value. With the market stuttering today, there could be even more value opportunities around for my portfolio.
I believe some are still undervalued and there are some exciting opportunities to pick up cheap shares for the long term. Investing in undervalued stocks is not a new practise. In fact, legendary investor Warren Buffett is one of the most famous value investors of our time.
I have pinpointed three undervalued shares I would happily add to my portfolio at current levels.
FTSE 100 broadcaster
ITV (LSE:ITV) shares are trading for 110p as I write. A year ago shares were trading for 95p, which is a 15% return. At current levels, shares are trading at a price-to-earnings ratio of just 12, which … Read more