A market downturn will always be the best time to shop for undervalued stocks, and 2022 is no different. With the S&P500 down by almost 18% year-to-date, investors should take advantage of this once-in-a-generation opportunity and snap up some oversold stocks before the economy’s gears start turning again. Many solid businesses are changing hands at hefty discounts in this difficult environment, with spooked investors retreating into more defensive assets.
As most forecasts expect, the Federal Reserve will pivot next year and u-turn its monetary policy in 2024. The following seven deeply undervalued stocks are set to take advantage of the ensuing bull market.
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