Despite a rocky 2018, many analysts still are bullish on the investing outlook for 2019. Yes, the final quarter of last year was miserable – but the upshot is that it left investors with numerous higher-quality cheap stocks to buy.
Blackstone’s Joseph Zidle, Managing Director and Investment Strategist in the Private Wealth Solutions group, told CNBC, “This is a buying opportunity. We see the market (the Standard & Poor’s 500-stock index) up 15 percent in 2019. This is just not a recessionary environment.”
Similarly, Goldman Sachs Chief U.S. Equity Strategist David Kostin writes, “The low starting level and valuation of the market suggest positive returns to US equities in the coming year.” He believes that ongoing U.S. economic expansion will lift the S&P 500 to 3,000 by the end of 2019. Several other market analysts see the market heading higher in the year to come.
However, investors still need to be savvy about which stocks to buy and which to avoid. That’s why we turned to TipRanks to pinpoint buy-rated stocks with significant support from the analyst community. Here are seven cheap stocks to buy, according to top-rated Wall Street analysts.