10 Most Profitable Cheap Stocks to Buy Now

8. Pfizer Inc. (NYSE:PFE)

Forward P/E: 8.09

TTM Net Income: $8.03 Billion

Number of Hedge Fund Holders: 92

Pfizer Inc. (NYSE:PFE) is an American multinational biopharmaceutical company that specializes in the discovery, development, and manufacture of healthcare products, including innovative medicines and vaccines. The company focuses on immunology, oncology, cardiology, endocrinology, and neurology. It has ambitious plans to develop 8 cancer breakthroughs by 2030. Pfizer Inc. (NYSE:PFE) ranks among the most profitable stocks to buy.

The company is currently focused on a comprehensive cost-cutting strategy and is on track to achieve operating margin expansion through its ongoing cost realignment program with about $4.5 billion in net cost savings by the end of 2025. Pfizer Inc. (NYSE:PFE) has also announced that it expects to achieve an additional $1.2 billion in savings by 2027, primarily in selling, informational, and administrative expenses. The company will be leveraging digital enablement, automation, AI, and simplification of business processes. Additionally, Pfizer Inc. (NYSE:PFE) announced plans to reorganize its R&D operations to deliver cost savings of about $500 million by the end of 2026. These savings are expected to be reinvested in the company’s product pipeline.