In this article, we will discuss the 10 Most Undervalued NYSE Stocks to Invest In.
On June 8, Kim Iskyan, Director of Research at Tuttle Capital Management, appeared on BNN Bloomberg to discuss the outlook on the markets. Iskyan discussed the market’s recent volatility and the potential risks posed by the high concentration of AI-related stocks. He attributed the previous Friday’s severe market pullback to a combination of profit-taking on top-performing assets and broader fears regarding interest rates. He suggested that while chip stocks are rebounding, investors should anticipate continued choppiness in the coming days as the market navigates persistent overhangs, including the price of oil and the ongoing conflict in Iran.
Iskyan argued that Friday’s sell-off served as both a healthy correction and a warning sign regarding the extreme concentration of the market. While he believes that the growth in AI is based on tangible development rather than the speculative air seen during the 1999–2000 dot-com bubble, he emphasized that rapid market climbs inevitably lead to sharp, periodic corrections. He acknowledged that if sentiment toward AI were to cool, the broader market would be vulnerable. However, rather than a universal collapse, he anticipated a rotation of capital, noting that the majority of shares were not hitting all-time highs even before Friday’s dip. Iskyan suggested that investors may shift their profits into less-appreciated, long-ignored sectors of the market.
To navigate this environment, Iskyan advocated for a trade focused on heavy asset low obsolescence, companies that cannot be easily replaced by AI. He highlighted industries such as mining, railways, power grids, and traditional brick-and-mortar retail as essential sectors that are likely to benefit as investors look beyond the AI trade. He characterized these companies as foundational to the economy and unlikely to disappear, making them ideal for long-term focus.
Our Methodology
We used screeners to identify NYSE stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on June 18.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Most Undervalued NYSE Stocks to Invest In
10. US Bancorp (NYSE:USB)
Number of Hedge Fund Holders: 51
US Bancorp (NYSE:USB) is one of the most undervalued NYSE stocks to invest in. On May 11, US Bank introduced a new loan product specifically designed for startup dental and veterinary practices, marking a significant expansion of its healthcare banking services. This initiative aims to support clinicians in launching their first independent practices, providing a new financial resource at a pivotal stage in their professional careers.
Previously, the bank’s lending was primarily limited to the acquisition of existing practices or expansions by current owners. The new product offers conventional lending opportunities to startups that meet specific criteria regarding industry experience, production capability, and credit parameters, reflecting the bank’s goal to become a primary destination for medical professionals.
This launch builds on the bank’s dedicated healthcare business banking group, which was established in 2023 to provide tailored banking, payment, and wealth management solutions. With a specialized team operating across all 50 states, US Bancorp continues to strengthen its long-standing commitment to the healthcare sector by simplifying financial processes so providers can focus on patient care.
US Bancorp is a Minneapolis-based financial services holding company and the parent of US Bank National Association. It provides diversified banking, investment, mortgage, trust, and payment services to consumers, businesses, and institutions through over 2,000 branches, digital platforms, and ATM networks.
9. Chubb Limited (NYSE:CB)
Number of Hedge Fund Holders: 59
Chubb Limited (NYSE:CB) is one of the most undervalued NYSE stocks to invest in. On May 18, Chubb Limited announced that its subsidiary, Chubb INA Holdings LLC, successfully priced a public offering of $1 billion in 5.30% senior notes. These notes are scheduled to mature in 2036 and are fully guaranteed by the parent company, Chubb Limited, as part of its ongoing capital management strategy.
The company intends to allocate the net proceeds from this offering toward general corporate purposes. According to the announcement, this capital may be utilized for a variety of financial needs, including the repayment or refinancing of existing corporate debt to optimize the company’s balance sheet.
The transaction is being managed by Barclays Capital Inc. and Wells Fargo Securities, LLC, who are serving as joint book-running managers. The offering is being conducted via a prospectus supplement and accompanying prospectus, which are available through the SEC’s EDGAR database or directly from the managing firms.
Chubb Limited is a Switzerland-based holding company. Through its subsidiaries, the company offers a broad range of insurance and reinsurance products and services to clients worldwide
8. Medtronic (NYSE:MDT)
Number of Hedge Fund Holders: 60
Medtronic (NYSE:MDT) is one of the most undervalued NYSE stocks to invest in. On June 12, Medtronic officially completed its acquisition of Scientia Vascular, a Salt Lake City-based medical device firm, in a transaction valued at $550 million. The deal includes potential post-acquisition earn-outs and milestone payments, and it marks a significant move for Medtronic to bolster its neurovascular portfolio by integrating Scientia’s specialized access technologies.
Scientia is recognized for its high-performance guidewires and catheters, which are specifically designed to navigate the complex and tortuous anatomy of the cerebral vasculature. By combining these products with Medtronic’s existing suite of neurovascular tools, the company aims to provide physicians with a more streamlined, integrated platform that simplifies procedures, reduces access challenges, and improves overall procedural efficiency in life-critical stroke treatments.
This acquisition aligns with Medtronic’s focus on high-growth opportunities and is expected to be minimally dilutive to its adjusted earnings per share in fiscal year 2027, with anticipated accretion thereafter. Leadership from both companies emphasized that the integration will leverage Medtronic’s global scale to expand the reach of these technologies, ultimately supporting the company’s long-term mission to improve patient outcomes and transform the future of neurovascular care.
Medtronic is a medical technology company that manufactures, distributes, and sells device-based medical services and therapies. It operates under four primary segments: Cardiovascular Portfolio, Neuroscience Portfolio, Medical Surgical Portfolio, and Diabetes Operating Unit.
7. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders: 72
AT&T Inc. (NYSE:T) is one of the most undervalued NYSE stocks to invest in. On June 18, a new report from Opensignal named AT&T Fiber the leader in home internet performance, securing 107 wins across categories like speed, reliability, and video quality. This result is nearly double that of its closest competitor, with the service sweeping all evaluated categories in more than 60% of the 26 metro areas tested.
The findings highlight AT&T’s focus on delivering a premium in-home experience, characterized by high download and upload speeds and consistent service. AT&T continues to distinguish its offering through converged benefits, such as complimentary Internet Backup for customers who bundle wireless and fiber services.
Beyond network performance, AT&T Inc. emphasizes customer value through the “AT&T Guarantee,” which promises billing credits for outages, transparent pricing, and prompt technical support. Additionally, the company offers All-Fi Pro to provide enhanced home Wi-Fi coverage and security for households with high-bandwidth demands.
AT&T Inc. is a telecom and tech services company that operates through the Communications and Latin America segments. The Communications segment offers wireline telecom, wireless, and broadband services in the US and globally, while the Latin America segment manages services in Mexico.
6. Verizon Communications Inc. (NYSE:VZ)
Number of Hedge Fund Holders: 74
Verizon Communications Inc. (NYSE:VZ) is one of the most undervalued NYSE stocks to invest in. On June 17, Verizon Communications announced the expiration and final results of its cash tender offers and consent solicitations for 20 series of notes issued by the company and its subsidiaries. The company successfully accepted for purchase a total aggregate principal amount of ~$1.86 billion in notes, validly tendered and not withdrawn by the June 16 deadline.
The consent solicitations for several specific series of debentures and notes achieved the requisite consent to move forward with proposed amendments to their governing indentures. These amendments are intended to eliminate certain restrictive covenants and other provisions contained within the original agreements.
This process, which included both tender offers and separate exchange offers, marks the conclusion of the company’s previously announced efforts to manage its debt portfolio. All conditions for the offers were either satisfied or waived by the Expiration Date, with Verizon Communications Inc. confirming the final principal amounts accepted for each series.
Verizon Communications Inc. operates as a holding company and, through its subsidiaries, provides communications, technology, information, and streaming services to consumers, businesses, and government customers. Its Consumer segment offers both wireless and wireline communication services.
5. The Progressive Corporation (NYSE:PGR)
Number of Hedge Fund Holders: 82
The Progressive Corporation (NYSE:PGR) is one of the most undervalued NYSE stocks to invest in. On June 17, the Progressive Corporation reported strong financial results for May, with net income rising to $1.445 billion, a 36% increase compared to the same period last year. Net premiums written grew 6% to $7.027 billion, while net premiums earned increased 10% to $7.361 billion.
The company also saw an improvement in underwriting profitability, with the combined ratio narrowing by 4.8 points to 82.1. These results were supported by growth in customer base, as total policies in force reached ~39.97 million, an 8% increase year-over-year, driven by gains across both personal and commercial lines.
As a leader in the US insurance market, the Progressive Corporation continues to provide diverse protection products ranging from personal auto and home insurance to commercial offerings. The company maintains its focus on accessibility through its omnichannel distribution model, including online, mobile, phone, and agent-assisted platforms.
The Progressive Corporation is an insurance company operating across the US. The company provides insurance for personal vehicles, including cars, motorcycles, RVs, and watercraft. Additionally, it also offers homeowners’ and renters’ insurance for personal residential properties.
4. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders: 83
Pfizer Inc. (NYSE:PFE) is one of the most undervalued NYSE stocks to invest in. On June 18, Pfizer announced that Chief Financial Officer Dave Denton will step down on August 15 to pursue a new professional opportunity in the consumer goods industry. The company has appointed Cecile Guegan, currently Senior Vice President of Finance for the Global Biopharmaceutical Business, to serve as interim Chief Financial Officer effective August 16 while a search for a permanent successor is conducted.
Chairman and CEO Albert Bourla thanked Denton for his leadership during pivotal business transactions, including the acquisitions of Seagen, Biohaven, and Metsera, which are expected to support Pfizer’s long-term growth. Bourla expressed confidence in Guegan’s ability to lead the finance organization and maintain focus on the company’s strategic execution and commitment to shareholders.
Cecile Guegan brings over two decades of experience to the role, having led financial operations across complex strategic portfolios and research and development at Pfizer Inc.. Most recently, she oversaw the financial operations of the biopharmaceutical business and managed the integration of Seagen in 2024, providing her with the institutional knowledge required for her new interim responsibilities.
Pfizer Inc. is a global biopharmaceutical company that manufactures, develops, markets, and sells biopharmaceutical products worldwide. It advances wellness, prevention, treatment, and cures in developing and emerging markets, and is also involved in developing immunotherapies that help the immune system to recognise and attack cancer cells.
3. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 94
Exxon Mobil Corporation (NYSE:XOM) is one of the most undervalued NYSE stocks to invest in. On June 18, ExxonMobil South Africa LNG signed a heads of agreement with the Zululand Energy Terminal/ZET to supply liquefied natural gas. The terminal will be South Africa’s first LNG import facility once built.
This project, managed by a consortium including Vopak Terminal Durban and Transnet Pipelines, aims to establish a hub for LNG storage, regasification, and distribution under a 25-year operational term.
The terminal is designed to provide essential infrastructure to supply natural gas to the country’s electricity and industrial sectors. This development is particularly critical as South Africa faces a potential “gas cliff” by 2030 due to declining output from existing regional supply sources, which could threaten industrial operations and economic stability if alternative gas supplies are not secured.
Once operational, the facility is expected to strengthen South Africa’s long-term energy security and support the country’s industrial competitiveness. Both Exxon Mobil Corporation and ZET highlighted that the collaboration leverages global LNG expertise to address the country’s growing energy demand while facilitating a balanced transition within the broader energy sector.
Exxon Mobil Corporation is one of the world’s largest integrated energy companies, with operations spanning oil and natural gas exploration, production, and refining. The company also manufactures fuels, petrochemicals, lubricants, and advanced plastics, while investing in lower-emission initiatives such as carbon capture and lithium production.
2. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 103
Chevron Corporation (NYSE:CVX) is one of the most undervalued NYSE stocks to invest in. On June 16, HelleniQ Energy signed an agreement to grant Chevron a 70% interest in the Block 10 offshore concession in the Kyparissiakos Gulf, Greece. Under the deal, HelleniQ Energy will retain a 30% stake, while Chevron will assume project operatorship, utilizing its expertise in global deepwater exploration to evaluate the region’s hydrocarbon potential.
This partnership marks the fifth joint offshore concession between the two companies in Greece, following previous collaborations south of Crete and the Peloponnese. Block 10 is currently in the second phase of its exploration program, having already completed 2D and 3D seismic surveys that have provided critical insights into the area’s complex geological structure.
Both companies emphasized that this agreement strengthens their strategic alignment in the Mediterranean, a region identified as a key growth area for Chevron Corporation’s (NYSE:CVX) global exploration portfolio. Moving forward, the partners plan to conduct further technical analysis and assessments to guide future drilling decisions in this frontier territory.
Chevron Corporation operates as a fully integrated energy company, producing crude oil and natural gas, manufacturing fuels, lubricants, and petrochemicals, and developing technologies aimed at improving efficiency across its operations and the broader energy industry.
1. Capital One Financial Corporation (NYSE:COF)
Number of Hedge Fund Holders: 135
Capital One Financial Corporation (NYSE:COF) is one of the most undervalued NYSE stocks to invest in. On June 16, Capital One Software, the B2B technology and data-management division of Capital One Financial, launched Databolt Connect, a new application on the Databricks Marketplace designed to facilitate secure, multi-party data collaboration. The tool enables organizations, particularly in fields like Health and Life Sciences, to link sensitive datasets for research and analytics while maintaining strict privacy and regulatory compliance.
The application operates within a zero-trust, native Databricks environment, ensuring that raw, sensitive data never leaves a customer’s control. It features customizable tokenization and data generalization (such as converting full dates or ZIP codes into protected formats), which supports HIPAA de-identification workflows and allows for secure record linking between multiple parties within Databricks Clean Rooms.
By providing a way to analyze data without exposing identifiers to third parties, Databolt Connect aims to help enterprises balance the need for innovation with security requirements. The solution is part of Capital One Software’s broader efforts to help organizations scale data management and AI capabilities in the cloud.
Capital One Financial Corporation is a financial services company that provides various financial products and services through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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