In this article, we will look at the 11 Best and Cheap Stocks to Buy Right Now.
On October 3, Wharton professor and WisdomTree Chief Economist Jeremy Siegel joined CNBC for an interview to discuss the current and near-future outlook for the stock market. He noted that the upward trend in the market remains intact, despite concerns about the government shutdown. Siegel highlighted that he does not see the shutdown derailing the market unless it lasts longer than 2 weeks, which he believes could hurt consumer sentiment.
Siegel is looking forward to the third and fourth quarter earnings to see the impact of tariffs. He believes that the effect will be clearly visible in the fourth quarter as the holiday retail season brings out the consumer sentiment. He thinks tariffs cause a one-time price bump, like a tax on imports, but the Federal Reserve should not overreact by tightening credit or delaying rate cuts because of it. He expects the Fed will cut interest rates by a quarter percentage point at the October meeting and again in December.
Moreover, Siegel reaffirmed that stock prices are driven by earnings and interest rates. He noted that despite some slowing in consumer spending, corporate earnings remain strong, partly due to investments in areas like AI. He believes earnings growth and credit flows will continue to support the stock market during this period.
With that, let’s take a look at the 11 Best and Cheap Stocks to Buy Right Now.
Our Methodology
To curate the list of 11 Best and Cheap Stocks to Buy Right Now, we used the Finviz Stock Screener, Seeking Alpha, and Insider Monkey’s Q2 2025 database. Using the screener, we aggregated a list of cheap stocks (those trading below the forward P/E of 15). Next, we cross-checked the P/E ratios from Seeking Alpha and ranked the stocks in ascending order of the number of hedge fund holders sourced from Insider Monkey’s database.
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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11 Best and Cheap Stocks to Buy Right Now
11. Sanofi (NASDAQ:SNY)
Forward P/E Ratio: 9.91
Number of Hedge Fund Holders: 24
Sanofi (NASDAQ:SNY) is one of the Best and Cheap Stocks to Buy Right Now. On September 24, Sanofi (NASDAQ:SNY) announced an additional $625 million investment in Sanofi Ventures to boost the fund’s total assets to over $1.4 billion.
Management noted that this investment supports the venture’s long-term focus on biotech and digital health startups. Sanofi (NASDAQ:SNY) founded Sanofi Ventures in 2012; which has invested more than $800 million in around 70 companies internationally. The venture invests in companies of all stages from early seed to IPOs. Management noted that they support companies by sitting on the boards and aiding in exits.
Sanofi (NASDAQ:SNY) is a global healthcare company based in France. The company researches, develops, manufactures, and markets medicines, vaccines, and consumer healthcare products.
10. Altria Group, Inc. (NYSE:MO)
Forward P/E Ratio: 12.07
Number of Hedge Fund Holders: 54
Altria Group, Inc. (NYSE:MO) is one of the Best and Cheap Stocks to Buy Right Now. On September 23, Lisa Lewandowski from Bank of America Securities maintained a Buy rating on Altria Group, Inc. (NYSE:MO), with a price target of $72.
The analyst noted the company’s partnership with KT&G Corp as a key step towards growth in the oral nicotine market. She noted that this includes acquiring a big stake in Another Snus Factory, thereby boosting the company’s position in the smoke-free product area. Moreover, the LOOP brand is also seen as a growth opportunity for the company due to the variety of its flavour collection and nicotine levels.
The analyst also likes Altria Group, Inc. (NYSE:MO)’s financial plans to optimize and innovate the program, and also supports the company’s efforts towards improving its pricing power. She highlighted that the regulatory framework looks favourable and supports the long-term growth outlook of the company.
Altria Group, Inc. (NYSE:MO) is a leading American tobacco company that provides a range of tobacco products for adult consumers aged 21 and older.
