In this article, we will look at the 11 Cheap NYSE Stocks to Buy Now.
On December 9, Kevin Mahn from Hennion & Walsh and Victoria Greene from G Squared Private Wealth appeared on CNBC television for an interview to discuss their 2026 market outlook. Mahn noted that the chances of a hawkish Fed on Wednesday, December 10, are now more visible. Mahn believes that a rate cut at this time will be a positive sign for the market. He elaborated that since 1950, the Federal Reserve has cut interest rates on 23 occasions when the S&P 500 was within 2% of its all-time highs. All 23 instances saw the market moving further higher. He added that the S&P 500 is again within 2% of its all-time high, signaling that a rate cut will boost it to move higher. Mahn highlighted that while he sees a bullish year ahead, there will be many more bumps along the way, and the market will see a lot more short-term volatility than it did in 2025.
Victoria also believes 2026 to be a bullish year. She noted that Oracle’s earnings expected this week can be important for the market. She added that considering the AI bubble spotlight the stock has gained over the past month, the quarterly earnings can be a turning point to silence the AI bubble concerns. However, Victoria noted that Oracle will need to beat earnings expectations and also provide raised guidance to prove that they can manage the capital expenditure and the debt they have accumulated recently. Overall, she expects 2026 to be the fourth consecutive bullish year for the S&P 500.
With that, let’s take a look at the 11 Cheap NYSE Stocks to Buy Now.
Our Methodology
To compile the list of 11 Cheap NYSE Stocks to Buy Now, we used the Finviz stock screener, Seeking Alpha, and Insider Monkey’s Q3 2025 hedge funds database. Using the screener, we aggregated a list of stocks trading on the NYSE stock exchange with a forward price-to-earnings ratio below 15. Next, we sorted the list by market capitalization and cross-checked the P/E ratios from Seeking Alpha. Lastly, we ranked the stocks in ascending order of the number of hedge fund holders.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11 Cheap NYSE Stocks to Buy Now
11. TotalEnergies SE (NYSE:TTE)
Forward P/E Ratio: 9.63
Number of Hedge Fund Holders: 22
TotalEnergies SE (NYSE:TTE) is one of the Cheap NYSE Stocks to Buy Now. On December 2, TotalEnergies SE (NYSE:TTE) announced signing a joint development and operating agreement with TES, Osaka Gas, Toho Gas, and ITOCHU. The agreement grants these Japanese companies a 33.3% stake in the Live Oak project.
The Live Oak project, which is currently under development in Nebraska, United States, is a large-scale facility to produce e-methane. The project was started by TotalEnergies SE (NYSE:TTE) and TES. As a result of this agreement, TotalEnergies and TES will both have a 33.3% share in the project. Live Oak is currently in the Front-End Engineering Design phase and targets production capacity of around 250 MW of electrolysis and 75 ktpa of methanation. Management noted that the project is expected to begin commercial operation in 2030, subject to a final investment decision to be made in 2027. Moreover, once the production starts, the project will export e-NG to Japan. Osaka Gas and Toho Gas.
In addition, Wall Street maintains a cautious outlook on TotalEnergies SE (NYSE:TTE), with analysts’ 12-month average price target of $70 reflecting 7.9% upside from the current level. Recently, on December 5, J.P. Morgan downgraded the stock from Buy to Hold and also lowered the price target from EUR58.5 to EUR55.0.
The firm noted that while they maintain a cautious outlook on the overall oil sector, they still prefer Shell over TotalEnergies SE (NYSE:TTE). Both companies have similar expected free cash flow returns estimates of around 8% for 2026-27; however, J.P. Morgan sees a better risk/reward situation for Shell, given the current market share.
TotalEnergies SE (NYSE:TTE) is a global multi-energy company that produces and markets o?il, biofuels, natural gas, renewables, and electricity.
10. The Toronto-Dominion Bank (NYSE:TD)
Forward P/E Ratio: 13.38
Number of Hedge Fund Holders: 26
The Toronto-Dominion Bank (NYSE:TD) is one of the Cheap NYSE Stocks to Buy Now. On December 5, Sohrab Movahedi from BMO Capital raised the firm’s price target on The Toronto-Dominion Bank (NYSE:TD) from C$120 to C$128, while reiterating a Buy rating on the stock. On the same day, Matthew Lee from Canaccord Genuity also raised the price target from C$122 to C$126 and maintained a Buy rating on the stock.
The positive outlook follows the company’s fiscal Q4 2025 earnings release announced on December 4. The Toronto-Dominion Bank (NYSE:TD) grew its revenue by 15.68% year-over-year to $10.34 billion, surpassing estimates by $394.86 million. Moreover, the EPS of $1.56 also topped estimates by $0.13. Management attributed growth to robust fee and trading income in its market-driven businesses, along with volume growth in Canadian Personal and Commercial Banking.
Sohrab Movahedi of BMO Capital noted that the company posted across-the-board beats during the latest earnings release. He noted the growth to be driven by US Retail, Wealth Management / Insurance, and Wholesale Banking.
The Toronto-Dominion Bank (NYSE:TD) is a major financial institution that serves customers in Canada, the United States, and internationally. It operates through four main segments, namely Canadian Personal and Commercial Banking, US Retail, Wealth Management and Insurance, and Wholesale Banking.
9. Novo Nordisk A/S (NYSE:NVO)
Forward P/E Ratio: 13.31
Number of Hedge Fund Holders: 50
Novo Nordisk A/S (NYSE:NVO) is one of the Cheap NYSE Stocks to Buy Now. On December 5, Reuters reported that Novo Nordisk A/S (NYSE:NVO) partnered with Indian health-tech startup Healthify to offer nutrition, health, and lifestyle coaching. The deal marks Healthify’s first partnership with a drug maker and aims to partner with more weight loss drugmakers. Under this partnership, Healthify has launched a new patient support program where it offers coaching services to users prescribed Novo’s weight-loss therapies.
On the other hand, Wall Street has a mixed opinion on the stock due to a 47.86% decrease in share price year-to-date. On December 4, Kerry Holford from Berenberg Bank reiterated a Buy rating on the stock with a $62 price target. However, earlier on December 3, Thibault Boutherin from Morgan Stanley lowered the firm’s price target on Novo Nordisk A/S (NYSE:NVO) from $43 to $42, while maintaining a Sell rating on the stock.
Boutherin of Morgan Stanley noted they find the European Union pharmaceutical sector set up to stay neutral in 2026. He sees that while the fundamentals are intact and valuations are cheaper compared to historic values, the setup is offset by better EPS growth elsewhere in Europe.
Novo Nordisk A/S (NYSE:NVO) is a global healthcare company focused mainly on diabetes and obesity care.
8. Verizon Communications Inc. (NYSE:VZ)
Forward P/E Ratio: 8.79
Number of Hedge Fund Holders: 60
Verizon Communications Inc. (NYSE:VZ) is one of the Cheap NYSE Stocks to Buy Now. On December 4, Verizon Communications Inc. (NYSE:VZ) announced a quarterly dividend of 69 cents per outstanding share. This dividend is consistent with the one declared last quarter. The report noted that this dividend will be payable on February 2, 2026, to shareholders of record at the close of business on January 12, 2026.
In other news, CNBC Television on November 20 noted that Verizon Communications Inc.’s (NYSE:VZ) CEO Dan Schulman sent a letter to the company’s employees announcing the layoffs of more than 13,000 employees. This follows the earlier report by Reuters on November 13, which revealed that the company planned to reduce its workforce by 15,000 employees.
Schulman noted the layoff reflects the management’s efforts to reduce the company’s outsourced and other outside expenses. The CEO also noted setting aside $20 million as a rescaling and career repositioning fund for the laid-off employees.
Verizon Communications Inc. (NYSE:VZ) has been facing increased competition with its peers offering cheaper plans, and the stock has only been marginally up by 3.68% year-to-date. Analysts’ 12-month average price target of $46 reflects 10.34% upside from the current level.
Verizon Communications Inc. (NYSE:VZ) is a holding company that offers communications and technology services through its subsidiaries.
7. ConocoPhillips (NYSE:COP)
Forward P/E Ratio: 12.48
Number of Hedge Fund Holders: 64
ConocoPhillips (NYSE:COP) is one of the Cheap NYSE Stocks to Buy Now. Wall Street has a cautious outlook on ConocoPhillips (NYSE:COP), mainly due to the supply-side risks facing the oil and liquids sector. On December 8, Arun Jayaram from J.P. Morgan lowered the firm’s price target on the stock from $112 to $102 and maintained a Buy rating. However, earlier on December 4, Charles Meade from Johnson Rice downgraded the stock from Buy to Hold and also lowered the price target from $108 to $105.
Analyst Arun Jayaram from J.P. Morgan noted that the price reduction reflects the firm’s updated view of the sector for 2026. He noted that the sector is at risk from the supply side of oil and liquid fuel, which can keep the prices down. However, the demand for natural gas is increasing, which is seen as a positive sign for the sector.
While elaborating on the supply side risks, the analyst noted that two scenarios can push the oil prices lower. The first being too much oil supply in comparison to demand, and the second being the end of the Russia-Ukraine war in 2026, which would again increase the oil supply.
That said, ConocoPhillips (NYSE:COP) topped analysts’ expectations during its fiscal Q3 2025 announcement on November 6, and the stock price has increased more than 8.4% ever since. The company grew its quarterly revenue by 14.1% year-over-year to $15.52 billion, surpassing estimates by $893.56 million. Moreover, the EPS of $1.61 also topped the consensus by $0.20. Management attributed growth to the total company and Lower 48 production of 2,399 thousand barrels of oil equivalent per day.
The company also raised full-year 2025 production guidance to 2.375 MMBOED and further reduced operating cost guidance to $10.6 billion.
ConocoPhillips (NYSE:COP) is an exploration and production company that explores, transports, produces, and markets natural gas, crude oil, and bitumen. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, the Middle East, North Africa, Asia Pacific, and Other International.
6. Newmont Corporation (NYSE:NEM)
Forward P/E Ratio: 14.39
Number of Hedge Fund Holders: 74
Newmont Corporation (NYSE:NEM) is one of the Cheap NYSE Stocks to Buy Now. On December 7, Fahad Tariq from Jefferies reiterated a Buy rating on the stock with a price target of $120. Earlier, on December 1, Daniel Major from UBS raised the price target on Newmont Corporation (NYSE:NEM) from $105.5 to $125, while maintaining a Buy rating.
Tariq from Jefferies noted that they remain bullish on gold equities due to the attractive valuation. However, he remains cautious on silver equities, again due to valuation concerns heading into 2026. The analyst anticipates gold prices to remain elevated in 2026, thereby allowing gold equities to generate more free cash flow and expand margins.
Analyst Daniel Major from UBS also has similar views regarding gold prices. He also anticipates gold prices to continue rising in 2026, driven by broad-based private sector demand. He sees continued buying from central banks and investors throughout the year.
That said, Newmont Corporation (NYSE:NEM) delivered strong results in fiscal Q3 2025. The company delivered $5.52 billion in revenue, reflecting a 19.96% year-over-year increase and surpassing estimates by $251.31 million. The EPS of $1.71 also topped estimates by $0.27. The company produced 1.4 million gold ounces during the quarter, along with 35 thousand tonnes of copper. Taking confidence from the performance, management also raised the full-year production guidance of gold from 5.6 Moz to 5.9 Moz.
Newmont Corporation (NYSE:NEM) explores and acquires gold properties containing copper, silver, lead, zinc, or other metals. Its operations are divided into the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the US.
5. AT&T Inc. (NYSE:T)
Forward P/E Ratio: 12.32
Number of Hedge Fund Holders: 84
AT&T Inc. (NYSE:T) is one of the Cheap NYSE Stocks to Buy Now. On December 4, Reuters reported that the Federal Communications Commission (FCC) approved AT&T Inc.’s (NYSE:T) deal to buy wireless spectrum license UScellular. The deal is worth $1.02 billion and has been approved by the FCC after the company agreed to end its DEI programs. The company said in a letter to the FCC that “it does not and will not have any roles focused on DEI.”
President Trump’s administration has been requiring telecom carriers to end their DEI programs as a condition for approving major transactions. Officers at FCC noted that this deal will result in improved network capacity and coverage for AT&T Inc.’s (NYSE:T) customers. Other telecom carriers have also ended their DEI programs. For instance, T-Mobile shut down its DEI program in July to secure a $4.4 billion US Cellular wireless acquisition and a fiber joint venture with KKR. Moreover, earlier in May, Verizon Communications also agreed to end the program to get its $20 billion deal to acquire fiber-optic internet provider Frontier Communications approved.
According to the report by Reuters, the Rural Wireless Association has been opposing the approval. The association notes it to be a trend that harms competition and disserves the public interest of rural Americans. The group believes the deal will result in price hikes and connectivity difficulties with roaming.
AT&T Inc. (NYSE:T) operates as a major telecommunications company offering a broad range of communications and connectivity services.
4. Pfizer Inc. (NYSE:PFE)
Forward P/E Ratio: 8.19
Number of Hedge Fund Holders: 84
Pfizer Inc. (NYSE:PFE) is one of the Cheap NYSE Stocks to Buy Now. On December 6, Pfizer Inc. (NYSE: PFE) announced results from its Phase 3 BASIS Study, which evaluates HYMPAVZI for people living with hemophilia A or B with inhibitors.
The study included 48 adults and adolescents with severe hemophilia A or B. Patients treated with HYMPAVZI showed a 93% reduction in the annualized bleeding rate (ABR) compared to OD therapy. Management noted that HYMPAVZI is administered only once a week through subcutaneous injection that requires minimal preparation and no lab monitoring. Moreover, the safety profile of the drug was also well tolerated, with mostly mild or moderate adverse events. Pfizer Inc. (NYSE:PFE) has submitted the data to the FDA and the European Medicines Agency for approval.
On the other hand, Wall Street maintains a cautious outlook on the stock, with analysts’ 12-month average price target of $28.50 reflecting 9.49% upside from the current level. Recently, on December 2, Courtney Breen from Bernstein reiterated a Hold rating on the stock without disclosing any price targets. On the same day, Geoff Meacham from Citi initiated Pfizer Inc. (NYSE:PFE) with a Hold rating and a $26 price target. Meacham noted the loss of the upcoming exclusivity period and challenges from Medicare to be the leading reason behind the cautious outlook.
Pfizer Inc. (NYSE:PFE) 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.
3. Merck & Co., Inc. (NYSE:MRK)
Forward P/E Ratio: 11.25
Number of Hedge Fund Holders: 92
Merck & Co., Inc. (NYSE:MRK) is one of the Cheap NYSE Stocks to Buy Now. On December 5, an analyst from Guggenheim raised the firm’s price target on Merck & Co., Inc. (NYSE:MRK) from $104 to $122 and maintained a Buy rating on the stock.
A day earlier, on December 4, the company announced receiving a conditional approval for EXZOLT CATTLE-CA1 from the FDA. EXZOLT CATTLE-CA1 is a topical solution containing fluralaner. The drug prevents and treats infestations caused by the New World screwworm larvae, which cause myiasis. Management noted that the regulatory process was accelerated by the FDA through priority zoonotic drug designation for treatments addressing serious diseases, speeding EXZOLT’s availability. The drug is still pending a full demonstration of effectiveness and is only conditionally approved. Management noted that CATTLE-CA1 will be available for prescription in the first quarter of 2025.
Analysts from Guggenheim noted that their increased price target of Merck & Co., Inc. (NYSE:MRK) is based on the inclusion of probability-adjusted revenues for Winrevair in patients with Combined Post and Precapillary Pulmonary Hypertension. The firm believes that Winrevair represents an annual revenue potential of more than $5 billion, if the Phase 3 trials go smoothly.
Merck & Co. Inc. (NYSE:MRK) is a global healthcare company that uses scientific innovation to develop and provide health solutions, including prescription medicines, vaccines, biologic therapies, and animal health products.
2. Bank of America Corporation (NYSE:BAC)
Forward P/E Ratio: 14.11
Number of Hedge Fund Holders: 111
Bank of America Corporation (NYSE:BAC) is one of the Cheap NYSE Stocks to Buy Now. On December 4, Reuters reported that Bank of America Corporation (NYSE:BAC) is allowing its wealth advisers to recommend crypto allocations in client portfolios starting next month.
According to the report, since early 2024, specific clients with assets meeting certain predetermined thresholds have had access to bitcoin ETFs. However, now will also be able to advise crypto exchange-traded products without any asset class thresholds.
This move comes as the Trump administration is providing regulatory relief for asset classes. Chris Hyzy, Chief Investment Officer for Merrill and Bank of America Private Bank, noted, “for investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate.”
In addition, the share price of Bank of America Corporation (NYSE:BAC) has risen around 8% since its fiscal Q3 2025 earnings release announced on October 15. The company grew its quarterly revenue by 10.82% to $28.09 billion, surpassing estimates by $629.76 million. The EPS of $1.06 also topped estimates by $0.11. Management noted that out of the $29.09 billion revenue $11.3 billion came from sales and trading, investment banking, and asset management fees, reflecting 15% year-over-year growth.
Bank of America Corporation (NYSE:BAC) is a financial institution that caters to consumers, businesses, institutional investors, and government clients. Its operations are divided into four segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets.
1. Uber Technologies, Inc. (NYSE:UBER)
Forward P/E Ratio: 14.44
Number of Hedge Fund Holders: 143
Uber Technologies, Inc. (NYSE:UBER) is one of the Cheap NYSE Stocks to Buy Now. On December 8, Brian Nowak from Morgan Stanley reiterated a Buy rating on the stock and lowered the price target from $115 to $110. On the same day, Mark Mahaney from Evercore ISI reiterated a Buy rating on the stock with a price target of $150.
The ratings follow Uber Technologies, Inc.’s (NYSE:UBER) launch of Robotaxi in Dallas, announced on December 3. Management noted that riders in Dallas can now be matched with an Avride robotaxi. This new robotaxi service will be available throughout 9 square miles of Dallas–from Downtown to Uptown to Turtle Creek to Deep Ellum. Management expects to expand its operations into further territory in the future.
Moreover, earlier on November 26, Uber Technologies, Inc. (NYSE:UBER) had launched Level 4 fully driverless Robotaxi for commercial operations in Abu Dhabi. This launch was in collaboration with WeRide. The launch marked a significant milestone as this was the first city outside the United States where Uber Technologies, Inc. (NYSE:UBER) hosted its driverless operations.
Uber Technologies Inc. (NYSE:UBER) is a global technology platform that connects consumers with transportation, delivery, and logistics services. The company operates through its Mobility, Delivery, and Freight segments, offering ride-hailing, meal delivery, and freight brokerage solutions.
While we acknowledge the potential of UBER to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about this cheapest AI stock.
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