In this article, we will look at the 15 Cheap Strong Buy Stocks to Buy Now.
On August 21, Paul Ciana, BofA Securities head of technicals research, appeared on CNBC’s ‘Closing Bell’ to shed light on the concerns around S&P technicals, and more.
He stated that there are some concerns that arise when one looks at the S&P technicals, such as the seasonal weakness that comes in September, along with some of the oscillator divergences. Therefore, the rally into 6500 slowed down according to momentum and trending in the indicators.
READ NEXT: 12 Most Promising Future Stocks According to Wall Street Analysts and 10 Best Stocks to Invest in For the Long Term.
He added that in August, the firm’s recommendation was trying to hedge S&P longs while the market was hitting new all-time highs, and he still likes that view.
Ciana acknowledged that at this point in time, it’s a matter of staying in the market, but at the same time being attentive to protecting some downside.
With these trends in view, let’s look at the best cheap strong buy stocks to buy now.
An employee at their desk surrounded by financial documents and a laptop analyzing the stock market.
Our Methodology
We used Finviz and Tipranks to make a list of strong buy stocks with a forward P/E below 15 and selected the top 15 with consensus Strong Buy ratings and the highest number of hedge fund holders as of Q1 2025. We sourced the hedge fund sentiment data from Insider Monkey’s database, and also added the analyst upside potential for each stock. The list is sorted in ascending order of hedge fund holders.
Note: All data was sourced on August 22.
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).
15 Cheap Strong Buy Stocks to Buy Now
15. Copa Holdings, S.A. (NYSE:CPA)
Forward P/E: 7.01
Analyst Upside: 28.14%
Number of Hedge Fund Holders: 17
Copa Holdings, S.A. (NYSE:CPA) is one of the best cheap strong buy stocks to buy now. On August 22, Citi analyst Filipe Nielsen lowered the firm’s price target on Copa Holdings, S.A. (NYSE:CPA) to $150 from $159, keeping a Buy rating on the shares.
The rating update followed a transfer of coverage, with the firm stating that it sees a compelling valuation at current share levels with Copa Holdings, S.A. (NYSE:CPA) returning cash to shareholders.
Copa Holdings, S.A. (NYSE:CPA) announced its monthly traffic statistics for July 2025 on August 13, reporting that its capacity (ASMs) rose by 6.3%. System-wide passenger traffic (RPMs) grew by 7.8% compared to last year, resulting in the system load factor for the month reaching 88.8% and reflecting a 1.2 percentage points growth compared to July 2024.
Copa Holdings, S.A. (NYSE:CPA) provides air transportation, with its offerings including international flights to Costa Rica, Jamaica, Colombia, and other cities. The company’s operations are divided into the following geographical segments: North America, South America, Central America, and Caribbean.
14. Energy Transfer LP (NYSE:ET)
Forward P/E: 12.79
Analyst Upside: 31.35%
Number of Hedge Fund Holders: 36
Energy Transfer LP (NYSE:ET) is one of the best cheap strong buy stocks to buy now. In a report released on August 14, Theresa Chen from Barclays maintained a Buy rating on Energy Transfer LP (NYSE:ET), setting a price target of $25.00.
The rating update came after Energy Transfer LP (NYSE:ET) reported its fiscal Q2 2025 results on August 6, with net income attributable to partners reaching $1.16 billion compared to $1.31 billion in 2024.
Management reported $1.04 billion in growth capital expenditures in fiscal Q2 2025, while maintenance capital expenditures were $253 million.
Adjusted EBITDA for the quarter was $3.87 billion, up from $3.76 billion in the same period last year.
Energy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other.
