5 Cheap Stocks To Invest In (February 2021)

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In this article we discuss the 5 Cheap Stocks To Invest In (February 2021). If you want to read our detailed analysis of these stocks, go directly to 10 Cheap Stocks To Invest In (February 2021).

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the 5 cheap stocks to invest in:

5. Cardinal Health, Inc. (NYSE: CAH)

Number of Hedge Funds: 49
P/E Ratio: 11.30

Ohio-based Cardinal sells generic pharmaceutical, specialty and OTC healthcare products. It also provides pharmacy management services to hospitals, while its instruments division sells medical, surgical and laboratory products. The stock is down 12% over the last 12 months. In the December quarter, the company posted adjusted EPS of $1.74, beating the Street estimates by $0.29. The company also upped its full-year 2021 outlook for adjusted EPS to $5.85-$6.10 versus prior range of $5.65-$5.95.

As of the end of the fourth quarter, 49 hedge funds tracked by Insider Monkey were long CAH, up from 45 funds a quarter earlier.

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