My 3 Favorite Stocks to Buy Right Now

With the S&P 500 index up 17% in 2024 and now trading at a historically lofty price-to-earnings (P/E) ratio of 27, it may seem reasonable to think there aren't many attractively priced securities remaining on the market.However, the "Magnificent Seven" accounts for nearly one-third of the index's allocation, and these stocks have an average P/E of 39. This outsize allocation makes the "true" valuation of the remaining S&P 493 somewhere closer to 21 or 22 times earnings -- which is slightly below historical averages.Long story short, it remains as good a time as ever to buy and hold for the long haul. Here are my three favorite consumer goods stocks for patient investors to consider.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool