As the current bull market rages on, a lot of stocks have traded to new record highs, and are in jeopardy of moving into overbought territory.
Since President Trump’s election, the market has been on a tear, and the recently passed tax reform could push corporate earnings through lower taxes, and more consumer spending. The economy is currently on very solid ground, but with the market at record highs, a lot of investors are worried about a possible correction and are sitting on the sidelines.
It is always smart to be cautious when you invest your money, but there are still plenty of solid stocks out there trading at reasonable prices. Should the market start to correct and give back some recent gains, the stocks with the most attractive valuations will be hit less and hold up better than stocks that are clearly trading in overbought territory.
If you are looking for value, keep reading, and we will take a closer look at five stocks that have been strong performers over the last year, but continue to trade at a reasonable price.