Are you looking for some ridiculously cheap stocks to buy? Despite the Dow Jones Industrial Average hanging out around all-time highs, there are still some good deals out there. It isn't always easy finding them, especially since the coronavirus pandemic has crippled many businesses, making their earnings look abysmal over the past year. That is why I am going to focus on dirt-cheap stocks that are trading at incredibly low forward price-to-earnings (P/E) multiples, which factor in analyst expectations for profits next year.

Three stocks that are trading with forward P/Es of 10 or less (the current P/E for the S&P 500 is 34) that bargain hunters will want to consider buying today include AbbVie (NYSE:ABBV), Jazz Pharmaceuticals (NASDAQ:JAZZ), and Hewlett Packard Enterprise (NYSE:HPE). With strong fundamentals and business models that could do well in 2021, now may be a great time to buy any of these three stocks.

More in category

Kudlow: Stimulus payments to Americans are stimulating China's economy
April 19, 2021FOX Business
Kudlow: Stimulus payments to Americans are stimulating China's economy
Royal Caribbean CEO 'optimistic' cruises could resume by mid-summer
April 19, 2021FOX Business
Royal Caribbean CEO 'optimistic' cruises could resume by mid-summer
Tobacco stocks drop on report Biden administration is planning to cut nicotine levels in cigarettes
April 19, 2021CNBC
Tobacco stocks drop on report Biden administration is planning to cut nicotine levels in cigarettes
The Village Voice Returns, and It’s ‘Very Village Voice-y’
April 19, 2021The NY Times
The Village Voice Returns, and It’s ‘Very Village Voice-y’
Oil prices gain as traders mull demand cues, supply prospects
April 19, 2021MarketWatch
Oil prices gain as traders mull demand cues, supply prospects
Oil prices went negative a year ago: Here’s what traders have learned since
April 19, 2021MarketWatch
Oil prices went negative a year ago: Here’s what traders have learned since
United lost more than $1.3 billion to start the year, and the stock is falling
April 19, 2021MarketWatch
United lost more than $1.3 billion to start the year, and the stock is falling
Why it may still be early days for the stock-market reflation trade
April 19, 2021MarketWatch
Why it may still be early days for the stock-market reflation trade
Earth Day contest winners create concrete that can trap carbon dioxide — next up is Musk’s $100 million prize
April 19, 2021MarketWatch
Earth Day contest winners create concrete that can trap carbon dioxide — next up is Musk’s $100 million prize
What we know about COVID vaccine side effects in women
April 18, 2021MarketWatch
What we know about COVID vaccine side effects in women
Big investors ask banks to get serious on climate change
April 19, 2021MarketWatch
Big investors ask banks to get serious on climate change
Dow snaps 3-day win streak and Nasdaq skids 1% lower
April 19, 2021MarketWatch
Dow snaps 3-day win streak and Nasdaq skids 1% lower
Forget bitcoin’s weekend slump. Watch these 2 key levels for what happens next, strategist says.
April 19, 2021MarketWatch
Forget bitcoin’s weekend slump. Watch these 2 key levels for what happens next, strategist says.
The pandemic may have permanently altered Apple’s path
April 16, 2021MarketWatch
The pandemic may have permanently altered Apple’s path
These stocks are ‘cash cows’ that give you a better way to play the value sector
April 16, 2021MarketWatch
These stocks are ‘cash cows’ that give you a better way to play the value sector
Opinion: Tech’s COVID-19 boom won’t last forever, but it’s not going to end just yet
April 16, 2021MarketWatch
Opinion: Tech’s COVID-19 boom won’t last forever, but it’s not going to end just yet
Opinion: The Dow and the Nasdaq are diverging. Why that’s honey for stock market bears
April 16, 2021MarketWatch
Opinion: The Dow and the Nasdaq are diverging. Why that’s honey for stock market bears
Biden says he is 'prepared to compromise' on $2.25T spending plan
April 19, 2021FOX Business
Biden says he is 'prepared to compromise' on $2.25T spending plan
Bitcoin’s nosedive: What happened and what’s ahead?
April 19, 2021FOX Business
Bitcoin’s nosedive: What happened and what’s ahead?
United reports fifth consecutive quarterly loss
April 19, 2021CNBC
United reports fifth consecutive quarterly loss
Petition calls for Amazon to accept Dogecoin after its price surge
April 19, 2021FOX Business
Petition calls for Amazon to accept Dogecoin after its price surge