Looking for Bargains? Bank of America Suggests 3 Value Stocks to Consider

Every shopper wants to find a bargain; it’s one of the thrills when we go looking to buy things. Finding what we want at a lower price than we planned on spending – that’s always a bit exciting. And this holds true for the stock markets, too. It’s the allure behind value stocks.

According to Bank of America, the value stock segment, typically priced lower than their underlying strengths would suggest, has badly lagged the growth stocks so far this year. The bank’s research equity and quant strategist Savita Subramanian describes value stocks as ‘neglected and trading at very low multiples,’ and points out several sectors, including energy stocks, as a place for value-minded investors to look for opportunities.

Subramanian’s colleague, Bank of America stock analyst Kalei Akamine, has been taking that stance forward and giving a closer look at three value-priced energy stocks. All three are members of the S&P 500 value index, and the BofA view holds that these are value stocks to consider right now.

According to the TipRanks database, the broader Wall Street take on these picks is clear – they are Buy-rated and offer sound, double-digit upside potential. Let’s look into the details and find out just why Bank of America believes they are compelling portfolio choices.

ConocoPhillips (COP)

We’ll start with ConocoPhillips, one of the world’s largest independent oil and gas exploration and production companies. With a market cap of $131 billion, ConocoPhillips oversees a worldwide operation from its Houston, Texas base; the company has activities in North America, Europe, Africa, the Middle East, and the Asia-Pacific region.

Zooming out, we find that ConocoPhillips is deeply involved in the production of most forms of fossil fuel. The company’s ops include all phases of discovery, exploitation, transport, and distribution/marketing of hydrocarbon fuels and other products, including crude oil, natural gas, natural gas liquids, liquified natural gas (LNG), and bitumen, also known as natural asphalt. ConocoPhillips maintained an average daily…


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