A Bull Market Is Coming: 3 Bargain-Basement Stocks to Buy Now
Everyone's definition of bargain-basement stocks varies to some degree. While there may be "cheaper" stocks on the markets, Union Pacific (NYSE: UNP), Thor Industries (NYSE: THO), and UFP Industries (NASDAQ: UFPI) bring impressive returns on invested capital (ROIC) along with discounted valuations. ROIC measures a company's profitability compared to its debt and equity, with higher-ranking stocks outperforming their lower-scoring peers over time.