Shell plc (NYSE:SHEL) is gaining after the company posted upbeat guidance for the fiscal first quarter. While it is impossible to know the outcome with certainty, our preliminary assessment suggests that the decline in market capitalization exceeds the likely financial impact on the company.” 14. Investors are concerned about legal liabilities associated with its antacid drug Zantac. “By comparison, health care leader GSK plc (NYSE:GSK) was the largest detractor from performance in the quarter. The biggest stakeholder of GSK plc (GSK) is Steve Cohen’s Point72 Asset Management which owns a $227 million stake in the company.Īriel Investment made the following comment about GSK plc (NYSE:GSK) in its Q3 2022 investor letter:

Bellus Health is focused in developing treatment of cough.Īs of the end of the fourth quarter of 2022, 39 hedge funds have stakes in GSK plc (GSK). Recently, the European Medicines Agency (EMA) accepted GSK plc (GSK)’s application requesting an expanded approval of Jemperli to treat a type of uterus cancer.Įarlier this month, GSK plc (GSK) announced to acquire Canadian biotech company Bellus Health (NASDAQ: BLU) for about $2 billion.

GSK plc (NYSE: GSK )īritish pharmaceutical giant GSK plc (GSK) ranks 15th in our list of the very cheap stocks to buy now. Best Very Cheap Stocks to Buy Right Now 15. These are the best very cheap stocks to buy according to hedge funds. The Bloomberg report said that tech stocks in the S&P 500 are trading at about 25 times their prospective earnings.įor this article, we scanned Insider Monkey’s database of 943 hedge funds and picked 15 tech stocks with PE ratios less than 15 as of April 25. However, this optimism is unfounded and could cause pain for investors in the coming weeks or months. According to an analysis by Bloomberg, this was the IT sector’s strongest start to a year since 2009. The S&P 500 Information Technology Index is up 23% in 2023, compared to a 7.7% gain of the broader S&P 500 index in the same period. This optimism is having a direct effect on the technology sector which looks great in the short term. While several analysts believe the Federal Reserve to raise interest rates just one more time in 2023 before hitting a temporary pause, there’s a section in the market that is hoping for rate cuts. Stock valuations are again a topic of discussion currently as some analysts are warning against the market’s optimism that is sending tech valuations soaring to record levels.

To see more such companies, go directly to 5 Best Very Cheap Stocks to Buy Right Now. In this article, we will take a look at the 15 best very cheap stocks to buy right now.

Best cheap stocks to buy now 2022