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Markets · Investing · Business
Finance
2 Stocks to Buy Hand Over Fist in October
Nutex Health and Elevance Health may be underpriced, despite their share growth this year.
Nutex Health(NASDAQ: NUTX) and Elevance Health(NYSE: ELV) are having strong years, outshining the sector, but the share prices of the healthcare stocks still have plenty of room to rise.
While Nutex's shares are up more than 36% and Elevance's have risen more than 11%, they are still trading at a lower valuation than the healthcare sector's average price-to-earnings ratio of 29.75. Nutex is trading at less than 9 times trailing earnings, while Elevance is trading at less than 18 times trailing earnings.
Details
Let's look at why each of these companies is being overlooked and why now might be a good time to buy their shares hand over fist.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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