The market has soared to new all-time highs in a miraculous recovery from the April 2 “Liberation Day” tariff scare. That being said, the market certainly isn’t out of the tariff woods, so to speak, and valuations have now rerated much higher than a mere three months ago.
That doesn’t leave many “bargains” left in the market. However, the following three stocks have actually lagged the market’s recovery because of unique company-specific circumstances. Yet each looks like a bargain at the moment from a longer-term perspective — especially by today’s valuation standards.
Semiconductor equipment giant ASML Holdings (NASDAQ: ASML) might not look “cheap” on the surface, but the stock is actually much cheaper than its recent history. In fact, at around 26 times earnings, the stock is now cheaper than it has been at any time over the past 10 years on a P/E basis except late 2018, just before extreme ultraviolent lithography (EUV) machine sales kicked off in earnest.