3 Magnificent Stocks to Buy That Are Near 52-Week Lows

As the stock market continues to surge, finding undervalued stocks can be a challenge. However, some companies have underperformed the broader market and are trading near their 52-week lows, presenting attractive investment opportunities for value investors. In this article, we will explore three such stocks: Chevron (CVX), Devon Energy (DVN), and Prologis (PLD).



1. Chevron (CVX) - A multinational energy corporation with a strong balance sheet and financial flexibility, Chevron has increased its dividend for 37 consecutive years. Despite its recent fall, CVX has a forward P/E ratio of 7.29, P/B ratio of 2.54, and P/CF ratio of 6.74, which are significantly lower than their respective industry averages. Additionally, Chevron's impending all-stock acquisition of Hess for $53 billion, or $60 billion including debt, could soon get a green light, further boosting the company's growth prospects.
2. Devon Energy (DVN) - An oil and gas stock that has fallen out of favor due to macro factors and fears of a slowdown in spending, Devon Energy has a dividend yield of 8.2%, which is significantly higher than the average yield for the energy sector. With a forward P/E ratio of 9.72, DVN is also trading at a discount to its expected earnings. Moreover, Devon's strong balance sheet and growth prospects make it a compelling investment opportunity.
3. Prologis (PLD) - A logistics real estate investment trust (REIT) that is well-positioned for growth in e-commerce, Prologis has a debt-to-equity ratio of 0.25, ROA of 12.5%, and ROE of 25.5%, which are all positive signs. Despite its recent fall, PLD has a forward P/E ratio of 18.57, which is still lower than its historical average. With a strong portfolio of properties and a focus on sustainable practices, Prologis is well-positioned to benefit from the continued growth of e-commerce.



In conclusion, Chevron, Devon Energy, and Prologis are three magnificent stocks to buy that are near their 52-week lows. Despite their recent falls, these companies have strong fundamentals and growth prospects that make them attractive investment opportunities. As the market continues to surge, value investors should consider adding these stocks to their portfolios to take advantage of their undervalued status.