Investors seeking low-priced stocks in this expensive market have three stocks to consider.
LyondellBasell (LYB) is steady at around $59.50 after posting Q1 non-GAAP earnings per share of 0.33. However, the EPS is $0.54 when excluding a $0.21 negative charge. Revenue fell by 7.6% Y/Y to $7.67 billion.
LYB stock may form an uptrend from here as the risks of a dividend cut are improbable. The management team and CEO exuded an optimistic outlook on the business. On the conference call, the firm recognized the weak housing market continued, hurt by low demand and high inventories. Still, the PE polyethylene trade deficit continued. This would suggest stable pricing ahead.
Kenvue (KVUE) remains attractive in its $20 - $24 trading range. The firm is a good takeover target. Known best for its Tylenol product, firms like Proctor & Gamble (PG) or Unilever (UL) might buy the firm.
Intel (INTC) held at a $20.00 support line despite posting weak results and guidance. Revenue of $12.7 billion and non-GAAP EPS of 13 beat expectations. Intel will cut its operating expenses by $500 million this year. Furthermore, gross capital expenditure of $18 billion in 2025 is $2 billion lower than previously targeted.
Growth investors may accumulate Nvidia (NVDA) and Advanced Micro Devices (AMD). However, Intel’s turnaround prospects are attractive from here.
