![]() Once the relationship is established, it's difficult to sever. But Leidos offers the sort of complicated product/service that many major institutions either want a third party to handle or need a third party to handle. The Department of Defense, NASA, airports, and utility companies are representative of its paying customers. Rather, Leidos provides technological solutions to clients usually operating out of obvious view, like federal government agencies, and a few healthcare institutions and civil organizations as well. Its $13 billion market capitalization doesn't turn many heads, and the company doesn't serve consumers. If you've never heard of Leidos, you're not alone. That's certainly been the pattern since 2020 anyway. Last but not least, add Leidos Holdings (NYSE: LDOS) to your list of dirt-cheap stocks to consider buying on the chance it could snap back from its 17% slide from December's high. The stock's current price of less than 10 times this year's expected profits and less than eight times next year's projected earnings is a bargain price that won't be around forever. Just consider capitalizing on investors' pricing mistakes. Sometimes the market is simply looking right past the obvious. It's even more vexing given this year's expected 11% improvement in sales paired with a 37% improvement on last year's per-share earnings.ĭon't overthink the stock's surprisingly poor performance though. ![]() Given all of this, Expedia shares' recent weakness doesn't make a great deal of sense. was also record-breaking, according to Auto Rental News using data supplied by Bobit, underscoring the idea that demand for travel accommodations is brisk and growing. Last year's car-rental revenue within the U.S. The American Hotel & Lodging Association reports demand for hotel stays is set to approach 2019's levels this year as well, while revenue will grow by 16% thanks to price increases consumers are willing to support. ![]() The International Civil Aviation Organization believes air passenger travel will reach pre-COVID levels during the latter half of this year, jibing with a similar outlook from aircraft-leasing outfit Avalon. While still complicated and crimped, it was clear that travel would eventually work its way back to pre-pandemic levels.Įxpedia stock's sell-off from early last year followed by months of weakness, though, is a bit of a mystery. ![]() Conversely, the stock's rally from late 2020 through early 2022 makes sense as well. It's not exactly a secret why shares of travel website Expedia Group (NASDAQ: EXPE) struggled in the first half of 2020: The COVID-19 pandemic was preventing almost all travel. None of these factors is seemingly being priced into the shares, however, which are now trading at less than nine times their trailing-12-month earnings and less than 11 times next year's projected profits. At the same time, Tyson's other rising operating costs like labor and delivery should start to at least stabilize if not outright cool. The end result should be better pricing power. beef production will contract by 6% this year, falling on an annual basis for the first time in more than a decade.Ĭhicken and pork production are only expected to grow 1% and 2%, respectively, in 2023. Department of Agriculture (USDA) forecasts that U.S. While last quarter's industry-wide meat supply glut was challenging for the company, the underpinnings of that oversupply are abating. Indeed, a rebound may be taking shape even sooner than most people expect. The slide since last May's high isn't likely to be an exception to this pattern. That's why the stock doesn't stay down for very long when it does peel back. The thing is, Tyson eventually works past all of these setbacks to emerge as a bigger, more profitable company. In addition to the CFO's recent arrest for public intoxication and one of its facilities' managers wagering how many of its workers would contract COVID-19, the company is regularly dogged by price-fixing accusations and supply/demand imbalances. If it seems like packaged-meat outfit Tyson Foods (NYSE: TSN) is perpetually plagued by troubles, you're not imagining it. With that as the backdrop, here's a rundown of three different dirt-cheap stocks that could outright soar in the foreseeable future. Investors just have to recognize that these companies are set to fare better than most people seem to expect right now. In fact, several of them could soon snap back from their recent weakness. If you're looking for undervalued stocks in the midst of this crazy market, don't worry - they're still out there.
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