The 3 Most Undervalued Sleeper Stocks to Buy in July 2024

Undervalued Stocks Overview - Undervalued stocks with strong fundamentals and sizable dividends can be expected to rise as the market discovers their potential [1] - Long-term investment success often depends on uncovering and holding these hidden gems [1] - Despite the stock market being at an all-time high, there are still bargains to be found [1] Delta Air Lines (DAL) - Delta Air Lines stock fell 7% after Q2 earnings due to forward guidance missing Wall Street expectations [2] - The stock is down 10% over the last 12 months and trading 30% below pre-pandemic levels [2] - Delta is trading at just five times future earnings estimates and pays a quarterly dividend of 15 cents per share [2] - Corporate travel continues to recover from pandemic lows and is expected to rise further [3] General Motors (GM) - General Motors stock has gained 33% this year but is still trading at a price-earnings ratio of five times future earnings estimates [4] - The company reported its best quarterly sales in nearly four years, driven by a 40% increase in EV sales [5] - GM announced a $6 billion stock buyback program and increased its quarterly dividend by 33$1.63 per share, yielding 4.72% [6] - UPS has become the primary air cargo provider for the U.S. Postal Service, replacing FedEx, and sold its third-party logistics business for $1 billion [6]