3 Cheap Stocks That Are Looking Extra Spicy

Core Insights - The article discusses the potential of investing in undervalued stocks, emphasizing the importance of selecting quality companies despite market volatility [1][2]. Group 1: Investment Opportunities - Imperial Oil (IMO) operates in the integrated oil and gas industry, involved in both upstream and downstream activities, and may benefit from geopolitical supply chain disruptions [4]. - Imperial Oil's valuation is reasonable at 1.14X sales, slightly above the industry average of 1.12X, with projected fiscal 2024 revenue of $37.96 billion, a 1.9% increase from $37.25 billion last year [5][6]. - PagSeguro Digital (PAGS) is a fintech company based in Brazil, providing point-of-sale devices and e-commerce solutions, with a current trading multiple of 2.4X trailing-year revenue, which is lower than the first quarter's multiple of 2.56X [8][9]. - Analysts expect PagSeguro's sales to reach $3.26 billion in fiscal 2024, a 4.8% increase from $3.11 billion last year, with a high-side estimate of $3.87 billion [10]. - Equinox Gold (EQX) focuses on precious metals and may benefit from a dovish monetary policy that could increase gold prices, currently trading at a price-to-sales ratio of 1.77X [11][12]. - Analysts project Equinox's revenue to grow to $1.57 billion in fiscal 2024, representing a 44% growth from $1.09 billion last year, with potential sales soaring to $2.32 billion in the following year [13].