We asked Chat GPT-4 to analyze sources and data across the entire internet for what it thought are the most undervalued stocks in 2023. Here are A.I.’s answers:
- Albertsons (ACI), Alphabet (GOOGL), ASML Holding (ASML), AvalonBay Communities (AVB), Berkshire Hathaway (BRK.B) are listed as undervalued stock picks for Q2 2023 by Morningstar.
- Activision Blizzard (ATVI) is seen as a classic arbitrage opportunity. The stock price as of April 19, 2023, was $85.50, and Microsoft's offer to acquire Activision Blizzard was $95 per share. The stock is considered undervalued if the acquisition deal goes through.
- Owens Corning (OC), a manufacturer of insulation and roofing, is trading at a P/E ratio below its historical average and well below its five-year maximum. As of April 19, 2023, its stock price was $101.02.
- Bank of America (BAC) is seen as undervalued due to the price to earnings ratio of 9.03 and its price being close to its 52-week low. As of April 19, 2023, the stock price was $30.06.
- LyondellBasell (LYB), a specialty chemicals company, has a P/E ratio of 8.15 and offers an impressive dividend yield of 4.9%. As of April 19, 2023, its stock price was $96.38.
- 3M Company (MMM), despite facing potential legal liabilities, is considered financially strong and its stock price of $106.08 as of April 19, 2023, is seen as undervalued.
- Cognizant (CTSH), a tech consulting company, is seen as undervalued due to its strong balance sheet and a solid dividend yield of 1.9%. Its stock price as of April 19, 2023, was $60.25.
- Macy's (M) is seen as undervalued due to its P/E ratio of just 4.3 and a 3.7% dividend yield. Its stock price as of April 19, 2023, was $17.85.
