Published on 31 Jan 2023 on Insider Monkey via Yahoo Finance

11 Most Undervalued Blue Chip Stocks To Buy According To Hedge Funds

In this article, we will take a look at the top 11 most undervalued blue chip stocks to buy according to hedge funds. You can skip this part and go to 5 Most Undervalued Blue Chip Stocks To Buy According To Hedge Funds.

The stock market crash of 2022 plunged US equities to new lows. While it has ushered in a chaos in the markets, long-term investors are seeing it as an opportunity to pile into undervalued stocks with strong upside potential. In October last year, Finance Professor at the University of Pennsylvania Jeremy Siegel said that stocks were “undervalued greatly” in the long run. He said at the time that rising interest rates were keeping a lid on the stocks but said the rates were not expected to remain elevated for a long time.

“I’m staying put, I certainly wouldn’t be surprised if a year, year and half from now we’re 20-30% higher. I think stocks are undervalued greatly in the long-run.”