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The Motley Fool

Absurdly Cheap Growth Stocks That Are Trading Below $100

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Absurdly Cheap Growth Stocks That Are Trading Below $100
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xCruzo Brief

Three growth stocks are highlighted as trading below $100: Medtronic (around $87), Uber Technologies (about $70), and Carnival Corp. Medtronic, down more than 9% this year, is described as a medical device maker with exposure to devices and therapies for more than 70 conditions, including its Hugo robotic-assisted surgery system cleared by the FDA late last year. The article says Medtronic trades at roughly a 15 forward P/E versus about 20 for the average S&P 500 stock. Uber is nearing its 52-week low of $65.41 and trades at a forward P/E of 16, with revenue over $55 billion and operating income of $6.7 billion over the past 12 months. Carnival is noted after strong quarterly results.

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