Daniel Pronk: 5 Undervalued Stocks to Buy In June 2024

With the market near all-time highs, some stocks have already made a big run. Some may have already hit their peak for the year. Investors can always find an undervalued stock, no matter what’s happening in the market.

By buying undervalued stocks, investors can benefit in several ways. The first is if the company has a catch-up rally. Many lagging stocks often do. The second comes from earning a high dividend payment in the meantime.

Undervalued stocks can also mean that investors get into an unloved sector as it starts to trend higher.

For instance, while not as exciting as tech, asset management services tend to fare well in rising markets. That’s good for Brookfield Asset Management (BAM).

The company went public at the end of 2021, but still looks like a value play today. They mange one of the largest alternative asset portfolios in the world.

Shares also pay a 4.0% dividend at today’s prices.

Another undervalued stock is Rexford Industrial Realty (REXR).

The industrial property REIT benefits from the soaring demand for warehouses, data centers, and other non-office commercial space.

Currently, Rexford is buying in California. It could have bigger growth by expanding to other states. Shares also pay about a 4.0% dividend at current prices.

To view the full list of undervalued stocks right now, click here.