Hot Cheap Stocks to Buy Now: A Guide to Investing in the Market

The US stock market has been experiencing a rollercoaster ride lately, with investors eagerly waiting for the next big move. With the Federal Reserve signaling a potential pivot away from interest rate hikes and towards rate cuts in 2024, many are wondering which stocks will benefit the most from this shift.

One such stock is Viatris (VTRS), a leading healthcare company that has been performing exceptionally well lately. With its impressive track record of double-digit growth in sales and earnings, Viatris is an attractive option for investors looking to diversify their portfolios.

So, what makes Viatris stand out from the crowd? For starters, the company has a strong history of paying out quarterly dividends. In fiscal year 2022, Viatris plans to pay out 12 cents per share, representing a 9% increase from the previous year. Additionally, its EBITDA margins have improved significantly, with a year-over-year growth of 132%. Free cash flows are also robust, growing over 250% in 2020.

But what about the company's financial performance? In 2021, Viatris reported a colossal increase in revenues to $17.8 billion, representing a 51% increase from the prior year. With its diversified portfolio of prescription drugs, complex generic drugs, active pharma ingredients, biosimilars, and others, Viatris is well-positioned to continue its growth trajectory.

So, why should you consider investing in VTRS stock? For one, it's trading at a relatively low price, making it an attractive option for investors looking to scoop up cheap shares. Additionally, the company's strong financial performance and dividend payouts make it a reliable choice for income-seeking investors.

In conclusion, Viatris is a top healthcare company that has been performing exceptionally well lately. With its impressive track record of growth, strong financial performance, and attractive valuation, it's an excellent option for investors looking to diversify their portfolios. So, if you're considering investing in the market, be sure to add VTRS stock to your watchlist.

Hot cheap stocks to buy now