Got $1,000? 3 Stocks to Buy Now While They're on Sale

The S&P 500 (SNPINDEX: ^GSPC) is hovering near its all-time highs and looks historically expensive at 31 times earnings, so it might not seem like the best time to shop for cheap stocks. However, investors should remember the S&P 500 is a market-cap-weighted index driven by massive companies that can overshadow the smaller but cheaper stocks. Some of those bargains might not even be included in the S&P 500.So today, let's ignore the broader market and review three undervalued stocks that might deserve a fresh $1,000 investment right now: Alibaba (NYSE: BABA), Altria (NYSE: MO), and Carnival (NYSE: CCL) (NYSE: CUK).Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool