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7 Undervalued Stocks to Buy Now

By U.S. News & World Report

The S&P 500 has been on a tear in recent years, surging to new all-time highs above 7,000. The positive market momentum has been welcome news for investors, but it has also created some bloated valuations and even triggered concerns about a potential bubble. During bull market rallies, identifying stocks of quality companies that are still attractively valued can be difficult.

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That said, value stocks can provide upside if the bull market rally continues and can protect against portfolio downside if a rally fizzles out. The CFRA analyst team recommends these seven undervalued stocks that have forward earnings multiples below 15:

Micron Technology Inc. (MU)

Micron Technology specializes in semiconductor memory products, including DRAM and NAND flash memory. Micron shares are up about 224% in 2026 through May 28, the best performance of any stock on this list. However, even after Micron’s huge run, its forward earnings multiple of just 9.4 remains extremely inexpensive. Analyst Angelo Zino says the current growth cycle in the memory market will endure through at least 2027. Zino says limited high-bandwidth memory wafer capacity and massive AI capital expenditures are supporting memory market pricing. CFRA has a “buy” rating and $900 price target for MU stock, which closed at $923.52 on May 28. Don’t be surprised if that price target gets updated soon, however, as a flurry of analysts have been rushing to update price targets to the $1,500 per-share level.

JPMorgan Chase & Co. (JPM)

JPMorgan Chase is one of the world’s largest banks and financial services companies with nearly $5 trillion in assets. Analyst Kenneth Leon says improving capital markets serve as a tailwind for JPMorgan’s diversified banking business model. Leon predicts elevated equity underwriting demand and higher mergers and acquisitions activity in the coming quarters, a dynamic that will help accelerate JPMorgan’s transaction growth and non-interest income from investment banking activities. Leon says the bank also has a thriving consumer franchise and will likely gain additional wallet share in 2026 and beyond. CFRA has a “buy” rating and $365 price target for JPM stock, which closed at $296.73 on May 28.

Wells Fargo & Co. (WFC)

Wells Fargo is one of the largest U.S. banks, lending mostly within the U.S. market. In June 2025, the Federal Reserve removed Wells Fargo’s punitive asset cap that had been in place since 2018. Analyst Alexander Yokum says the asset cap removal opened the door for Wells Fargo to once again pursue growth strategies and attempt to regain lost market share. In addition, Yokum predicts the bank’s return on tangible common equity will continue to improve toward its target range of 17% to 18%. CFRA has a “buy” rating and $108 price target for WFC stock, which closed at $76.65 on May 28.

[READ: 7 Best Long-Term ETFs to Buy and Hold]

Salesforce Inc. (CRM)

Salesforce is the world’s largest provider of cloud-based customer relationship management software. Like other tech stocks with low earnings multiples, Zino says there are reasons why the stock is cheap. The company faces challenges with seat growth, intense competition and concerns over possible AI disruption. However, Zino says Salesforce is better positioned than most software-as-a-service providers to fend off enterprise AI toolmakers, and Salesforce has also had early success with its own Agentforce enterprise AI platform. Zino says Salesforce’s sticky customer base is also a plus. CFRA has a “buy” rating and $210 price target for CRM stock, which closed at $176.17 on May 28.

Chubb Ltd. (CB)

Chubb is a property and casualty insurance company that provides commercial insurance and reinsurance. The company also underwrites life and health insurance and has a high-end personal lines insurance franchise. Analyst Catherine Seifert says Chubb’s underwriting capabilities and its ability to outgrow its peers will help the company create value for long-term investors. Seifert says claim costs have moderated so far in 2026, and Chubb’s pricing environment remains favorable. She says Berkshire Hathaway Inc.’s (BRK.A, BRK.B) large investment in Chubb is also a valuable, high-profile vote of confidence. CFRA has a “buy” rating and $380 price target for CB stock, which closed at $316.22 on May 28.

Bristol-Myers Squibb Co. (BMY)

Bristol-Myers Squibb is a global biopharmaceutical company that specializes in oncology, immunology and cardiovascular therapeutics. The company’s top-selling products include cancer therapy Opdivo, anticoagulant Eliquis and immunology drug Orencia. Analyst Sel Hardy says Bristol-Myers’ growth portfolio now accounts for the majority of the company’s sales, highlighting its successful diversification efforts and its attractive outlook. Hardy is particularly bullish on the long-term potential for Anti-MTBR-Tau-Targeting Antibody in addressing the massive Alzheimer’s market, which could grow to 13.8 million patients in the U.S. alone by 2060. CFRA has a “buy” rating and $73 price target for BMY stock, which closed at $56.91 on May 28.

Progressive Corp. (PGR)

Progressive is one of the largest U.S. auto insurance groups. It is also a market leader in motorcycle insurance and commercial auto insurance. Not only is Progressive’s stock attractively valued, its 7.2% dividend yield is the highest on this list. Seifert says Progressive has a top-tier underwriting platform, and positive claim trends have helped improve overall profitability. She says Progressive has consistently outshined its competitors on premium and investment income growth. Seifert says Progressive’s personal auto insurance business also makes it an excellent defensive investment. CFRA has a “buy” rating and $235 price target for PGR stock, which closed at $194.51 on May 28.

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7 Undervalued Stocks to Buy Now originally appeared on usnews.com

Update 05/29/26: This story was published at an earlier date and has been updated with new information.

As Chicago rethinks its monuments, an artist surrounds George Washington with ‘Other Washingtons’

By CNN
Chicago (CNN) — In Chicago, a lone statue of George Washington is now surrounded by “Other Washingtons,” which take the form of blue flags bearing the faces of Black Americans who bear the same last name. They include a range of notable figures and local heroes, such as the inventor George Washington Carver, Academy Award-winner Denzel Washington, architect Roberta Washington, and South Side school band leader Benjamin Washington.Who is worthy of a monument? That question circulated across the United States six years ago as the country reckoned with racial injustice in the aftermath of the killing of George Floyd, including who is represented by, or excluded from, our public symbols. Statues of controversial figures were vandalized and taken down, with more than 160 Confederate works removed from public spaces in 2020.Chicago has offered its own answer: to commission new monuments or respond to existing ones, based on internal research that found the city had gaps in representation of gender and race. This year, its Department of Cultural Affairs and Special Events (DCASE) is unveiling a spate of new artist commissions, called the Chicago Monuments Project.“Other Washingtons,” which opened on Thursday in Washington Park, on the city’s South Side, was conceptualized by artist and architect Amanda Williams and is the second so far to be completed. It asks community members to think of the Washingtons that matter to them, with flags and accompanying banners telling their stories and that will rotate out annually for three years.The project is meant to represent “a living archive,” said Kenya K. Merritt, a commissioner from DCASE, in a statement. It “can continue to grow, reflect community memory, and make space for stories that are less widely known.”The design is modeled after the flags that surround the Washington Monument in the nation’s capital, and the colors Williams chose — blue, cream, chocolate and salmon — reference a color palette developed by George Washington Carver, that the artist has explored as part of a larger body of work on the scientist.Depicting Washington on horseback during the Revolutionary War, the original monument has been there since 1904, and is actually a replica of one gifted to France. For a long time, the statue was fenced in after it was vandalized in June 2020. Monuments to Washington and other Founding Fathers were targeted by anti-racist protestors. Washington himself had hundreds of slaves at his home and plantation in Virginia. With the statue in Chicago located in a predominately Black neighborhood, Williams believes it doesn’t fully represent the community in which it resides.“How do you make the site relevant again?” That was the question on her mind when she received the commission, she explained in an interview at the opening event. “What does it mean to not touch him, but to make something that will maybe obscure him?”A monument to manyWilliams’ idea began to take shape with census research, finding that Washington has long been one of the top surnames almost entirely associated with Black Americans. In the 2000s, it reached the top spot, with around 90% of Washingtons identifying as African American. (In the 2020 census, the surname was outranked only by Pierre, though Washington is a much more common name.)It became clear to her then that she could monumentalize many Washingtons who might be more meaningful to passersby, from musicians and athletes to politicians and local heroes. In collaboration with the educator and nearby Englewood resident Candice Washington, who is curating the project, they launched a website to ask for collective input.“It allows the community to really take ownership,” Williams said. “They need to know these are their stories.”“Other Washingtons” is one of eight commissions planned across the city as part of the Chicago Monuments Project, which has received $6.8 million from the Mellon Foundation. Last month, markers around the city were completed to commemorate the victims of the Chicago Race Riot of 1919. Other commissions include a monument to honor Native voices, a sculpture of gospel singer and Civil Rights activist Mahalia Jackson, and a site to recognize the survivors who were tortured by the Chicago Police Department during the 1970s-1990s.But the initiative is bearing the fruits of its labor during President Trump’s second term, when the federal government, in contrast, has doubled down on honoring figures traditionally exalted in US history and is funding such monuments at a breakneck pace. The White House has announced a location for its long-planned National Garden of American Heroes, added sculptures of the Founding Fathers to a newly paved Rose Garden, regilded existing mythological statues by Leo Friedlander, and is pursuing a 250-foot-tall triumphal arch that would dwarf the Lincoln Memorial.Chicago mayor Brandon Johnson, who spoke at the opening of “Other Washingtons,” hopes that the city can set an example through the Chicago Monuments Project.“Through this initiative, Chicago sets a national model for how cities can invest in public art to preserve history, strengthen communities, and inspire real dialogue,” said Mayor Brandon Johnson in his public remarks. “‘Other Washingtons’ expands our understanding of our history and honors the many Washingtons who contribute and have shaped this city, and that will continue to inspire future generations.”At the event, some of those honored and their families were present. The local band leader Benjamin Washington was there, who Williams had not yet met. She ran up to introduce herself and shake his hand before speaking at the podium. After the remarks, different Washingtons smiled and took photos beneath their banners, wearing stickers that said “I’m a Washington.”“My name is Sonya Washington,” one woman said, pointing up to a banner as she introduced herself. “You can find me up there.”The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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