3 Bargain Stocks You Can Buy Today

There are plenty of bargains available in the stock market for those willing to spend some time looking. It's easy to simply buy what everyone else seems to be buying, but producing above-average returns requires investors to find value in areas that most people ignore. The best time to purchase a particular stock is often when few investors are willing to do so. We asked three of our Fool contributors to each come up with a stock that's currently trading at a major discount to its fair value. Here's what they had to say...

General Motors (NYSE:GM) is a stock that looks incredibly cheap. GM stock trades for just 5.5 times the low end of the company's earnings guidance for 2016, and a 5.25% dividend yield appears almost too good to be true. Optical equipment maker Infinera (NASDAQ:INFN) has had a rough 2016. Shares plunged 26% in April alone and are currently down more than 30% year to date. Even though shares of Helmerich & Payne (NYSE:HP) have rallied a bit since February, that doesn't mean the stock isn't severely beaten down. If we backtrack to when oil prices started to decline two years ago, then the company's stock is still down more than 40% since.

Source: Motley Fool

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