Looking for cheap FTSE 100 stocks? Here’s one I’d feel confident going ‘all in’ on

The FTSE 100 is on a roll as demand for UK-listed stocks picks up. The index is up 5.3% since the beginning of 2024, and on Tuesday hit new record highs near 8,200 points. It’s been said for quite some time that British shares are undervalued. It’s a view that I myself share. And it seems like investors could also be coming around to this idea. Analyst Russ Mould of AJ Bell says that “the breadth of sectors moving higher suggests investor sentiment continues to improve.” Meanwhile, XTB analyst Kathleen Brooks believes there is “a psychological shift going on in the mind of international investors, and they are starting to warm to UK stocks.” This could be the start of a new bull run for FTSE 100 shares. And I’m looking for stocks that are trading below value to hopefully capitalise on this. They could potentially deliver the greatest share price gains as the market recovers. There are plenty of undervalued shares to choose from today. But one particular company has my attention right now: drinks bottler Coca-Cola HBC (LSE:CCH). The Footsie firm is expected to grow earnings 25% in 2024. So at £26 per share, it trades on a...

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