If I told you that your favourite pants were selling for 50% off, you'd dash to the shops to buy them, wouldn't you?
So why wouldn't you do the same with quality S&P/ASX 200 Index (ASX: XJO) shares?
Here are two stocks going for a discount that Morgans investment advisor Jabin Hallihan reckons are a buy:
'Strategic advantages and market dynamics'
Treasury Wine Estates Ltd (ASX: TWE) shares are now down almost 10% so far this year.
The Morgans team is not worried in the long run.
"The global wine company has a diversified premium wine portfolio, a robust distribution network and generates consistent revenue growth," Hallihan told The Bull.
"We believe Treasury Wine Estates offers a good buying opportunity."
In fact, if anything, the ASX 200 stock has some potential tailwinds coming in the immediate future.
"Short-term catalysts for a re-rating include demand for the renowned Penfolds brand and the possible removal or easing of steep Chinese tariffs on wines from Australia.
"Expect strong returns driven by strategic advantages and market dynamics."
Treasury Wine enjoys strong support among professional investors.
According to CMC Markets, 12 out of 17 analysts currently believe the stock is ripe for buying.
'Long resource life and growth prospects'
Meanwhile, the share price for lithium miner Pilbara Minerals Ltd (ASX: PLS) has also tanked more than 10% since a year ago.
Again, Hallihan isn't the least bit fazed for the long-term investor.
"Pilbara Minerals is one of our top selections among lithium stocks. PLS offers a long resource life and growth prospects."
His team has a price target of $5.60, which is a chunky 37% premium on Tuesday's closing price of $4.09.
Pilbara Minerals is in rude financial health, which will allow it to take advantage once global lithium prices start picking up again.
"With a forecast strong fiscal year 2024 cash balance of more than $3.3 billion and robust cash flow, the company can drive capital management initiatives and expansion."
The ASX 200 mining stock also enjoys decent support in the professional community.
Eight out of 18 analysts surveyed on CMC Markets at the moment rate the shares as a buy.
