90% + of people should use index funds that track the S&P 500. Boring, but you'll sleep easier at night. Vast majority of people picking individual stocks fail to beat the market over the long term.
If you really want to pick individual stocks the best advice I have, before you do anything, is read The Intelligent Investor by Benjamin Graham, paying special attention to chapter 8 (market fluctuations) and chapter 20 (margin of safety).
I don't see very many bargains in the market right now, but Berkshire Hathaway seems fairly cheap - Buffett has been buying back shares at around the price it's selling at now. Which he's always been ultra conservative about. He'll never do it unless he feels shares are trading at discount to intrinsic value, conservatively valued. What better sign that shares are at a discount? People are worried about Buffett and Munger crapping out (they're 90 and 96) but Berkshire will be fine. Berkshire is highly decentralized, Buffett and Munger have almost nothing to do with day to day operations of their businesses, and they've been planning for Berkshire post-Buffett for over 10 years.
Another that seems relatively cheap is Lockheed Martin. Where I've mostly been putting my $ lately. The U.S. government accounts for something like 85-90% of their revenues in recent years, and the U.S. government isn't going to stop shoveling cash down their gullet. Some people seemed concerned with a Biden presidency, as if he'd cut spending in this area. The stock was $440 earlier this year and now it is about $355. It doesn't seem to be a valid concern, considering how well a company like Lockheed Martin did under Obama. It will be business as usual under Biden. Lockheed Martin will be fine no matter who controls our government. The F-35 program, for example, runs through 2070.
