Hunting for bargains in a rising market can be tough. As the recovery takes hold, many major stock markets have recorded healthy gains for 2021 — and for good reason. Sectors such as aviation and tourism should see better financial and operating numbers as borders slowly reopen and travel restarts. Yet, intrepid investors can find cheap stocks if they look hard enough. One method is to look for companies that are hitting their 52-week lows. These businesses may present juicy investment opportunities that have been unfairly beaten down due to poor sentiment. Even blue-chip companies may not be spared the carnage. A word of caution, though. Shares may look cheap but you need to carefully evaluate the pros and cons of each investment to avoid walking into a value trap. Here are three billion-dollar businesses that are hitting new lows that you can consider adding to your watchlist....