smallcappower

12 High Beta, Undervalued Stocks For A Bull Market

he American Indices S&P 500 and NASDAQ ended Monday at their all time highs signalling that expansion in the U.S. economy is underway as stock market index is deemed to be one of the leading economic indicators. Improved corporate earnings and several positive economic data points from the U.S. last week also confirmed the economy is expanding. With equity indices trading at new highs, we have shortlisted 12 U.S. stocks across sectors with beta of more than 1 which exhibit strong cyclicality and also appear to be undervalued offering an attractive choice of investment. We note that these stocks are currently trading at relatively low forward Price-to-Earning (P/E) with relatively low PEG ratio, which are considered attractive investment metrics from a valuation standpoint. Moreover, these stocks are estimated to register strong earnings growth during 2014 and provide high return on equity (ROE). Read More on Google Plus