Here's What's In CNBC's Cheap Stocks Basket
Posted by DAN WEIL on Thursday, December 30, 2021 Under: Technical Analysis
In : Technical Analysis
Tags: here's what's in cnbc's cheap stocks basket nfts crypto solana etf
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CNBC has assembled a list of cheap stocks to consider for 2022, including Alaska Air (ALK) - Get Alaska Air Group, Inc. Report, Activision Blizzard (ATVI) - Get Activision Blizzard, Inc. Report, Baker Hughes (BKR) - Get Baker Hughes Company Class A Report, D.R. Horton (DHI) - Get D.R. Horton, Inc. Report and News Corp. (NWSA) - Get News Corporation Class A Report.
CNBC filtered S&P 500 non-financial companies, choosing those with a forward price-earnings ratio at least 20% lower than their five-year average. It left out financial stocks because P-E ratios aren’t a commonly used metric for them.
The list was further winnowed to include only companies rated a buy by at least 60% of analysts covering them and stocks with consensus price-targets at least 10% above current price levels.
Other stocks on the list are Devon Energy (DVN) - Get Devon Energy Corporation Report, Electronic Arts (EA) - Get Electronic Arts Inc. Report, EOG Resources (EOG) - Get EOG Resources, Inc. Report, Diamondback Energy (FANG) - Get Diamondback Energy, Inc. Report, Freeport-McMoRan, (FCX) - Get Freeport-McMoRan, Inc. Report, Marathon Petroleum (MPC) - Get Marathon Petroleum Corporation Report, Phillips 66 (PSX) - Get Phillips 66 Report, Pioneer Natural Resources (PXD) - Get Pioneer Natural Resources Company Report, PTC (PTC) - Get PTC Inc. Report Schlumberger (SLB) - Get Schlumberger NV Report, Valero Energy (VLO) - Get Valero Energy Corporation Report and Williams Cos. (WMB) - Get Williams Companies, Inc. Report.
In : Technical Analysis
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