logo
  Join        Login             Stock Quote

These International Stocks Are Too Cheap To Ignore

 October 12, 2011 11:06 AM
 


As investors await the outcome of various global crises -- from Athens to Washington -- they're going to great lengths to avoid risk. Many are shunning any new stock purchases until confidence can be restored. But some investors aren't waiting for the "all clear" to sound, snapping up great companies while they're awfully cheap. Lately, I've been highlighting pockets of deep value in the United States, but virtually the entire planet is on sale at the moment. Leading blue chips in virtually every stock market are now selling at prices well below levels seen this past spring. With the exception of the market rout of 2008/2009, many of these blue chips haven't been this cheap in several decades.

[Related -Mylan, Inc. (MYL) Q3 Earnings Preview: Weak Dollar = Strong Profit?]


If you're looking to start loading up on bargains now, or at least want to be ready to move quickly when the time is right, then I've compiled a list of 20 international blue chips that are certifiably cheap. How cheap? Every stock on this list has a price-to-earnings (P/E) ratio below 8, based on projected 2012 profits. To add an extra level of safety, I've excluded companies that operate in the banking sector. It's simply too soon to wade into this troubled sector until the European debt crisis is resolved. I've also culled China-based American depositary receipts (ADRs) from the list. Until that country gets serious about rigorous oversight of accounting practices, investors are taking on too much risk with these stocks.

So here's what I've found...

[Related -Polypore International, Inc. (PPO): Forget Tesla: This Is The Best Way To Profit From Electric Cars]

Talk about geographic diversity. These blue chips are domiciled across Europe, as well as in Brazil, Japan, South Korea, Israel and Russia. Sure, business conditions are tough in many of these regions, but all of these companies remain solidly profitable and are now just too cheap to be ignored.

Take Honda Motor (NYSE: HMC) and Nissan Motor (Nasdaq: NSANY) as examples. Honda has always been one of the leanest automobile manufacturers in the world and is expected to benefit from an upcoming aggressive slate of redesigns for its key popular cars such as the Accord and CR-V. Nissan, which has long toiled in Toyota's shadow, is emerging as a key player in the push for electric vehicles, in tandem with partner Renault.


Next Page >>123
iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageXerox Corp. (XRX): An Insider’s $500,000 Insider Buy

Last week was a healthy week of insider buying as 194 companies reported purchase records. The number read on...

article imageQihoo 360 Technology Co Ltd. (QIHU) Q2 Earnings Preview: A Green Monday

Qihoo 360 Technology Co Ltd. (NYSE:QIHU) will report its second quarter 2014 financial results on Monday, read on...

article imageSix Stocks that Could Outperform in the next 90 days

Earlier today, Goldman Sachs put out its list of the 50 stocks that Matter Most. It’s a list of the 50 read on...

article imageFoot Locker, Inc. (FL) Q2 Earnings Preview: Running Past the Street View

Foot Locker, Inc. (NYSE:FL) plans to report financial results for its second quarter ended August 2, 2014 read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.