Looking for the best value stocks? Tracey Ryniec, Stock Strategist at Zacks Investment Research, discusses two stocks that might be worth a closer look by value investors: Intel Corporation (INTC) and Copa Holdings (CPA).
Both companies have forward P/Es well below the average of the S&P 500, which is still trading at 17x, despite the rocky start to 2016. They also are in favor with analysts, as 2016 and 2017 earnings estimates have been moving higher.
Intel has been diversifying its business away from PCs to higher growth segments like data centers and memory. While Copa has been expanding its flight destination network to tap the growing middle class in both Central and South America.
But what else should investors take away from these two Zacks Rank #2 (Buy) companies?