10 Stocks Near 52-Week Lows and Ready to Rebound

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 |  Includes: AIG, BK, GLW, HPQ, JPM, LMT, MSFT, PNC, PRU, WFC
by: Insider Monkey

If our aim is buying low and selling high then the initial price we pay for our new position is very important. We believe that analyzing stocks that are near their 52 week lows is a good starting point to find cheap stocks.

Here is the list of large cap stocks that are trading within 10% of their 52 weeks lows. These stocks have P/E ratios of below 10 and market cap of higher than $20 billion. (Market data is sourced from Finviz)

1- American International Group (NYSE:AIG): American International Group is an international insurance organization. AIG recently traded at $23.15 and lost 25.51% during the past 12 months. AIG has a market cap of $43.9 billion, P/E ratio of 7.62 and forward P/E ratio of 7.35. The stock has Total Debt / Equity ratio of 0.97 and Beta of 3.57. Bruce Berkowitz’ Fairholme had huge AIG position worth $1.5 billion at the end of March. (Check out Berkowitz’s top holdings)

2- The Bank of New York Mellon Corporation (NYSE:BK): The Bank of New York Mellon Corporation provides various products and services worldwide. BK recently traded at $19.96 and has a 2.54% dividend yield. BK lost 15.94% during the past 12 months. BK has a market cap of $25.5 billion, P/E ratio of 9.5 and forward P/E ratio of 7.83. The stock has Total Debt / Equity ratio of 0.8 and Beta of 0.74.

3- Corning Inc. (NYSE:GLW): Corning provides specialty glass and ceramics products worldwide. GLW recently traded at $14.36 and has a 1.4% dividend yield. GLW lost 17.78% during the past 12 months. GLW has a market cap of $22.4 billion, P/E ratio of 6.78 and forward P/E ratio of 6.56. The stock has Total Debt / Equity ratio of 0.11 and Beta of 1.37.

4- Hewlett-Packard Company (NYSE:HPQ): Hewlett-Packard Company is one of the leading technology companies operating worldwide. HPQ recently traded at $32.17 and has a 1.55% dividend yield. HPQ lost 21.93% during the past 12 months. HPQ has a market cap of $64.4 billion, P/E ratio of 7.61 and forward P/E ratio of 5.8. The stock has Total Debt / Equity ratio of 0.55 and Beta of 1.01.

5- JPMorgan Chase & Co. (NYSE:JPM): JPMorgan Chase & Co. provides various financial services worldwide. JPM recently traded at $35.75 and has a 2.73% dividend yield. JPM lost 1.61% during the past 12 months. JPM has a market cap of $145.8 billion, P/E ratio of 7.84 and forward P/E ratio of 6.47. The stock has Total Debt / Equity ratio of 4.54 and Beta of 1.15. Steve Heinz’s Lansdowne Partners has the largest JPM position among the 300-plus funds we are tracking.

6- Lockheed Martin Corporation (NYSE:LMT): Lockheed Martin Corporation provides advanced technology systems and products. LMT recently traded at $69.35 and has a 4.36% dividend yield. LMT lost 1.26% during the past 12 months. LMT has a market cap of $23.1 billion, P/E ratio of 9.12 and forward P/E ratio of 7.86. The stock has Total Debt / Equity ratio of 1.53 and Beta of 0.96.

7- Microsoft Corporation (NASDAQ:MSFT): Microsoft Corporation provides various software products and services worldwide. MSFT recently traded at $25.13 and has a 2.54% dividend yield. MSFT lost -5.35% during the past 12 months. MSFT has a market cap of $211 billion, P/E ratio of 9.33 and forward P/E ratio of 7.95. The stock has Total Debt / Equity ratio of 0.21 and Beta of 1.03. Microsoft is one of the top 10 most popular stocks among hedge funds. Hedge funds had $5.4 Billion in MSFT at the end of March. Boykin Curry’s Eagle Capital had $427 Million in MSFT.

8- PNC Financial Services Group Inc. (NYSE:PNC): The PNC Financial Services Group is a diversified financial services company. PNC recently traded at $46.74 and has a 2.94% dividend yield. PNC lost 13.76% during the past 12 months. PNC has a market cap of $25.1 billion, P/E ratio of 7.67 and forward P/E ratio of 7.49. The stock has Total Debt / Equity ratio of 0.94 and Beta of 1.22.

9- Prudential Financial, Inc. (NYSE:PRU): Prudential Financial provides financial products and services worldwide. PRU recently traded at $50.92 and has a 2.23% dividend yield. PRU lost 5.04% during the past 12 months. PRU has a market cap of $25.2 billion, P/E ratio of 9.04 and forward P/E ratio of 6.6. The stock has Total Debt / Equity ratio of 0.06 and Beta of 2.37.

10- Wells Fargo & Company (NYSE:WFC): Wells Fargo & Company provides retail, commercial, and corporate banking services. WFC recently traded at $23.92 and has a 1.98% dividend yield. WFC lost 5.45% during the past 12 months. WFC has a market cap of $128.5 billion, P/E ratio of 9.41 and forward P/E ratio of 6.92. The stock has Total Debt / Equity ratio of 1.44 and Beta of 1.36. Warren Buffett had $10.8 billion invested in WFC shares. John Paulson also had $650 million invested in Wells Fargo (see John Paulson’s top stock picks here).

Disclosure: I am long MSFT.