15 Stocks Near 52-Week Lows And Ready To Rebound

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 |  Includes: AFL, AMAT, APA, CB, CHK, GD, GLW, GM, HES, ITW, KSS, NOC, PGR, PH, RTN, TRV
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 a list of large cap stocks that are trading within 10% of their 52 weeks lows. These stocks have P/E ratios of below 15, total debt/equity ratios of below 0.4 and market cap of higher than $10 billion.

  1. AFLAC Inc. (NYSE:AFL): AFLAC Inc. is an American company providing supplemental insurance services. AFL recently traded at $33.8 and has a 3.6% dividend yield. AFL raised its annualized dividend per share from $0.96 to $1.20 in the past three years. The stock has a 3-Year Annualized Dividend Growth of 7.72%. AFL lost 31.7% during the past 12 months. The stock has a market cap of $15.8 billion, P/E ratio of 8.9 and forward P/E ratio of 5.2. The stock has Total Debt / Equity ratio of 0.25 and Beta of 1.8. Bill Miller had $120 Million in AFL at the end of June 2011 (see Miller’s other top stocks here).
  2. Applied Materials Inc. (NASDAQ:AMAT): AMAT is a U.S. company that provides equipment products and software to several manufacturing industries worldwide. AMAT recently traded at $10.7 and has a 3% dividend yield. AMAT gained 2.7% during the past 12 months. The stock has a market cap of $14.1 billion, P/E ratio of 7.4 and forward P/E ratio of 10.5. The stock has Total Debt / Equity ratio of 0.23 and Beta of 1.04. Ken Fisher has the largest AMAT position, holding more than $500 Million of the stock.
  3. Apache Corp. (NYSE:APA): Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. APA recently traded at $95.1 and has a 0.6% dividend yield. APA gained 3.1% during the past 12 months. The stock has a market cap of $38.9 billion, P/E ratio of 9.6 and forward P/E ratio of 7.7. The stock has Total Debt / Equity ratio of 0.29 and Beta of 1.22. Cramer stated that Apache was a great company and had the best growth profile, except for maybe Chesapeake Energy Corp (NYSE:CHK). Apache is also T. Boone Pickens’ ninth largest position in his 13F portfolio. (see more of T. Boone Picken’s BP Capital’s holdings here).
  4. The Chubb Corporation (NYSE:CB): The Chubb Corp. is a large US insurance company. CB recently traded at $59.2 and has a 2.6% dividend yield. CB gained 8.4% during the past 12 months. The stock has a market cap of $16.9 billion, P/E ratio of 8.6 and forward P/E ratio of 9.7. The stock has Total Debt / Equity ratio of 0.25 and Beta of 0.49. Both Ken Griffin and Steven Cohen hold more than $40M of CB (see Steven Cohen’s top stock picks here).
  5. General Dynamics Corp. (NYSE:GD): General Dynamics Corp. is a major US defense conglomerate. GD raised its dividends from 42 cents to 47 cents last April. GD recently traded at $59 and has a 3.2% dividend yield. GD lost 1% during the past 12 months. The stock has a market cap of $21.3 billion, P/E ratio of 8.4 and forward P/E ratio of 7.7. The stock has Total Debt / Equity ratio of 0.23 and Beta of 1.25.
  6. Corning Inc. (NYSE:GLW): Corning Incorporated provides glass and ceramics products worldwide. GLW recently traded at $13.6 and has a 1.5% dividend yield. GLW lost 14.6% during the past 12 months. The stock has a market cap of $21.3 billion, P/E ratio of 6.5 and forward P/E ratio of 6.3. The stock has Total Debt / Equity ratio of 0.11 and Beta of 1.35.
  7. General Motors Company (NYSE:GM): General Motors Company is a global automaker. GM recently traded at $21.8. GM gained 0% during the past 12 months. The stock has a market cap of $32.7 billion, P/E ratio of 4.7 and forward P/E ratio of 4.6. The stock has Total Debt / Equity ratio of 0.29. As the most popular automaker loved by hedge funds, GM underperformed in 2011 and has lost 38% year to date. Jeffrey Tannenbaum’s Fir Tree had the most shares among seventy two hedge funds which owned GM in Q2. The firm increased its position by 52% to 7.7 million shares during that period.
  8. Hess Corporation (NYSE:HES): Hess Corporation is an integrated energy company. HES recently traded at $57.7 and has a 0.7% dividend yield. HES gained 6.7% during the past 12 months. The stock has a market cap of $19.6 billion, P/E ratio of 7 and forward P/E ratio of 7.5. The stock has Total Debt / Equity ratio of 0.3 and Beta of 1.13.
  9. Illinois Tool Works Inc. (NYSE:ITW): Illinois Tool Works Inc. provides industrial products and equipment worldwide. ITW recently traded at $42.5 and has a 3.4% dividend yield. ITW lost 4.6% during the past 12 months. The stock has a market cap of $20.9 billion, P/E ratio of 11.2 and forward P/E ratio of 9.7. The stock has Total Debt / Equity ratio of 0.39 and Beta of 1.12.
  10. Kohl's Corp. (NYSE:KSS): Kohl’s Corporation operates department stores in the United States. KSS recently traded at $42.6 and has a 2.4% dividend yield. KSS lost 11.1% during the past 12 months. The stock has a market cap of $12 billion, P/E ratio of 10.6 and forward P/E ratio of 8.2. The stock has Total Debt / Equity ratio of 0.24 and Beta of 0.94.
  11. Northrop Grumman Corporation (NYSE:NOC): Northrop Grumman Corporation is operating in aerospace, electronics, information systems, shipbuilding, and technical service sectors. NOC recently traded at $51.8 and has a 3.9% dividend yield. NOC gained 0.4% during the past 12 months. The stock has a market cap of $14.4 billion, P/E ratio of 8.1 and forward P/E ratio of 7.2. The stock has Total Debt / Equity ratio of 0.33 and Beta of 1.1. Jean-Marie Eveillard’s First Eagle holds more than $200M of NOC. First Eagle increased its NOC holdings by 191% during the second quarter of 2011.
  12. Progressive Corp. (NYSE:PGR): The Progressive Corporation provides specialty property-casualty insurance products and services. PGR recently traded at $18 and has a 2.2% dividend yield. PGR lost 9.5% during the past 12 months. The stock has a market cap of $11.6 billion, P/E ratio of 10.1 and forward P/E ratio of 11. The stock has Total Debt / Equity ratio of 0.31 and Beta of 0.85.
  13. Parker Hannifin Corporation (NYSE:PH): Parker Hannifin Corporation provides fluid power systems, electromechanical controls, and related components. PH recently traded at $66.4 and has a 2.2% dividend yield. PH gained 3.9% during the past 12 months. The stock has a market cap of $10.3 billion, P/E ratio of 10.5 and forward P/E ratio of 8.2. The stock has Total Debt / Equity ratio of 0.33 and Beta of 1.41.
  14. Raytheon Co. (NYSE:RTN): Raytheon Company is one of the leading defense contractors providing control and communication systems in United States. RTN recently traded at $40.6 and has a 4.2% dividend yield. RTN lost 10% during the past 12 months. The stock has a market cap of $14.4 billion, P/E ratio of 7.6 and forward P/E ratio of 7.4. The stock has Total Debt / Equity ratio of 0.35 and Beta of 0.68. Phill Gross’ Adage Capital Management had $292 million invested in RTN at the end of June.
  15. The Travelers Companies, Inc. (NYSE:TRV): The Travelers Companies is a US company providing insurance services. TRV recently traded at $48.1 and has a 3.4% dividend yield. TRV raised its annualized dividend per share from $1.20 to $1.64 in the past three years. TRV lost 1.1% during the past 12 months. The stock has a market cap of $20.2 billion, P/E ratio of 9.4 and forward P/E ratio of 8. The stock has Total Debt / Equity ratio of 0.26 and Beta of 0.64. Mason Hawkins’ Southeastern Asset Management had more than $800M in TRV at the end of June 2011.

Market data is sourced from Finviz.

Disclosure: I am long CHK.