Don’t Miss These Deals Left Behind by the Rising Market: Ford Motor Company (F), Corning Incorporated (GLW) and More

An attractively valued play for the recovery of the auto industry

Another stock that appears to be on the cheap side is Ford Motor Company (NYSE:F). The automaker has dropped in the last couple of days after an earnings report in which the company saw a 54% increase in operating income for the fourth quarter. Why all the bearishness? Europe seems to still be a problem, and the company saw a bigger than expected loss in the region. Still, selling off a good company that is extremely profitable overall is a little over-dramatic, especially after said company recently decided to double their dividend payout.

Investing in oil and natural gas at a discount

ConocoPhillips (NYSE:COP) also looks attractive at current valuations. The oil and gas company trades at a forward P/E ratio of 10.6, with a trailing P/E of only 7.5, which is a discount to peers such as ExxonMobil and Chevron Corporation (NYSE:CVX). Conoco also trumps its peers in the dividend category, offering investors an inflation beating 4.3% yield. The company also trades closer to its 52-week low than its high of $78.29. After spinning off its refining, chemical and transport businesses, the company has become more of a pure upstream company, and may be effected negatively if oil prices drop.

The bottom line

There are still deals left in the market, and usually even in an “overbought” market- investors just have to look. This list is meant to be more of a starting point for more research than a recommendation to buy certain stocks, but the above companies look very attractively priced at current levels. Finding solid companies at attractive valuations allows investors to worry less about the overall market and more on their long-term portfolio holdings. To leave off with another quote from the legendary Ben Graham:

“The individual investor should act consistently as an investor and not as a speculator. This means that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money’s worth for his purchase.”

A wonderful company that can be bought at attractive levels is a wonderful company at an attractive level in almost any market condition.

All financial data was obtained from Yahoo Finance.

The article Don’t Miss These Deals Left Behind by the Rising Market originally appeared on Fool.com and is written by Joseph Harry.

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