Barron's Likes These 15 Cheap Stocks

With the stock market hitting new record highs, finding cheap stocks for the long-run has been difficult. Barron's over the weekend identified 15 large-cap stocks that investors should look at for long-term investments.

Low Price-to-Earnings

Barron's identified 15 cheap stocks by looking for stocks within the S&P 500 trading with forward 2014 P/E ratios below 10. The market average is about 15 times earnings.

They also note that 11 of the 15 stocks pay dividends with yields greater than 2 percent while 2 of the other stocks could raise dividends in the near future to reach this key level.