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Analysts Share Their Low Forward P/E Picks

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On CNBC's Trading Nation, Boris Schlossberg of BK Asset Management and Jonathan Krinsky of MKM Partners shared their view on five stocks that have low forward price to earnings.

Endo International plc - Ordinary Shares (NASDAQ: ENDP), General Motors Company (NYSE: GM), Gilead Sciences, Inc. (NASDAQ: GILD), Mylan NV (NASDAQ: MYL) and Delta Air Lines, Inc. (NYSE: DAL) have the lowest forward P/E among the S&P 500 components and Schlossberg thinks the best way to trade them is to buy a small portion of each stock and see which one can trade higher. He explained that this is a "lottery ticket" trade and it's hard to tell which stock is going to bounce.

Krinsky believes that the most of the stocks in the group are cheap for a reason and their charts are in a downtrend. General Motors is the only stock of the five that looks interesting to him. He noticed that it has recovered from its lows after forming a double bottom pattern on its chart and it is now trading close to its resistance of $32. He wants to initiate a small long position in General Motors in the anticipation of a break out above resistance. If the stock closes above the resistance, a move to $38 would be possible, thinks Krinsky.

Latest Ratings for ENDP

DateFirmActionFromTo
Jun 2019DowngradesBuyNeutral
Jun 2019Initiates Coverage OnEqual-Weight
May 2019DowngradesNeutralUnderweight

View More Analyst Ratings for ENDP
View the Latest Analyst Ratings

Posted-In: Boris Schlossberg CNBC Jonathan KrinskyAnalyst Color Analyst Ratings Media

 

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