Barron's Stocks That Represent A Huge Buying Opportunity
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Date updated:01-19-2008

The good news is that barring a deep recession or financial catastrophe, stocks could be approaching a huge buying opportunity. With the Standard & Poor's 500 index down 9.8% this year, to 1325, the index now trades for little more than 13 times projected 2008 operating earnings. That's one of the lowest price/earnings ratios in the past decade. At the market low in 2002, the S&P traded at 15 times forward earnings.

symbol name last price % change open
  • +
  • M
    Macy's Inc
  • $11.69
  • +0.26%
  • $11.69

Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

People owning M also tend to own: CSCOJCPKSSTGTCOHDWAKTC

TheStreet.com Rating: C What is this?

  • +
  • JCP
    Penney J C Co Hol
  • $22.50
  • +4.55%
  • $21.79

Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

People owning JCP also tend to own: AAPLADBEBBYCMCSAGOOGMDTORCL

TheStreet.com Rating: C What is this?

  • +
  • SHLD
    Sears Holdings Co
  • $42.54
  • +2.95%
  • $41.77

Wall Street could get some help from Washington. Congress and President Bush are rushing to produce an economic stimulus package that could total $150 billion, including tax rebates that may put cash into consumer pockets this spring. That could help beleaguered retailers like Macy's (M), J.C. Penney (JCP) and Sears Holdings (SHLD).

People owning SHLD also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: D+ What is this?

  • +
  • CB
    Chubb Cp The
  • $48.86
  • -2.42%
  • $48.42

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning CB also tend to own: ASHATGBACMNINFBNIPGR

TheStreet.com Rating: B What is this?

  • +
  • ALL
    Allstate Cp
  • $31.94
  • -1.93%
  • $31.93

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning ALL also tend to own: CHICCOPCRHDIIB.PKDVNESVGMK

TheStreet.com Rating: C What is this?

  • +
  • TSO
    Tesoro Corp
  • $14.70
  • +2.30%
  • $14.64

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning TSO also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: D+ What is this?

  • +
  • SUN
    Sunoco Inc
  • $44.14
  • -2.00%
  • $45.67

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning SUN also tend to own: AIGACNRYLDVNMPETOIHBC

TheStreet.com Rating: C What is this?

  • +
  • LEH
    Leh
  • $0.00
  • N/A
  • $N/A

There were more than 50 stocks last week within the S&P 500 trading below 10 times forward earnings, including insurers Chubb (CB) andAllstate (ALL), oil refiners Tesoro (TSO) andSunoco (SUN), retailers J.C. Penney and Macy's, and many major securities firms, including Lehman Brothers (LEH) and Morgan Stanley (MS).

People owning LEH also tend to own: CMECVSDELLEBAYGEGSMCO

TheStreet.com Rating: D What is this?

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