There are some companies that are ridiculously cheap, Finerman adds. At 2 times cash flow I’d look at Freeport McMoRan [FCX]. And RTI International Metals [RTI] trades at 1 times cash. There are even companies trading at negative value where the cash is worth more than the entire enterprise value of the company.

There are some companies that are ridiculously cheap, Finerman adds. At 2 times cash flow I’d look at Freeport McMoRan [FCX]. And RTI International Metals [RTI] trades at 1 times cash. There are even companies trading at negative value where the cash is worth more than the entire enterprise value of the company.

Ingersoll-Rand [IR] is trading at only 4 times forward earnings, adds Guy Adami. That’s not just a value, that’s absurd.

Other names Adami thinks have been unfairly punished during this sell-off include Johnson & Johnson [JNJ] Church & Dwight [CHD] and Celgene [CELG].

Other names Adami thinks have been unfairly punished during this sell-off include Johnson & Johnson [JNJ] Church & Dwight [CHD] and Celgene [CELG].

In the pharma space I also like Celegene, adds Pete Najarian. Any company that’s acquiring or developing drugs should be promising.