Equities may be trading near their record highs, but there are still opportunities to buy some stocks at bargain-basement prices.
To meet this criteria, the stocks had to have a trailing 12 month price-to-earnings ratio less than their five-year average.
Additionally, the names also had to have a forward price-to-earnings ratio for the next 12 months that was below the Nasdaq-100's current 17.6.
Here are the names that made the cut: PayPal , which has a forward price-to-earnings ratio of 12, was one name that made the list.
Also on the list of stocks was pharmaceutical maker AstraZeneca , which has a forward price-to-earnings ratio of 13.7.
Persons:
Dr Pepper, Kraft Heinz, —, Fred Imbert
Organizations:
Nasdaq, Dow Jones, CNBC Pro, PayPal, Research, Argus, AstraZeneca, Deutsche Bank, Cisco, Diamondback Energy