With the S&P 500 (^GSPC) hanging out right around that psychologically meaningful 2,000 mark, investors may be wondering if they can still find some bargains. According to Matt Krantz, markets reporter for USA Today, the answer is yes. They can find 11 to be exact.
In a USA Today analysis of data, Krantz found 11 stocks trading below the market’s valuation, that are rated “outperform” or “buy” by Wall Street analysts and that have 18-month price targets that are at least 15% more than current levels. That was his criteria for a bargain.
"Airlines are on fire," Krantz says in talking about Delta. "Analysts love what they see, and the next time you try to book a ticket you'll see why. The planes are full and the fares are up. That's a perfect combination for profit." And Krantz says Delta is the analyst favorite.
GameStop "was supposed to be hurting -- we're all supposed to be playing whatever game it is of the month on our cell phones," He says. But Krantz explains that new gaming consoles have potential to reinvigorate this GameStop business, and analysts are just starting to warm-up to that potential and reverse their negative opinions on the stock.
Krantz describes Viacom as a huge winner until recently. It's become "depressed," but he says there are some opportunities there especially if they catch up with Disney (DIS). Krantz says Ford, meanwhile, is a "darling of analysts" when it comes to autos, with excitement around the car-makers new F150 truck made of aluminum coming out.
In general, as the market rises, these finds could be a good reminder of this: "As the market gets more expensive, there's a good reason to be cautious ... and watch valuations. But just because the whole market is more expensive, doesn't mean that every single stock is more expensive."
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