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UBS: Buy these 10 undervalued stocks to cash in on market volatility

Wall StreetTraders react to the Supreme Court’s decision at the post that trades WellPoint on the floor of the New York Stock Exchange, June 28, 2012.REUTERS/Brendan McDermidMarkets are surging back this week, but there’s still plenty of money to be made from last week’s rout.

UBS has issued clients a list of stocks which fell in value and offer big returns as a result.

All of the stocks listed declined 5% or more during the sell-off, meaning their price-to-earnings forecast for the next 12 months has ticked up.

The next 12 months price-to-earnings (NTM P/E) forecast is calculated by dividing a current stock’s price by its forecast earnings over the next year.

So if the stock price for Amazon was $100 and its predicted earnings per share (EPS) was $30, the NTM P/E would be 30.

Here are 10 UBS bargain stock picks, ranked according to the size of their NTM P/E.


10. ResMed Inc

10. ResMed Inc

Investing.com

Ticker: RMD

Industry: Healthcare

Performance since 26 January: -11.4%

Next twelve months P/E: 26.8x

9. Adobe Systems

9. Adobe Systems

Investing.com

Ticker: ADB

Industry: Technology

Performance since 26 January: -6.6%

Next twelve months P/E: 30.1x

8. Occidental Petroleum

8. Occidental Petroleum

Investing.com

Ticker: OXY

Industry: Energy

Performance since 26 January: -11.7%

Next twelve months P/E: 30.8x

7. Brown Forman Corporation Class B

7. Brown Forman Corporation Class B

Investing.com

Ticker: BF.b

Industry: Consumer staples

Performance since 26 January: -6.1%

Next twelve months P/E: 31.3x

6. EOG Resources

6. EOG Resources

Investing.com

Ticker: EOG

Industry: Energy

Performance since 26 January: -15.0%

Next twelve months P/E: 33.1x

5. Monster Beverage Corp

5. Monster Beverage Corp

Investing.com

Ticker: MNST

Industry: Consumer staples

Performance since 26 January: -8.7%

Next twelve months P/E: 35.8x

4. Red Hat

4. Red Hat

Investing.com

Ticker: RHT

Industry: Technology

Performance since 26 January: -6.2%

Next twelve months P/E: 39.1x

3. Illumina

3. Illumina

Investing.com

Ticker: RMD

Industry: Healthcare

Performance since 26 January: -11.4%

Next twelve months P/E: 47.4x

2. Align Technology

2. Align Technology

Investing.com

Ticker: ALGN

Industry: Healthcare

Performance since 26 January: -19.2%

Next twelve months P/E: 50.7x

1. Netflix

1. Netflix

Investing.com

Ticker: NFLX

Industry: Consumer discretionary

Performance since 26 January: -9.2%

Next twelve months P/E: 90.5x

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