UBS: Buy these 10 undervalued stocks to cash in on market volatility
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REUTERS/Brendan McDermid
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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.
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Here are 10 UBS bargain stock picks, ranked according to the size of their NTM P/E.
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