10 undervalued stocks despite some of them around record highs

A trader works on the floor of the New York Stock Exchange

Michael Nagle | Bloomberg | Getty Images

With the S&P 500 on Friday closing above 5,000 for the first time ever, recognizing the winners this year has not been difficult. But what about the ones that are still cheap — or less expensive — on a valuation basis? Those are not as easy to spot.

We screened the 32 stocks in our portfolio late Monday and identified 10 that are undervalued based on traditional market metrics following their latest quarterly earnings reports. (The market was under heavy pressure Tuesday after a hotter-than-expected consumer price index.)

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