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Stocks remain cheap after the recent stock market correction but what about cheap stocks that also have earnings growth?That’s a rare combination.Or is it?

Screening for Classic Value Stocks
Tracey ran a screen that is on Zacks “Basic” screens called “Classic Value Stocks with Growth.” Sounds simple, right?It looks for stocks with high historical 5-year earnings growth, strong growth for this year, and the classic value fundamentals of a low P/E, PEG, P/S, and P/B ratios.This screen does not include the Zacks Rank, however. It’s one of Zacks’ free basic screens available to anyone.Running this screen, it produced 54 stocks. That’s a lot of cheap stocks. Obviously, some may be Zacks Strong Sells. But Tracey pulled out 5 to take a closer look and none of those 5 were Strong Sells.Coincidence?

5 Classic Value Stocks That Also Have Growth
1.       Wells Fargo & Co. (WFC – Free Report)Wells Fargo is a big, cheap national bank. It has a forward P/E of 7.8. But bank investors often look to P/B ratios to determine cheapness. You buy at a P/B ratio at 1.0 and sell at 2.0.Wells Fargo has a P/B ratio of just 0.9. It also pays a dividend, currently yielding 3.4%.Wells Fargo is a Zacks Rank #2 (Buy) stock. Should it be on your short list?2.       Toll Brothers, Inc. (TOL – Free Report)Toll Brothers is a luxury homebuilder. Even though shares are up 57% year-to-date, it’s still a cheap stock.Toll Brothers trades with a forward P/E of just 6.6 and a PEG ratio of 0.7. A PEG under 1.0 indicates a company has both value and growth. It’s a Zacks Rank #2 (Buy) stock.Is it time to consider a homebuilder like Toll Brothers?3.       Skechers U.S.A., Inc. (SKX – Free Report)Skechers is a global shoe and accessory retailer. It was the most expensive stock on the screen by P/E ratio. It trades with a forward P/E of 14.6. But Skechers also has a P/S ratio under 1.0 at 0.98. A P/S ratio under 1.0 indicates a company is undervalued.Shares of Skechers are up 18.3% year-to-date. It’s a Zacks Rank #2 (Buy).Should investors trust in a retailer like Skechers heading into 2024?4.       JD.com, Inc. (JD – Free Report)JD.com is a supply chain-based technology and services provider in China. Shares of JD.com have sunk this year, falling 54.1% to multi-year lows. The stock is very cheap.JD.com trades with a forward PE of 9.1. It also has a low P/S ratio of just 0.2.Yet, JD.com is still a Zacks Rank #3 (Hold).Should some of the Chinese companies, like JD.com, be on your short list?5.       PagSeguro Digital Ltd. (PAGS – Free Report)PagSeguro operates PagBank in Brazil, which has two business units: Merchant Acquiring and Financial Services. It will report third quarter earnings on Nov 16, 2023, after the market closes.Shares of PagSeguro are down 15.1% year-to-date. It’s very cheap, with a forward P/E of just 7.4. It also has a P/S ratio of 0.8.PagSeguro is a Zacks Rank #3 (Hold).Should investors look outside of the United States for their cheap stocks?Running Length: 00:36:27More By This Author:Bull Of The Day: Deckers Brands
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