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These 2 Stocks Undervalued by Market: Pro

If you’re looking to put money to work in the market right now, Bill Greiner, CIO of Mariner Wealth Advisors has two names for you.

Greiner is somewhat bearish in the near-term. “Over the next few months, we expect some weakness in the market driven by a slowing economic momentum in the US and continued problems in Europe and China,” he says on Fast Money's Halftime Report.

However, Greiner also expects strength later in the year. As a result he suggests the following as value plays, that is, stocks that are currently undervalued and should advance.

Murphy Oil

“It's a good high quality company," he says. "Murphy has a very un-levered balance sheet and good, solid prospects going forward. This is the kind of name that at 7 times earnings looks cheap. They have two tough quarters in front of them but by Q4 earnings flow should move to the upside in double digit formation,” he says.


Aflac

“At 6.7 times earnings Aflac is just too inexpensive,” he says. “And I expect we see decent volumes coming out of Japan, their home market."

Posted by CNBC's Lee Brodie

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Trader disclosure: On July 5, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Josh Brown is long XBI; Josh Brown is long JPM; Josh Brown is long COP; Josh Brown is long AAPL; Stephanie Link is long JPM; Stephanie Link is long DD; Stephanie Link is long TJX; Stephanie Link is long DVN; Simon Baker is long AKS; Simon Baker is long GLD; Simon Baker is long WFC; Simon Baker is long JCP; Simon Baker is long GLW

For Jason Raznick
Jason Raznick is long AAPL
Jason Raznick is long MSFT

For Paul Richards
Nothing to Disclose

For Dennis Gartman
Dennis Gartman is long Corn

For Brian White
No part of the compensation received by the analyst principally
responsible for the preparation of this report was, is, or will be directly, or indirectly, related to the specific recommendations or views contained in this research report.

For Dan Greenhaus
Dan Greenhaus is long GLD


CNBC.com with wires.

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