If you're looking to buy low, Oakmark Fund Portfolio Manager Bill Nygren says there's no time like the present.
"At Oakmark we try to look 5 years in the future and if you share that time horizon, stocks that investors are currently shunning offer a lot of value,". Nygren said on CNBC's Fast Money Halftime Report.
And many of these stocks are in the financial and technology sectors.
"Although growth is slowing – companies like Apple, Dell,Intel, and Texas Instruments are all selling at less than 10 times earnings," he said.
"And a lot of their yields are over 3%. And they're buying back stock. They don't need to have good growth rates."
In the financials, Nygren is bullish onJPMorgan, Capital One and especiallyBank of America.
"BofA has a book value that's a little over $20/share and we think they can earn 10% on that book within a couple years. And we think much of that $2/share will be coming back to shareholders."
Nygren also said that many stocks in the industrials sector are equally attractive -- as a value investor valuation drives all of his investments.
Top trader Stephen Weiss added a word of caution. Although a stock is cheap and therefore a value - it's important to remember it may not be a bargain.
Posted by CNBC's Lee Brodie
Got something to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to firstname.lastname@example.org.
Trader disclosure: On November 14, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long AAPL; Jon Najarian is long CSCO; Jon Najarian is long FB; Jon Najarian is long VOD; Jon Najarian is long RHT; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is short puts in GLD; Jon Najarian is short puts in SLV; Jon Najarian is short puts in AGQ; Steve Weiss is long BAC; Steve Weiss is long C; Steve Weiss is long JPM; Steve Weiss is long AIG; Steve Weiss is long QCOM; Pete Najarian is long AAPL; Pete Najarian is long SBUX; Pete Najarian is long INTC CALLS; Pete Najarian is long FB; Pete Najarian is long MSFT; Dennis Gartman is long AUD; Dennis Gartman is long GOLD; Dennis Gartman is short YEN
CNBC.com with wires.