As the market sell-off continues amid the ongoing conflict in Ukraine, Wolfe Research thinks it's driven some stocks to be deep values. Rising tensions in Ukraine coupled with supply chain disruptions have sent the market into a frenzy in recent weeks, while oil and commodity prices have spiked near multi-year highs. Meanwhile, a widespread market sell-off has hit many major sectors as investors weigh the fallout. Amid the chaos, the research firm sent a basket of deep value stocks Wednesday to clients looking to play the bargain market. It included companies with low price-to-earnings ratios, high dividend yields, and low debt. Here are some of the companies that made the list: Wolfe's list includes stocks across industries, including technology, real estate and consumer goods. Most surprisingly, energy companies like Exxon , Chevron , and Valero , which have seen their stocks climb also made the cut. Their stocks are up roughly 9%, 19% and 8% this month, respectively, but are still deeply undervalued based on their fundamentals, Wolfe believes. Chipmaker Intel , whose stock is down 3% this month and 10% since the start of the year, also made the cut. The company is grappling with an ongoing global chip shortage that has hard-hit the auto and consumer supplies industries. The crisis has forced automakers including Ford to cut production of its F-150 and Bronco . Now, the automaker, which also made Wolfe's list, faces further complications amid the conflict in Ukraine. Its stock is down more than 8% this month and 22% since the start of the year.
Intel Foundry Services will manufacture multiple chips for MediaTek for a range of smart edge devices, the two companies said on Monday.
Fabian Bimmer | Reuters
As the market sell-off continues amid the ongoing conflict in Ukraine, Wolfe Research thinks it's driven some stocks to be deep values.