These Cheap Stocks Are Worth a Look: Pros

Six stocks in the Dow Jones Industrial Average are priced at less than 10 times forward P/E, but only some are worth considering, "Fast Money " pros said Monday on CBNC.

"I can't see why anyone wouldn't make CVX part of their portfolio, " said Josh Brown, adding that the company was a smart way to get exposure to the energy market. "These are your chances to buy on dips."

The six stocks that meet the valuation criteria are Hewlett-Packard , JPMorgan, Caterpillar, Microsoft, Chevron and Cisco .

Brown said that he also liked FedEx and Nike on valuation.

Mike Murphy of Rosecliff Capital said he liked Caterpillar.

"I think you get a good bang for your buck, " he said, adding that it was a bet that mining would make a recovery.

"I think that's pretty easy, " he said.

Stephanie Link of said she was sticking with JPMorgan, pointing out that its businesses were still strong.

"I thought that the reaction on Friday was ridiculous, " she added.

Trader disclosure: On Oct. 15, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long WFM; Joe Terranova is long SBUX; Joe Terranova is long NFLX; Joe Terranova is long SWN; Joe Terranova is long TRV; Joe Terranova is long VZ; Joe Terranova is long XOM; Joe Terranova is long CVX; Joe Terranova is long COP; Joe Terranova is long GLW; Joe Terranova is long EMC; Joe Terranova is long SU; Joe Terranova is long CSTR; Joe Terranova is long CHKP; Joe Terranova is long NXPI; Joe Terranova is short Dec Mini S&P Futures; Josh Brown is long JPM; Josh Brown is long WFC; Josh Brown is long GDX; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long XLF; Josh Brown is long WMT; Josh Brown is long TGT; Mike Murphy is long AAPL; Mike Murphy is long WFC; Mike Murphy is long ANR; Mike Murphy is long S; Mike Murphy is long TWI; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long SBUX; Stephanie Link is long CVX; Stephanie Link is long SWN;

For Anton Schutz
Anton Schutz is funds long C
Anton Schutz is funds long GS
Anton Schutz is funds long MS
Anton Schutz is funds long BAC.

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