10 Cheapest Large-Cap Stocks

(TheStreet) -- Investors wary of a soft patch in the economy have piled into government debt, whose yields are slim. The following 10 stocks, the cheapest on the S&P 500, sell for less than seven times earnings, reflecting a deep discount. They're ordered by forward earnings multiple, from cheap to cheapest. 10. Jabil Circuit JBL sells electronic-manufacturing services, helping firms in the car, aerospace, computing and telecommunications industries. Jabil swung to a fiscal third-quarter profit of $52 million, or 24 cents a share, from a loss of $29 million, or 14 cents, a year earlier. Revenue grew 32%. Jabil's stock trades at a forward earnings multiple of 6.8 and a cash flow multiple of 9.2, 66% and 37% discounts to peer averages. Of analysts covering the stock, 13, or 81%, rate it "buy" and three rate it "hold." A median target of $20.42 implies 58% of upside. To read the rest, head over to TheStreet.com