| With the stock market at all-time highs, investors can look to certain relatively cheap stocks that Wall Street thinks can run higher.
CNBC PRO screened for S&P 500 stocks with a forward price-to-earnings ratio lower than their three-year average. The ratio compares a stock's price against the company's earnings estimates for the next 12 months. It's a metric used on Wall Street to gauge a stock's value.
See the top cheap stock picks Wall Street thinks can go higher with a membership to CNBC Pro.
Here are the top CNBC Pro stories today you can read with a membership!
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MON, AUGUST 09 2021  Why join CNBC Pro? CNBC Pro helps investors make smarter investment decisions with actionable investing ideas including stock picks and analyst calls from leading Wall Street professionals, analysis of markets and economic trends by leading professionals including Michael Santoli, and exclusive access to in-depth investing trends and long-term wealth growth ideas with CNBC's Pro Talks and CNBC Business TV. 
 
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