Stocks are expensive around the world and those high valuations makes them vulnerable to bad news. That's why investors should opt for true value propositions like Oracle (ORCL) , CIT Group (CIT) and Hyundai Motor, says Greg Kolb, CIO for Perkins Investment Management. Oracle may recently have missed Wall Street's first quarter sales and earnings estimates, nevertheless, Kolb remains bullish, saying the world's largest database software company is deeply entrenched within customers with roughly 70% of profits coming from maintenance cash flows. Kolb is also positive on CIT Group, which has seen its shares drop 9% thus far in 2016. In Kolb's view, the specialty lender and U.S. regional bank is trading at a relatively inexpensive ten times forward earnings and 75% of tangible book value. Finally, Kolb is a fan of Korea's Hyundai Motor. Now a top five global auto company, Hyundai's brands were highly ranked in J.D. Power quality survey with Kia grabbing the top spot. He also likes the company's cautious approach to expansion with almost 100% factory utilization and it's higher than average margins.
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