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Heller: Washington Is Watching Out For the People

Stocks in this article: KLIC AVX SUP BHE TECD

So, today should be an interesting one in market land. I'd expect there to be some swings depending on the rhetoric coming out of Washington, and whether talk of a Fitch downgrade intensifies. This could actually be the day to deploy some dry powder, especially if the market shows any signs of nerves. That's certainly not the case pre-market, with futures up as I write this.

In the event of some intraday volatility, I'll be looking in deep value land, where sell-offs typically hit such stocks harder. I'll be keeping an eye on the "double nets", companies trading between one and two times net current asset value, that are on my radar. Companies like cash-rich Kulicke and Soffa (KLIC - Get Report), which is up 8% this week on the back of a Barron's article touting it, Benchmark Electronics (BHE - Get Report), AVX (AVX - Get Report), Tech Data (TECD) and Superior Industries (SUP - Get Report) to name a handful.

KLIC Chart KLIC data by YCharts

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Jonathan Heller, CFA, is president of KEJ Financial Advisors, his fee-only financial planning company. Jon spent 17 years at Bloomberg Financial Markets in various roles, from 1989 until 2005. He ran Bloomberg's Equity Fundamental Research Department from 1994 until 1998, when he assumed responsibility for Bloomberg's Equity Data Research Department. In 2001, he joined Bloomberg's Publishing group as senior markets editor and writer for Bloomberg Personal Finance Magazine, and an associate editor and contributor for Bloomberg Markets Magazine. In 2005, he joined SEI Investments as director of investment communications within SEI's Investment Management Unit.

Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder.

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