Want More Value in Your Portfolio? Try These Stocks - TheStreet

It's not easy finding value in the market, but those discount shoppers seeking a bargain should check out Morgan Stanley (MS) - Get Report , Apache (APA) - Get Report and Mosaic (MOS) - Get Report , said Tom Bastian, senior portfolio manager at Invesco (IVZ) - Get Report .

Shares of Morgan Stanley are down 1% year to date, lagging the S&P 500 along with the rest of the financial sector as a result of the low-interest rate, low IPO, high regulation environment. Still, the investment bank, now concentrating more on asset management, has returned more than its Wall Street rival Goldman Sachs, which has seen its shares fall 10% this year.

"James Gorman is doing a fantastic job transforming Morgan Stanley into a wealth management-oriented company with highly predictable earnings streams," said Bastian.

Bastian is also bullish on Apache, which has seen its shares surge 34% year to date after the drop in oil prices dragged them down in 2014 and 2015. The stock was helped earlier this month by the discovery of at least two billion barrels of oil in a new west Texas field that has the promise to become one of the biggest energy finds of the past decade. The discovery, which Apache is calling "Alpine High," could be worth $8 billion by conservative estimates, or even 10 times more, according to the company.

"The new management team at Apache has totally transformed the portfolio and there is no better evidence of that than the West Texas find," said Bastian.

Finally, Bastian is positive on Mosaic, which is down 13% thus far in 2016. Profits at fertilizer producers have dropped due to falling prices, due in part to weak currencies in importing areas such as Brazil and excessive supplies.

"Mosaic is attractively valued at these levels and the supply side is being addressed by mines being shuttered and the consolidation in the industry," said Bastian.