The large recent market drop was a worldwide event. It even affected the so-called BRIC stocks, those that have exposure to Brazil, Russia, India and China -- economies that offer a lot of future growth potential.

Stockpickr has reviewed the list of BRIC stocks and sorted out several that have relatively low price-to-earnings ( P/E) ratios and/or P/E-to-growth ( PEG) ratios in the Top BRIC Stocks portfolio.

Companhia Vale do Rio Doce ( RIO) is a Brazil-based mining company that produces nickel, copper, platinum, gold, silver and coal worldwide. Vale last week confirmed it's in talks for a possible takeover of Switzerland-based rival Xstrata. Vale stock has a P/E ratio of 13, a PEG of 0.4 and a yield of 1.2%.

The stock is owned by top hedge fund trader George Soros, who also holds another BRIC stock, Icici Bank ( IBN). This India-based stock offers a PEG of 1.4.

Vimpel-Communications ( VIP) is the Moscow-based wireless telecommunications company that operates in Russia, Kazakhstan, Ukraine, Uzbekistan and Tajikistan. It just launched a cash tender offer for all outstanding shares of Golden Telecom ( GLDN), another Moscow-based telecom. VimpelCom has a P/E of 26, a PEG of 0.9 and a small yield of 0.8%.

VimpelCom stock is owned by Standard Pacific Capital, a $3 billion San Francisco-based hedge fund that also owns a stake in another BRIC stock, TAM ( TAM). This Brazil-based airline has a trailing P/E of 34 and a yield of 2.2%.

Aluminum Corp. of China ( ACH) is a Beijing-based producer of alumina and primary aluminum. A couple of weeks ago, the company reported that its 2007 revenue increased by 24%. The stock has a P/E of 3 and pays a yield of 2.2%.

Aluminum Corp. of China also shows up in Top Chinese ADRs, a Stockpickr portfolio that also includes ( BIDU - Get Report), which has a trailing P/E of 136 and a PEG of 2.1.

Tata Motors ( TTM) is an India-based manufacturer of cars, trucks, buses and other vehicles that is trying to get control of the Jaguar and Land Rover brands. The stock has a P/E of 13 and a yield of 2.1%.

Tata also shows up in Fast Money's Foreign Growth Stock Plays, a Stockpickr portfolio that also lists Petroleo Brasileiro ( PBR - Get Report), a Brazilian oil and gas company with a P/E of 19 and a yield of 0.4%.

For more stock ideas, check out the Top BRIC Stocks at

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email. has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from