UBS analysts say they're expecting "very weak" guidance this earnings season, which will likely serve as another overhang on the market. Regardless, the staleness of the markets hasn't fazed portfolio managers, many of whom recommend seeking out quality, undervalued stocks selling at a discount in these current conditions. As Eric Marshall, portfolio manager at Hodges Capital, tells TheStreet, "it's a lot easier to find undervalued stocks these days due to the dramatic market pullback as investors fear the economy running out of gas." Read on for Marshall's undervalued stock plays -- and those of his fellow portfolio managers.
NEW YORK ( TheStreet) -- Earnings season kicks of this week to the apprehension of investors who are still unsure of where this market is headed: the delicate economic recovery and ongoing concerns about jobs have kept the markets on edge.
United Technologies (UTX)