MINNEAPOLIS ( Stockpickr) -- Market participants like to try to explain directional moves in stocks. Whether up or down, there always seems to be a reason for the move. Often the reason is simply encapsulated in a major headline.For example, strong economic numbers such as employment data are often given as a reason for stocks moving higher. Or when stocks move lower, some fear-based event, such as higher inflation or a terror event or some other crisis, is usually given to explain the move. In my opinion, sensational headlines miss the mark in explaining a stock's move. The main reason a stock moves up or down is related to its valuation and often has nothing to do outside events. But for some reason, valuation is usually far down on the list explaining stock moves. Related: 5 Trades to Beat the Market This Week In the current market, I am finding it more and more difficult to identify stocks that I deem to be cheap and therefore attractive to buy. That has everything to do with valuation and nothing to do with headlines. As a trained fundamental stock analyst, I let the numbers tell me the story. For now, many stocks in my universe trade for high multiples of earnings, sales and book value. Compare those values with expected earnings and revenue growth rates and the story is a bit sobering. Despite the challenges of finding bargains in this market, there are always individual stories that can be exploited by astute value investors. They may be more difficult to find, but they are out there. Here are five stocks that I think are still attractively priced.