When you consider that PRU is selling for less than book value and that its last quarter revenue growth was a stellar year-over-year 293% increase, the following one-year price chart looks very promising. PRU Chart PRU data by YCharts

Another sector that is looking undervalued is technology. When an investor looks at legacy companies like Microsoft ( MSFT) with its nearly 3.3% dividend and trading at just nine times forward earnings, one could envision a one-year total return of 25 to 30%.

MSFT will report its current quarterly earnings on April 18, less than a month from now. Did you know the analysts' consensus average earnings estimate is anticipating an EPS increase of around 28%? The same group of around 30 analysts expect sales growth and revenue to increase by over 19%.

As the one-year chart suggests, there is plenty of upside potential for Microsoft's share price. If it was to exceed the analysts' estimates then we may see a prettier picture than the one below. MSFT Chart MSFT data by YCharts

Yet another technology company that could be investors "next PG" is also a Nasdaq 100 stock that short-sellers like to short. KLA-Tencor ( KLAC) designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries.

KLAC also serves the light emitting diode (LED), data storage and photovoltaic industries, as well as cutting-edge materials research for the microprocessor industry. It pays a sustainable (37% payout ratio) dividend of 3.12% based on a share price of $51.35. A quick and unexpected market correction may see KLAC's stock price temporarily drop below $49, which would increase the yield-to-price.

The following one-year chart illustrates how far this productive company has rebounded. Over the past few weeks the share price has been correcting, making for favorable buying conditions. KLAC Chart KLAC data by YCharts

This major player in the semiconductor industry had, as of the end of 2012, $2.58 billion in total cash and operating cash flow (TTM) of over $858 billion. KLAC management guided conservatively for 2013 and if it can surprise to the upside on revenues and EPS (as it did three out of four quarters in 2012) the stock may surge. This would be accelerated by the potential of a short-covering squeeze.

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