Stocks of interest !

These stocks are at reasonable valuations considering the valuation and  their overall growth potential. It's very risky to bet on one single stock unless we have a solid understanding of the economics of the business, competition regulation and various other factors that could have an impact on that business.

GE                                          Transocean  
Devon energy                          US Bancorp
Wells Fargo                            Emerson electric   
Eaton Corp                             Goldman Sachs
Morgan Stanley                       JP Morgan 
Citi                                         US steel 
HP                                         Mircosoft 
Cisco                                     GAP
Aeropostale                           Nucor Steel
Dover                                    Honeywell
Clorox                                   Kimberly Clark

Stock ADRs

Gerdau Steel                          Posco Steel
ICICI bank                            Vale
Infosys                                   Ternium

Oil / offshore drilling
Deep water drilling and exploration spending to grow by double digit percentage in next 5 years. US oil spending was 4.8 % of GDP in 2008, highest since 1982. Average was 2.1% of gdp over the past 20 years. $100/barrel would equate to 4.6% of gdp.

Rail roads:
Average annual US spending on freight movement is roughly $500B and of this over $300B is between cities. Rails account for just 13% of the share and is projected to grow.  The companies that would benefit from this trend are
Union Pacific
Norfolk Southern
CSX