European markets are heading for a negative open on Thursday, with sentiment subdued after U.S. Federal Reserve Chairman Jerome Powell forecast more rate hikes.
But Steven Glass, managing director and analyst at Pella Funds Management, says U.S. markets have "run too fast, too quickly."
Investors can look at cheaper stocks instead, according to Glass. Of the four stocks he named, two are "very cheap," he said.CNBC Pro: This Wall Street bank's stock is expected to double over the next year, Jefferies Shares of a Wall Street bank are forecast to more than double over the next 12 months, according to Jefferies.
Jefferies' analysts suggest that large-scale share buybacks of about $4.7 billion over the next three years could help push up the global lender's stock price.
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