on the tailend of a down year there are some stocks that might be cheaper than they should be the s  p 500 ended 2022 down 194 as investors grew increasingly skittish with the federal reserve raising interest rates and the rising concern of an incoming recession that has led to a down year for the majority of stocks and all but one of the 11 sectors in the broad index but this sharp decline could present a buying opportunity as some stocks are set to rally with this in mind cnbc pro used factset to screen for stocks viewed as cheap right now by finding those that met the following metrics a forward pricetoearnings ratio which looks at estimated earnings for the next 12 months of less than 10 earnings per share growth expectations of 10 or more upside to the stocks consensus price target of 10 or more these 11 names made the list signature bank is expected to rally the most by the average analyst with an implied upside of 49 along with pultegroup  it also has the lowest forward pricetoearnings ratio among the names on the list at 62 times speaking at a financial services conference in december eric howell chief operating officer at signature bank said that the bank is planning to exit 8 billion to 10 billion in deposits tied to cryptocurrencies according to a transcript from factset the news arrived as concerns grew over digital currency following the collapse of ftx  janney montgomery scott maintained its buy rating on the banks shares but reduced pershare earnings estimates for the fourth quarter of 2022 as well as for 2023 and 2024 decision to meaningfully reduce digital asset deposit exposure  slow asset growth constrains forward eps wrote analyst jake civiello in a december note signature banks stock was down 174 in december and off by about 644 in 2022 media company fox also made the list as the average analyst anticipates it could gain nearly 23 in the next 12 months the stock ended 2022 down 177 news corp announced in october that a special committee was formed to review a potential reunion with fox which are both owned by rupert murdoch news corp owns dow jones a business unit that contains brands such as barrons and the wall street journal the committee said in early december that no decision has been made further down the list united rentals has a pricetoearnings ratio of 96 the company completed its 2 billion acquisition of ahern rentals earlier this month the average analyst expects the stock to rally 17 in the next year it gained 69 in 2022 other names that made the cut include ford  charter communications  global payments and eog resources  cnbcs chris hayes contributed to this report