Although the stock market has rebounded after recent volatility, investors may want to look for stocks that are still relatively cheap. Global markets have experienced significant volatility recently. Earlier this month, Japanese stocks suffered their worst decline since Wall Street's “Black Monday” in 1987, spreading to other Asia-Pacific markets, which all suffered severe losses. Likewise, U.S. and European markets also fell sharply but later rebounded. However, many stocks remain attractively valued relative to their industries. Investors are also paying attention to the expected rate cut cycle by the Federal Reserve, which will be beneficial to the U.S. stock market, but how will this affect global markets? Citigroup said in a report on August 24 that against the backdrop of China's economic uncertainty and Sino-US trade tensions, investors may prefer Asian markets where profit growth has been proven. At the same time, Citi said Latin American markets are expected to improve with the Federal Reserve's easing policies. The bank said stocks have underperformed this year but could be a buying opportunity for investors targeting Brazil and Mexico. Against this backdrop, CNBC Pro sifted through FactSet, looking for global stocks that are priced below industry averages and are expected to post positive earnings growth going forward. We use the following criteria: Market capitalization above $1 billion EPS growth over the next 12 months greater than zero Percent change in sales and EPS over the past four quarters greater than zero P/E ratio below the stock's sector average These stocks are up .