Best Financial Stocks To Watch Right Now

The price-to-earnings ratio has its supporters and detractors, but this simple statistic can be an easy way for investors to gauge how cheap an average stock is on the fly. For some stocks, however, the P/E ratio is a misleading statistic -- particularly when earnings betray a poor business model. With stocks' rise this year and earnings on the upswing, however, is the P/E ratio a suitable fit in the medical device industry, particularly as many device stocks have soared in 2013?

Using data compiled by stock screening site Finviz.com, here are three of the cheapest medical device stocks in the industry as sorted by the P/E ratio. Are these picks worth your investment -- or is this simple statistic hiding lagging financials and flailing companies? Motley Fool contributor Dan Carroll tells you what you need to know about the device industry's cheapest pickings below.

Best Financial Stocks To Watch Right Now: ZipRealty Inc.(ZIPR)

ZipRealty, Inc., a residential real estate brokerage company, provides brokerage services to buyers and sellers in the United States. The company, through its Website ziprealty.com, provides access to Multiple Listing Services (MLS) home listings data, including pictures from the local MLSs; and allows consumers to receive an automatic email notification each time a property that meets their desired search criteria, is made available on the local MLSs. Its Website also offers neighborhood data, such as population, comparable home sales, average income, education level, occupation mix, cost of living, crime statistics, weather, school district information, maps, and driving directions; online images and virtual tours; schedule visits; and home offers. In addition, the company operates ZAP, a Web-based agent platform and customer relationship management system integrated to its Website. Its ZAP integrates and records consumer contact information and Website behavior, agent b ehavior, and transaction information into a common platform; and records relevant consumer behavior, such as logon frequency and times, specific homes viewed and printed, searches made by clients, requested visits to view homes, and online offers, as well as captures and stores agent activities, including agent email communications organized by clients. The company offers its services through its agents in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, and Washington, D.C. ZipRealty, Inc. was founded in 1999 and is based in Emeryville, California.

Best Financial Stocks To Watch Right Now: Mutual Federal Bcp(MFDB.OB)

Mutual Federal Bancorp, Inc. operates as the holding company for Mutual Federal Savings and Loan Association of Chicago that provides various financial services in Chicago. Its deposit products include non-interest-bearing checking accounts, passbook savings, and fixed-term certificates of deposit accounts. The company?s loan portfolio comprises residential mortgage loans, which include one to four-family fixed-rate residential mortgage loans and multifamily residential mortgage loans; loans on deposit accounts; and consumer loans. It also provides insurance brokerage services. The company was founded in 1905 and is headquartered in Chicago, Illinois.Mutual Federal Bancorp Inc operates as a subsidiary of Mutual Federal Bancorp, MHC.

10 Best Clean Energy Stocks To Own Right Now: Apollo Commercial Real Estate Finance (ARI)

Apollo Commercial Real Estate Finance, Inc., a real estate investment trust, engages in originating, acquiring, investing in, and managing performing commercial first mortgage loans, commercial mortgage-backed securities, mezzanine financings, and other commercial real estate-related debt investments in the United States. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2009 and is headquartered in New York, New York.

Best Financial Stocks To Watch Right Now: C.A. Bancorp Inc Com Npv (BKP.TO)

C.A. Bancorp Inc. is a private equity firm specializing in management buyouts, acquisitions, expansions, restructurings, refinancing, PIPE transactions of middle-market companies, and other alternative investment opportunities. It also participates in open market purchases, equity investments in private issuers, and privatization of public companies. The firm seeks to invest in industrials, real estate, infrastructure, and financial services. Within industrials, it seeks to invest in mature industrial companies with a focus on manufacturing, distribution, and service sectors. The firm�s investment in real estate includes industrial, commercial, healthcare, hospitality, and retail properties. Its infrastructure investment opportunities focus on power generation, transportation, and utilities. Within financial services the firm invests in Canadian and international financial services businesses, including asset managers and investment counselors. From time to time, the firm will seek to invest in Capital Pool Companies within the real estate, infrastructure, and other asset-rich areas. It seeks to invest in the private and public companies based in Canada. The firm�s public investments will focus on mid-market companies trading on the Toronto Stock Exchange. It typically invests between $0.5 million and $20 million in companies with enterprise values between $25 million and $200 million. The firm seeks to pursue investments that offer returns between 1.5 percent and three percent. It seeks a board seat in its portfolio companies. The firm exits its investments through sale to strategic buyers or financial investors, open market sales, normal course retirement of securities, refinancing, and public offerings. It was previously known as C.A. Bancorp Ltd. C.A. Bancorp Inc. is based in Ontario, Canada.