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Looking for the best value stocks? Tracey Ryniec, Stock Strategist at Zacks Investment Research, discusses two stocks that might be worth a closer look by value investors: American Eagle Outfitters (AEO- Analyst Report) and Express Inc. (EXPR – Snapshot Report).

Both companies have forward P/Es well below the average of the S&P 500, which is still a sky-high 18.3. They also are in favor with analysts, as 2015 and 2016 earnings estimates have been moving higher. Earnings are expected to rise 70% this year for both companies.

The holiday season is expected to be a strong one for both companies. Inventories are low so they are doing less promotions. That will keep margins up.

But what else should investors take away from these two Rank Buy companies?