Analysts like these stocks which are cheaper and expected to enjoy earnings growth

Though stocks have rebounded after the recent volatility, investors may want to hunt for names that are still relatively cheap. Markets around the world experienced much volatility recently. Earlier this month, Japan's stock market posted its worst drop since Wall Street's "Black Monday" in 1987, and the contagion spread to other Asia-Pacific markets, which posted severe declines. Similarly, U.S. and Europe markets fell sharply , though they have rebounded since.

stocks, but how will that affect global markets? Investors are likely to prefer Asian markets with proven earnings growth, against the backdrop of economic uncertainty from China and U.S.-China trade tensions, Citi said in an Aug. 24 note. Meanwhile, markets in Latin America are expected to improve as the Fed eases, said Citi. Stocks have underperformed this year, but it could prove to be a buying opportunity for investors who are targeting Brazil and Mexico, the bank said.

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