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4 cheap stocks to buy and hold for the next decade, according to the pros

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Autozone Inc,US Bancorp,Morningstar Inc

The pros share tips for picking cheap stocks that hold long-term promise.

Many shares look expensive in today's market, but there are still cheap stocks to be found — some of which can be held for the next 10 years, according to the pros. They shared with CNBC Pro their tips for picking cheap stocks that hold long-term promise, as well as their top picks. How to pick cheap stocks Morningstar's Susan Dziubinski says she believes in owning stocks that offer "some sense of certainty" in terms of cash flow and company fundamentals.

CFRA's Stovall says the S&P 500 can go higher, but expects a correction ahead. Here are his picks to play it

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