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This week’s Zacks Rank #1 (Strong Buy) value stocks are cheap compared to the S&P 500.

Tyson Foods (TSN - Analyst Report), the food processing giant, is expected to grow earnings by 23% in 2014. It trades with a forward P/E of just 12.5.

D.R. Horton (DHI - Analyst Report), the largest homebuilder in the United States, just reported a strong 2014 first quarter. Revenue rose 33%. For the year, the value of the backlog grew 20% compared to 2012. D.R. Horton has a forward P/E of only 13.5.