Some fallen angels have halos and I am confident that long-term investors will see excellent profits from purchasing high quality stocks, asserts Jim Powell, editor of Global Changes & Opportunities Report.

Apple (AAPL) is my top choice among blue chip fallen angels that have already started to recover. I believe Apple is still considerably undervalued.

The company has many innovative products in its pipeline that will be introduced over the next several years. The list most likely includes a driverless electric car.

With over $200 billion in cash and an army of talented people, Apple can achieve its goals that include providing top returns for its investors.

I continue to think the best fallen angel within the energy sector is ExxonMobil (XOM).  

With its many oil and gas operations, Exxon offers investors one-stop diversification. It has more of everything that will become increasingly profitable as energy prices recover.

A more speculative fallen angel is Volkswagen AG (VLKAY) — my top recommendation for investors who are willing to accept more risk in exchange for the potential to see exceptional profits.

VW’s software for its diesel cars was designed to deceive emissions tests. This problem is serious and costly.

However, VW has the resources to overcome its diesel problem and move on. With an ultra-low P/E of 5.7, I think bargain hunters will see excellent long-term profits.

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By Jim Powell, Editor of Global Changes & Opportunities Report