(0:30) - How to Be a Long Term Value Investor(3:15) - Stock Screener: 5 Year Holding Period(6:50) - Tracey’s Top Stock Picks(15:25) - Slow and Steady Wins The Race(18:30) - Episode Roundup: PGR, R, EWBC, INTC, HPE Podcast@Zacks.comWelcome to Episode #100 of the Value Investor PodcastEvery week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks.Buy and hold investing and value investing have a lot in common.Both require a lot of patience.That’s why value investors, even famous ones like Warren Buffett, are often also buy and hold investors.But where do you begin to look for value stocks to hold for several years?How to Screen for Buy and Hold StocksTracey ran a screen with these three criteria to narrow the pool of stocks to something manageable.1. A P/E under 15 which is what Tracey uses to find value stocks. While 15 is the typical cut-off for value stocks it also means the stock has valuations below that of the average of the S&P 500, which is currently 18.3.2. A Zacks Rank of #1 (Strong Buy) or #2 (Buy) even though the Zacks Rank is a short-term recommendation.3. A dividend yield of 1% or higher.The screen returned 163 stocks which is just big enough to not be overwhelming.Looking through the list, Tracey pulled out 5 stocks from various industries that she considers candidates for the buy and hold strategy.5 Value Stocks to Buy and Hold for 5 Years1. The Progressive Corporation PGR is one of the largest automobile insurers in the United States. For all the talk of autonomous cars, they clearly haven’t really arrived yet. Progressive is expected to grow earnings by 60.5% in 2018. This big cap just beat on earnings again and is trading at just 13.9x.2. Ryder System, Inc. R operates in commercial transportation, logistics and supply chain. It has been under performing the S&P 500 for several years and is down 14% year-to-date. But the shares are cheap with a forward P/E of 13 and a PEG ratio of just 0.9. Investors also get a dividend yielding 2.8% for their patience.3. East West Bancorp EWBC is a rare commercial bank with business in both the US and Greater China markets. Earnings are expected to rise 35.5% in 2018 and another 8.4% in 2019. Yet the shares are trading with a forward P/E of just 13.9.4. Intel INTC may not be the king of the semiconductors any more but its still expected to grow earnings by 16.5% in 2018. Additionally, investors get an added bonus of a dividend which is currently yielding 2.3%.5. Hewlett Packard Enterprises HPE operates the cloud, storage and networking parts of the old Hewlett Packard business. It’s dirt cheap with a forward P/E of just 10.8. It’s returning $7 billion to shareholders through fiscal 2019. HPE currently pays a dividend yielding a juicy 3%.All of these companies are mid-to-large caps but the screen did include some cheap small cap stocks that pay dividends.Why aren’t they included here?Find out the answer to this question and get all of Tracey’s other advice about being a buy and hold investor on this week’s podcast.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryder System, Inc. (R): Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report East West Bancorp, Inc. (EWBC): Free Stock Analysis Report The Progressive Corporation (PGR): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research