These companies are expected to put up vastly improved numbers for sales, earnings and cash flow over the next two years.
Last year, when the broad decline for the stock market was led by technology companies, value stocks held up relatively well. So far in 2023, tech has been on a tear, but with interest rates still rising and other factors — including a banking crisis and now an oil-supply jolt — keeping investors jittery, this may still be a good time to think about value stocks.
Below is a screen of the Russell 1000 Value Index RLV , narrowing the group of companies to 10 that analysts expect to put up big growth numbers over the next two years. Some of these may run counter to what you expect to see in a “value” index, but the list can be useful for your own investment research.The Russell 1000 index RUI is designed to capture the performance of the largest 1,000 U.S. stocks, representing about 93% of the domestic equity market.
Applying the same screen of expected growth rates for sales, earnings and free cash flow to the Russell 1000 Value Index yields a new list of 10 companies. Here’s how we ran the screen:Click on the tickers for more about each bank, including news coverage, financials and analysts’ opinions. It might surprise you to see some “growthier” names on this list, including TakeTwo Interactive Software Inc. TTWO and Block Inc. SQ .
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