This year's tumble in stocks has led many on Wall Street to look at a previously underappreciated part of the market: value.
Value stocks are those names that typically trade at a low multiple relative to the broader market and have stable fundamentals. In recent years, investors had been shunning value names in favor of their growth counterparts — those with high growth expectations relative to the broader market. Over the past five years, the SPDR Portfolio S & P 500 Growth ETF is up 87%, while the value-oriented SPYV fund has risen just 37% in that time.
Topping the list in terms of potential upside is Dish Network , with analysts on average expecting the stock to rally nearly 78% from current levels, FactSet data show. Roughly 53% of analysts covering the stock rate it a buy. To be sure, the stock has struggled this year, dropping 40%. Another stock that made our list is News Corp . Two-thirds of analysts covering the media company rate it a buy, with the average price target implying upside of 55% from current levels.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Giants Set to Smash Profit Records Off Energy Crisis, Global HungerRussia’s war on Ukraine has been disastrous for the global poor — millions of whom are living on the brink of famine — but the chaos has been a major boon for Wall Street giants.
Read more »
Stock Market Today Live: Dow Gains Over 300 Points, U.S Stocks Snap Three Straight Weeks of LossesA broad rally in stocks helped the major U.S. indexes post weekly gains, snapping three straight weeks of losses
Read more »
Weekend festival in Chicago's Woodlawn neighborhood celebrates Black Wall StreetThe festival will showcase that history and also highlight a time when Black neighborhoods in Chicago were more self-sustaining.
Read more »
Wall Street Giants Set to Smash Profit Records Off Global Hunger, Energy Crisis'People's misery makes capitalists' superprofit.'
Read more »
Apollo vet Josh Harris launches new Wall Street firmJosh Harris, the Apollo Global Management co-founder who also owns several pro sports clubs, launched a new alternative asset management firm called 26North.
Read more »
Wall Street scores first weekly gain since mid-August By Reuters*WALL STREET SCORES FIRST WEEKLY GAIN SINCE MID-AUGUST AS BULLS FIGHT BACK - 🇺🇸🇺🇸
Read more »