FYI: Wall Street says the art of buying cheap stocks is making a comeback—for real this time.
Money managers and individual investors this month stepped up their buying of shares of banks, manufacturers and other value stocks—often defined as companies whose shares trade at a low multiple of their book value, or net worth.
The renewed interest has pushed the S&P 500 Value index up 11% over the past three months, more than double the increase of its growth counterpart. The spurt of gains has lifted the value index ahead of the S&P 500 Growth index for 2019 and put it on pace for its strongest year since 2013.
Regards,
Ted
https://www.wsj.com/articles/value-stocks-are-back-in-vogue-for-now-11574073000
