New for subscribers: These value stocks will 'catch up' to growth stocks once economy improves, Goldman says Check out CNBCPro for a free trial.
JOHANNES EISELE | AFP via Getty Images
Value investing has long gone out of style for many investors after years of underperformance, but Golman Sachs is calling a revival of this classic factor strategy after the historic coronavirus sell-off pushed the valuation dispersion to near record levels. The valuation gap between expensive and cheap stocks is now the widest on record outside of the tech bubble of 1999, according to Goldman's chief U.S. equity strategist, David Kostin. The market's highest flyers have been driving stocks' rebound, setting the stage for cheap names to take the leadership role when the economy growth starts to pick up again, Goldman said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures tick higher after Fed's Powell says economy could 'recover steadily' later this yearU.S. stock futures traded flat Sunday as investors awaited comments from Federal Reserve Chairman Jerome Powell.
Read more »
European stocks rally as data shows slowing virus growth and Fed chief expresses optimism in capabilityEuropean stocks jumped at the open, as data showed new coronavirus cases growing at the slowest rate in months while the head of the Federal Reserve said the U.S. central bank had plenty of ammunition to fight the economic crisis.
Read more »
Global Markets RiseGlobal stocks rose Monday, as investors continued to weigh the impact of reopening economies against the possibility of new waves of coronavirus infections.
Read more »
Stocks rebound as positive Moderna vaccine trial boosts optimism for economic recoveryStocks bounced back Monday on optimism the U.S. economy may start to recover from the coronavirus pandemic after drugmaker Moderna released promising early results for a vaccine.
Read more »
Share buybacks: The case for and against a company repurchasing its own stockAs the stock market falls to historic lows and governments are coming to the rescue in the form of bailouts and subsidies, the practice of stock buyback is facing extra scrutiny.
Read more »
Goldman highlights key earnings trends outlines stock market recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »