Every shopper wants to find a bargain; it’s one of the thrills when we go looking to buy things. Finding what we want at a lower price than we planned on spending – that’s always a bit exciting. And this holds true for the stock markets, too. It’s the allure behind value stocks.
According to Bank of America, the value stock segment, typically priced lower than their underlying strengths would suggest, has badly lagged the growth stocks so far this year. The bank’s research equity and quant strategist Savita Subramanian describes value stocks as ‘neglected and trading at very low multiples,’ and points out several sectors, including energy stocks, as a place for value-minded investors to look for opportunities.
Subramanian’s colleague, Bank of America stock analyst Kalei Akamine, has been taking that stance forward and giving a closer look at three value-priced energy…
