Wall St Week Ahead-US value stocks draw bargain hunters while AI fever rages
From Nasdaq:
Investors are turning to value stocks as artificial intelligence boosts market excitement. While growth stocks surge, sectors like industrials and materials are showing gains. The S&P 500 Value Index lags behind but some sectors have seen positive movements recently.
Value stocks are attracting attention for being relatively cheap compared to the rest of the market. Health care and energy sectors have lower forward earnings multiples than the S&P 500. Experts believe that value stocks could fare better in a rising interest rate environment compared to growth stocks.
Over the past decade, growth stocks have outperformed value stocks significantly. However, sentiment towards value stocks is shifting as some investors anticipate efficiency gains from adopting AI. Industrial and healthcare sectors are expected to benefit the most from AI adoption according to experts.
Read more at Nasdaq: Wall St Week Ahead-US value stocks draw bargain hunters while AI fever rages