From Barchart: 2024-09-16 13:16:00

Investors are shifting towards defensive, value-oriented stocks in anticipation of an economic slowdown. This trend has driven up the prices of traditionally stable value stocks like Walmart, Procter & Gamble, and Coca-Cola, while tech stocks like Alphabet and Meta Platforms are now attractively priced with superior growth prospects.

Tech stocks offer better growth forecasts compared to value stocks, with Alphabet projected to achieve 17.5% annual EPS growth and Meta Platforms forecasted to grow at an impressive 19% annually. This contrasts with the slower growth rates of value stocks like Walmart, Procter & Gamble, and Coca-Cola, making tech stocks a more appealing investment option.

Investors have a unique opportunity to buy tech stocks at attractive valuations while value stocks have become relatively expensive. This presents a balance of growth potential and reasonable valuations for tech stocks like Alphabet and Meta Platforms, making them an appealing investment choice over traditional value stocks.

Zacks Investment Research has identified 5 stocks set to potentially double by 2024. These picks, including tech giants like Alphabet and Meta Platforms, offer an opportunity for investors to capitalize on high-growth potential. Explore these potential home runs and download the free report from Zacks today.



Read more at Barchart: Tech Stocks are Cheap and Value is Expensive: A Rare Opportunity?