It's time to look at value stocks as growth names will have a difficult 2024, according to Ariel Investments' John Rogers.
"I think the top of growth stocks is coming," Rogers told CNBC's Scott Wapner at the CNBC CFO Council Summit in Washington, D.C. "I really, really do."
Instead, the investor is bullish on value names as the gap in performance between growth and value widens.
The value manager said growth stocks could continue to outperform in a falling interest rate environment.
The investor is bullish on stocks tied to the housing sector.
Persons:
Ariel, John Rogers, Rogers, CNBC's Scott Wapner
Organizations:
Ariel Investments, CNBC, Summit, Russell, Mohawk Industries, Paramount Global, Paramount, Garden Entertainment, CNBC PRO
Locations:
Washington ,, Madison, Caribbean