Many growth stocks are becoming expensive, prompting some investors to turn to value stocks.
"The S&P 500 at 5,075 with expected earnings growth of 10% for 2024 gives us $243 a share and puts us at 21X earnings - its pricey, plain, and simple," said Brian Szytel, senior managing director of The Bahnsen Group, in late February.
The S&P 500 closed around 5,078 on Tuesday.
"I would however, own parts of the market shift to more value-oriented names and believe that rotation that started in 2022 from growth to value will resume.
Those interested in value stocks can consider the following from CNBC Pro's screen of the Vanguard Value ETF.
Persons:
Brian Szytel, Weizhen Tan
Organizations:
CNBC, Vanguard