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Search resuls for: "undervaluation"


2 mentions found


☆ Wall Street jumps after BofA results, UK reversal
  + stars: | 2022-10-17 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +4 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 7, 2022. Fellow financial Bank of NY Mellon Corp (BK.N) also benefited from higher interest rates, and its shares climbed 5.23%. Overall, higher rates boosted interest incomes for lenders in the third quarter, giving investors hope the current earnings season will be better-than-feared. The S&P 500 Growth index (.IGX) gained 3.57%,Tesla Inc (TSLA.O), Netflix (NFLX.O) and Johnson & Johnson (JNJ.N) are also expected to report results later in the week. The S&P 500 posted no new 52-week highs and 2 new lows; the Nasdaq Composite recorded 65 new highs and 122 new lows.
☆ Morningstar: Stocks have rarely been this cheap, and these 33 undervalued names are the top picks heading into the fourth quarter of 2022
  + stars: | 2022-10-11 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +2 min
The firm shared its top 33 most undervalued stock picks going into the fourth quarter of 2022. But that doesn't mean that there's no gains to be made, said Dave Sekera, the chief US market strategist at Morningstar. "On a longer historical time frame, there have only been a few other instances when our price versus fair value metric had dropped to similar levels." On the other hand, the defensive sectors are trading relatively close to Morningstar's fair value estimates, while utilities stocks seem to skew rich versus their fair values. In note from October 4, Morningstar analysts listed their top 33 most undervalued stocks heading into the fourth quarter of the year.
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