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Value stocks have ‘never been this cheap,’ Bank of America says

November 8, 2019

Via: CNBC
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Value stocks, those with stable fundamentals and subpar valuations, haven’t been this cheap since the financial crisis, according to Bank of America.

Cheap equities enjoyed a resurgence in September from a decade of underperformance as investors bet on economically sensitive, underpriced stocks on hopes for a U.S.-China trade deal. Value names have become particularly inexpensive relative to momentum stocks, creating a buying opportunity, the bank said.

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