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

November 8, 2019


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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