Undervalued Stocks Soared, But Not Because They’re Undervalued

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The furious rally in cheap—or “value”—stocks gives us reason to exhume an ancient argument about how investors perceive stocks, writes jmackin2

The furious rally in cheap—or ‘value’—stocks gives us reason to exhume an ancient argument about how investors perceive stocks

U.S. stock erased the year’s losses, with the S&P turning positive on Monday; the World Health Organization warns that the pandemic is worsening globally; 3M files a lawsuit against a merchant selling masks on Amazon. WSJ’s Shelby Holliday has the latest. Photo: Johannes Eisele/AFP

 

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jmackin2 I don't think that the economy reopening faster did anything for the outlook of $HTZ, but here we are....

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Once bitten, not shy: Investors again seek margin loans as stocks rallyGlobal banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors. waiting for the 2nd crash, plz buy stocks guys. ChristineEliaz Like rats fleeing a quarantined port for the promise of a new conquest. Those that forget History are usually very greedy.
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European stocks open lower after strong rally last weekEuropean stocks slipped at the open on Monday, reversing after a huge rally last week. The German DAX undefined fell 1.1% and the U.K. FTSE 100 undefined...
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Cyclical stocks — whose fortunes are tied to the recovery — could keep leading the wayNew for subscribers: Cyclical stocks — whose fortunes are tied to the recovery — could keep leading the way Check out CNBCPro for a free trial. Pro And then, from nowhere, the second wave hits. The end.
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