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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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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