Applied Finance Capital Management, an asset manager rooted in research on company valuations, has spotted attractive buying opportunities in the stock market, including some big technology companies, according to one of its founders.
U.S. stocks have been falling this week, with losses of the tech-laden Nasdaq Composite Index COMP, -2.67% exceeding declines posted by the S&P 500 SPX, -2.14% and the Dow Jones Industrial Average DJIA, -1.99%. But while many investors have grown concerned about stretched valuations in tech stocks, Resendes says his models show growth companies have begun to look attractive this year.
“We differ from probably the vast majority of people in that we don’t think value is necessarily that attractive,” he said. “We think the easy money in value was made starting last August.”
Biden is president. Just wait you’ll be able to buy them even lower.
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there will be a better sale soon
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