Unprofitable U.S. companies holding IPOs this year have had a median stock return of 0%, according to a Reuters analysis.
Recently, trading patterns among the S&P 500 have begun to shift. Defensive shares underperformed in October as the United States and China appeared on the verge of signing a limited trade agreement and the Federal Reserve cut interest rates for a third time this year. At the same time, value shares, so named because of their relatively low price-to-earnings ratios, have perked up. Over the past two months, the Russell 1000 Value .RLV index has outperformed the Russell 1000 Growth index .
“We’re not positioning ourselves for value to all of a sudden come back,” said Mark Stoeckle, chief executive officer of Adams Funds in Baltimore. “I’d rather have the data tell me it’s time to be in value.”
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »