Got $1,000? These Value Stocks Are Begging to Be Bought.
What an absolutely wild ride it's been for investors over the past three-plus months. It took a mere 33 calendar days between Feb. 19 and March 23 to send the benchmark S&P 500 down by 34%, and the subsequent 11 weeks for the index to gain the vast majority of its losses back. We've simply never witnessed volatility like this before in the stock market's storied history.
Interestingly, high-growth tech stocks have been largely responsible for the recent rally from the March 2020 lows. Yet a report on the long-term performance of growth stocks versus value stocks by Bank of America/Merrill Lynch finds that value stocks have handily outperformed growth stocks. The 2016-released report shows that value stocks averaged an annual gain of 17% between 1926 and 2015, compared to 12.6% for growth stocks.
Why mention this? Though growth stocks are leading the market higher for the time being, history favors those investors who seek out value. If you have $1,000 in spare cash that you won't need to pay bills or for emergencies, then consider the following value stocks, which are just begging to be bought.
Source Fool.com
