NRDBY - Here are the top 10 value stocks with $1B+ market cap according to SA's Quant Ratings

2023-03-09 10:47:39 ET

With the Federal Reserve leaning into a "higher for longer" policy, growth stocks might see a tough time ahead, given that these more speculative investments tend to underperform in times of rising interest rates. Given this scenario, defensive investors might shift their eyes away from growth and towards value names.

Along those lines, here are 10 stocks that currently rank as the top value names according to data on Seeking Alpha.

The list includes stocks with a market cap of $1B or more and a value grade of A or A+, according to SA's scoring system. The names were then ranked according to the assessment delivered by SA's Quant Rating algorithm, which rates stocks compared to their peers based on quantifiable measures, such as profitability, valuation and stock momentum.

Top 10 Value Stocks

No. 10: Sociedad Quimica y Minera de Chile S.A. ( NYSE: SQM ), valuation grade: A+ .

No. 9: Super Micro Computer ( NASDAQ: SMCI ), valuation grade: A .

No. 8: Banco do Brasil ( OTCPK:BDORY ), valuation grade: A+ .

No. 7: Cielo S.A. ( OTCPK:CIOXY ), valuation grade: A+ .

No. 6: PBF Energy ( NYSE: PBF ), valuation grade: A+ .

No. 5: United Airlines Holdings ( NASDAQ: UAL ), valuation grade: A .

No. 4: Societe Generale ( OTCPK:SCGLY ), valuation grade: A .

No. 3: Intesa Sanpaolo S.p.A. ( OTCPK:ISNPY ), valuation grade: A .

No. 2: Nordea Bank ( OTCPK:NRDBY ), valuation grade: A+ .

No. 1: Deutsche Lufthansa ( OTCQX:DLAKY ), valuation grade: A .

Year-to-date price action: SQM +9.5% , SMCI +23.8% , BDORY +30.7% , CIOXY +13.9% , PBF +24.5% , UAL +44.8%, SCGLY +11.6% , ISNPY +15.7% , NRDBY +15.6% , and DLAKY +34.7% .

For reference, all 10 stocks have outperformed the S&P 500 ( SP500 ) and its benchmark tracking ETFs SPDR S&P 500 Trust ETF ( SPY ), Vanguard S&P 500 ETF ( VOO ), and the iShares Core S&P 500 ETF ( IVV ). The S&P 500 is currently up 5.2% on the year.

In Thursday's midday trading, the major market averages opened higher with jobless claims rising more than expected ahead of the big Friday non-farm payrolls report.

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