JELD - Tech Stocks Are Crashing But These 3 Value Stocks Are Just Hitting Their Stride
Glancing at the headline numbers, the stock market seems to be doing well. The S&P 500 is up over 10% for the year and the Dow Jones Industrial Average just hit a new intraday high above 35,000 . Yet at the same time, last year's market leaders (small-cap tech stocks) are vastly underperforming the market. Cathie Wood's ARK Innovation ETF , which in many ways embodies hypergrowth investing, is down over 15% for the year.
Investors continue to shift away from growth toward income and value. With that, we asked some of our contributors which value stocks they thought were worth buying now. They chose United Parcel Service (NYSE: UPS) , JELD-WEN (NYSE: JELD) , and Acuity Brands (NYSE: AYI) .
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Tech Stocks Are Crashing, But These 3 Value Stocks Are Just Hitting Their Stride