EDITOR'S NOTE
Nothing grows forever, but growth stocks have outperformed the S&P 500 for an entire decade.
The Russell 1000 Growth index rose 260% over the 2010s, compared with 139% for the Russell 1000 Value index.
As recession fears emerged in early fall, investors began to turn to value stocks, which have lower price-to-earnings ratios and more predictable profitability.
Even as those fears have eased, some analysts continue to recommend value stocks because there are still plenty of economy certainties that can hold back companies valued for their growth.
Some high-profile flops in the initial public offering market, including Uber and Lyft, helped inspire the rotation into value. Despite these disasters, the IPO market is still beating the S&P's gains for 2019, writes CNBC's Kate Rooney.
The S&P is up 37% from last Christmas Eve, CNBC's Jesse Pound writes. Of course, you'll recall that last December, stocks slid into bear market territory — so it's been a recovery that few if anybody predicted.
Stocks were little changed on Tuesday during a shortened holiday trading session. Hopes remain for a Santa Claus rally to end a year that already has stocks near record highs.
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