6 Nasdaq Value Stocks To Add To Your Portfolio Right Now
Zacks Investment Research | Sep 13, 2017 10:57PM ET
Despite hindrances in the form of the timing of U.S. interest rate hikes, concerns over President Donald Trump’s ability to enforce pro-business reforms, tensions related to North Korea and more, major indexes have achieved many records this year.
In fact, investors’ risk appetite increased on diminished anxieties around the recent hurricanes in the United States, ongoing hopes over retrospective tax reforms that are expected to be pushed through by year-end as well as an increase in 10-year Treasury note yield.
Meanwhile, on Sep 13, most major Asian indexes closed slightly lower after the release of weaker-than-expected China fixed asset investment, industrial production and retail sales data. This suggests that the Chinese economy continued to cool, which could be a setback.
Nevertheless, investors are optimistic about the monthly report on inflation and the weekly report on initial jobless claims that are slated to be released on Sep 14 and are imperative for the Federal Reserve’s meeting next week. According to a research by Macquarie, as reported on MarketWatch, “Consumer price inflation data is expected to surprise on the upside thanks to seasonally higher gasoline prices and economic activity in the aftermath of Hurricane Harvey.”
The Nasdaq Index in Focus
With so much happening around, all major indexes have been on a bull run. The Nasdaq Composite Index, along with the S&P 500 and the Dow Jones Industrial Average, carried on their trend of scaling new highs, with all three closing at record highs yet again in yesterday’s trading session.
In fact, the technology-laden Nasdaq Composite Index closed 0.1% higher at 6460.19, booking its 48th all-time high this year, notwithstanding Apple Inc.’s (NASDAQ:AAPL) losses.
Moreover, the index has outperformed both the other two leading indexes. Year to date, Nasdaq recorded a gain of 20%, compared to the S&P 500’s growth of 11.6% and the Dow’s growth of 12.1%.
Courtesy of positive economic data, rate hike prospects, and bullish forecasts regarding U.S. tax reforms, the index’s gains are expected to continue. Moreover, the continual rally in technology stocks is likely to take the index to new highs.
6 Great Value Stocks
Despite scaling such highs, we believe it is not too late to delve deeper into some fundamentally strong stocks of the index.
Value investors seek stocks that they believe are undervalued by the market. An elongated bull market has made stocks expensive on numerous measures, allowing fewer bargains to be realized.
Nonetheless, value investors should not lose hope yet as the Zacks Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.