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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
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Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:
- Kelly Services (NASDAQ:KELYB) - P/E: 6.44
- Golden Ocean Group (NASDAQ:GOGL) - P/E: 5.01
- Huttig Building Products (NASDAQ:HBP) - P/E: 5.68
- Universal Logistics Hldgs (NASDAQ:ULH) - P/E: 6.78
- Owens-Corning (NYSE:OC) - P/E: 9.0
Kelly Services's earnings per share for Q3 sits at 0.25, whereas in Q2, they were at 0.49. Its most recent dividend yield is at 0.94%, which has increased by 0.08% from 0.86% in the previous quarter.
Golden Ocean Group saw an increase in earnings per share from 0.52 in Q2 to 0.97 now. Most recently, the company reported a dividend yield of 42.55%, which has increased by 23.91% from last quarter's yield of 18.64%.
Huttig Building Products's earnings per share for Q3 sits at 0.57, whereas in Q2, they were at 0.54. Huttig Building Products does not have a dividend yield, which investors should be aware of when considering holding onto such a stock.
Universal Logistics Hldgs has reported Q3 earnings per share at 0.74, which has decreased by 22.11% compared to Q2, which was 0.95. Its most recent dividend yield is at 1.95%, which has increased by 0.07% from 1.88% in the previous quarter.
Most recently, Owens-Corning reported earnings per share at 2.52, whereas in Q2 earnings per share sat at 2.6. Its most recent dividend yield is at 1.1%, which has increased by 0.03% from 1.07% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.