23 Stocks With Growth 'Cheaper Than Value'

  • Fundstrat Global Advisors released a list of 23 stocks where "growth is cheaper than value."
  • The report argued that investors still want "growth" even as they buy "value."
  • The 23 S&P 500 growth stocks are cheaper than the S&P 500 Value Index.
  • Fundstrat Global Advisors, a provider of independent equity research, released a list of 23 stocks they identified where "growth is cheaper than value."

    The report was authored by Thomas Lee who noted that many investors still want "growth" even as they buy "value." As such, he listed 23 S&P 500 growth stocks that are cheaper than the S&P 500 Value Index.

    Lee pointed out that growth tends to look at earnings per share growth, sales and price momentum; value looks at valuation tools including P/B, P/E and P/S.

    The largest components in the value indices (based on market cap) are financial, industrials and staples. On the other hand, the largest weights in growth are technology, discretionary and healthcare.

    Related Link: T. Rowe Price Launches Emerging Markets Value Stock Fund

    "Fundstrat uses 5 theme-based screens, each of which has a track record of beating the broader market over time (backtested since 1990)," Lee explained. "The themes utilize qualitative and quantitative factors to identify attractive/risk-reward stock opportunities, hence, systematically reducing the universe of stocks and assisting portfolio managers in idea generation."

    The 23

    • eBay Inc EBAY
    • Lam Research Corporation LRCX
    • Western Digital Corp WDC
    • Intel Corporation INTC.
    • Symantec Corporation SYMC
    • The Western Union Company WU
    • Corning Incorporated GLW
    • Teradata Corporation TDC
    • Cisco Systems, Inc. CSCO
    • NetApp Inc. NTAP
    • Micron Technology, Inc. MU
    • Michael Kors Holdings Ltd KORS
    • Gap Inc GPS
    • Bed Bath & Beyond Inc. BBBY
    • Macy's, Inc. M
    • Scripps Networks Interactive, Inc. SNI
    • D.R. Horton, Inc. DHI
    • Lennar Corporation LEN
    • Garmin Ltd. GRMN
    • Delta Air Lines, Inc. DAL
    • Norfolk Southern Corp. NSC
    • Mallinckrodt PLC MNK
    • McKesson Corporation MCK

    Image Credit: Public Domain

    Posted In: Fundstrat Global AdvisorsGrowth stocksS&P 500S&P 500 Value IndexThomas Leevalue stocksAnalyst ColorLong IdeasTop StoriesMarketsAnalyst RatingsTrading Ideas

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