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.
- 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
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