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Buying Value Stocks on the Breakout

Buying Value Stocks on the Breakout

Welcome to Episode #29 of the Value Investor Podcast

Every week, Zacks value stock strategist and the Editor of Zacks Value Investor portfolio, Tracey Ryniec, talks about all things happening in the value stock universe, including her top stock picks.

Stocks are again hitting new all-time highs. But unlike in 2016 when everyone was handwringing about valuation, in 2017 investors seem to be less concerned with how expensive the market is.

Why is that?

Retail and energy stocks are well off their highs. Bank stocks have also pulled back. There are vulnerable sectors so the overall market doesn’t feel quite as hot.

Tracey took a look, though, to see if there was still value amidst the stocks that are breaking out.

She ran a screen that included the Zacks Rank of #1 (Strong Buy) or #2 (Buy), so that there would be rising earnings estimates, and a Zacks Style Score for value of A which means that the company is a value compared to its peers.

There were 44 stocks that came across h