Value stocks are more attractive than growth stocks? This expert believes that US tech stocks are too top-heavy

Zhitong
2024.10.23 07:08
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Brian Mulberry, portfolio manager at Zacks Investment Management, stated that he prefers value stocks over growth stocks, believing that the valuation of US tech stocks is too high. He pointed out that the expected P/E ratio of the S&P 500 index is around 22 times, while the P/E ratios of the seven tech giants exceed 30 times. In contrast, the expected P/E ratios of industries such as utilities are only 9 or 10 times, indicating more attractive investment opportunities. He advised investors to focus on traditional value sectors for better returns