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Spotting the ‘value’ US stocks in 2023
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Investors have often viewed growth and value stocks as two essential categories.
PHOTO: AFP
Jeff Sommer
It is impossible even to talk about the long bull market that ended in January 2022 without saying high-growth technology stocks propelled the market higher. Companies including Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, Netflix, Nvidia and Tesla dominated the headlines for years. Tech stocks and growth stocks were virtually synonymous.
But not any more. The new growth stocks, in the estimation of S&P Dow Jones Indices, an influential market analysis firm, now include fossil-fuel energy companies. The world has changed radically in the past year or two, and traditional categories, such as growth and value, are topsy-turvy.
