Should Value Investors Be Watching Goldman Sachs?
After a decade-long bull market and record GDP expansion, good value stocks have been hard to find lately. But now, they've come back into vogue as market volatility, the pandemic, and a recession have caused the stock prices of many good companies to fall below their true long-term value. This is essentially what constitutes a value stock -- a stock trading below its intrinsic value due to temporary factors. And coming out of a recession into a period of growth is a great time to buy them.
A lot of value investors have focused their attention on sectors that were beaten down during the recession, like the financial sector. With the GDP expected to grow 4.2% in 2021, some banks and financial firms should have some wind at their backs.
One of the best value stocks investors should be watching is Goldman Sachs (NYSE: GS).
Source Fool.com
