For Immediate Release
Chicago, IL – October 2, 2020 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Welcome to Episode #208 of the Value Investor Podcast.
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks.
With the S&P 500 briefly testing a 10% correction, before finishing September down 3.9%, now’s the time to screen for classic value stocks.
Screening for Classic Value
Classic value is the toughest to screen for.
It involves all of the classic value fundamentals including low price-to-earnings, price-to-book, price-to-sales and price to cash flow ratios along with a PEG ratio under 1.0, which indicates both growth and value.
That would limit the screen considerably.
But if you add on the top Zacks Ranks of #1 (Strong Buy) and #2 (Buy), which should mean earnings estimates are on the rise, that will narrow it further.
And to top it off, why not throw on Zacks Value Style Scores of A or B, which are the top style scores.
This screen produced just 9 stocks.
They’re all cheap with top Ranks and Style Scores.
5 Top Classic Value Stocks
1. Anthem, Inc. ANTM is a healthcare insurer with a market cap of $67 billion. Shares are down 11.5% this year due to uncertainty over the future of the ACA, aka Obamacare. It has a forward P/E of 11.6 and a P/S ratio of just 0.6.
2. Cigna Corporation CI is also a healthcare insurer with a market cap of $63 billion. It’s shares are down 17.5%