The stock market can be a daunting place for both new and experienced investors, but there are tools available to help them achieve their goals with confidence. One such tool is the Zacks Style Scores, which rate stocks based on popular investing methodologies such as value, growth, and momentum. By using these scores, investors can determine which stocks are ideal for their portfolios and have the potential to outperform the market in the long term.
Investors should pay attention to value stocks, which seek out undervalued companies compared to their true worth. Ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow can help identify these opportunities. One example of a value stock worth considering is Elevance Health (ELV), a major publicly traded health insurer based in Indianapolis, IN. ELV recently changed its name from Anthem, Inc. and has strong Value Style Score of A and VGM Score of A. Its Zacks Rank #3 (Hold) rating and positive earnings estimate revisions by analysts make it a promising investment option with impressive valuation metrics such as a forward earnings multiple of 14X.
Investors should take advantage of tools like the Zacks Style Scores and conduct thorough research before making any investment decisions. By aligning their goals with their preferences and utilizing these resources, they can make informed choices that lead to successful outcomes in the stock market.
