4 Value Stocks to Buy as Steady Rates, Higher Oil Prices Hit the Market
Key Takeaways STRA, MG, SIG and NWG made a value screen built around low price-to-cash-flow ratios.Higher oil above $100 and the Fed's steady 3.5%-3.75% rate range pressured stocks broadly.The screen also used P/E, P/B, P/S, PEG, price and trading-volume filters to avoid value traps.A sharp downtrend was witnessed in the U.S. stock market yesterday, with the Dow Jones Industrial Average tumbling 768.11 points, or 1.63%, to 46,225.15. The S&P 500 declined 91.39 points, or 1.36%, to 6,624.70, while the Nasdaq ...