Small cap Energy, Financials are the most inexpensive vs. history; Tech, Industrials most expensive - BofA

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Growth continues to look historically cheap compared to value within both small- and mid-caps by an average premium of 9%, and 22%, respectively, according to a BofA report. Analyst Jill Carey Hall ...

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Analyst Jill Carey Hall ...</p>\n\n<a href=\"https://seekingalpha.com/news/4079628-small-cap-energy-financials-are-the-most-inexpensive-vs-history-tech-industrials-most-expensive-bofa\">Source Link</a>\n\n</div>\n","source":"seekingalpha_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Small cap Energy, Financials are the most inexpensive vs. history; Tech, Industrials most expensive - BofA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSmall cap Energy, Financials are the most inexpensive vs. history; Tech, Industrials most expensive - BofA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-15 02:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4079628-small-cap-energy-financials-are-the-most-inexpensive-vs-history-tech-industrials-most-expensive-bofa><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Growth continues to look historically cheap compared to value within both small- and mid-caps by an average premium of 9%, and 22%, respectively, according to a BofA report. Analyst Jill Carey Hall ...</p>\n\n<a href=\"https://seekingalpha.com/news/4079628-small-cap-energy-financials-are-the-most-inexpensive-vs-history-tech-industrials-most-expensive-bofa\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSCU","symbol_name":"Invesco S&P SmallCap Utilities & Communication Services ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4079628-small-cap-energy-financials-are-the-most-inexpensive-vs-history-tech-industrials-most-expensive-bofa","article_id":"2419939817","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1497523095/image_1497523095.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419939817","pubTimestamp":1710441463,"sourceInfo":{"source_id":"seekingalpha_hot_news","name":"SeekingAlpha"},"weMediaInfo":null,"summary":"Growth continues to look historically cheap compared to value within both small- and mid-caps by an average premium of 9%, and 22%, respectively, according to a BofA report. Analyst Jill Carey Hall sa","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSCU":"Invesco S&P SmallCap Utilities & Communication Services ETF","SRTY":"罗素2000指数三倍做空ETF-ProShares","TNA":"罗素2000指数三倍做多ETF-Direxion","FDN":"First Trust Dow Jones Internet I","TWM":"罗素2000指数两倍做空ETF","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","PSCC":"Invesco S&P SmallCap Consumer Staples ETF","BK4535":"淡马锡持仓","PSCE":"Invesco S&P SmallCap Energy ETF","IWM":"罗素2000指数ETF","UWM":"罗素2000指数ETF两倍做多","PSCF":"Invesco S&P SmallCap Financials ETF","BK4588":"碎股","BK4550":"红杉资本持仓","RWM":"罗素2000指数反向ETF","PSCI":"Invesco S&P SmallCap Industrials ETF","TZA":"罗素2000指数三倍做空ETF","IWN":"罗素2000价值股指数ETF-iShares","IWO":"罗素2000成长股指数ETF","BK4581":"高盛持仓","PSCT":"小盘科技股ETF-PowerShares"},"translate_title":"小盘股能源、金融类股相对于历史来说是最便宜的；科技、工业最贵——美国银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSCU":1,"IWM":1,"PSCT":1,"PSCI":1,"PSCC":1,"PSCE":1,"PSCF":1,"FDN":0.78,"UWM":0.6,"TZA":0.6,"TWM":0.6,"TNA":0.6,"SRTY":0.6,"RWM":0.6,"IWO":0.6,"IWN":0.6,"MRTYmain":0.6,"MNQmain":0.6},"content_text":"Growth continues to look historically cheap compared to value within both small- and mid-caps by an average premium of 9%, and 22%, respectively, according to a BofA report. Analyst Jill Carey Hall said that small cap value also looks cheap compared to its own history, trading at a forward P/E of 12x, compared to 13x historically. “Combined with continued evidence of an accelerating profits cycle, we continue to favor value over growth – where small cap value also has more high quality stocks and fewer non-earners than small cap growth,” Hall said. Within small caps, energy (PSCE) and financials (PSCF) are the most inexpensive compared to history, trading at a discount to the historical relative multiple.  Small cap technology (PSCT) and industrials (PSCI) are the most expensive compared to history, trading at a premium on all metrics tracked, analysts said. In addition, relative to their large caps peers, “most of small caps sectors trade at a discount on a majority of metrics we track, except for staples (PSCC) and utilities (PSCU).” Within mid-caps, energy and financials are the most broadly inexpensive compared to history, and technology, industrials and health care are the most expensive. Also, most mid-cap sectors, aside from staples and materials, are trading at a premium compared to their small-cap peers. “Multiples in small caps suggest 9% annualized returns over the next 10 years, vs. 2% annualized returns for large caps,” Hall said. “The relative forward P/E multiple of the Russell 2000 (IWM) vs. Russell 1000 (NYSEARCA:IWF) also suggests that small caps could outperform large caps over the next ten years.”  More on iShares Russell 1000 Growth ETF:  IWF ETF: Solid Track Record, But Looks Overextended Now IWF: Price Isn't Everything; Favor Growth Over Value Russell 1000 stocks with secured dividends that are not stretched - BofA 10 option overwriting calls that can capture 7% upside - BofA Seeking Alpha’s Quant Rating on iShares Russell 1000 Growth ETF","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419939817"}