Accenture valuation
Even a High-Priced Market Has Bargains. 10 Undervalued Blue-Chip Stocks
Aside from technology, a roaring bull market this isn't.Several key sectors -- financials, healthcare, and consumer staples -- are trading below their early-year highs. The S&P 500 index's 10% rise so far this year has been driven by a 25% rise in the tech sector.With an effective weighting of about 50% in the index, tech is so dominant now that it can power the market even if other sectors are in the red, as healthcare and financials are this year."If you're not a chip company or building data centers, you're out of luck," says Michael Jamison, managing partner at Griffin Asset Management.One sign of the malaise outside tech is that many blue-chip stocks have been hitting 52-week lows lately. Barron's identified 10 quality stocks that hit the new-lows list in the past week. Many carry 3%-plus dividend yields.Marsh, a leader in the property-and-casualty insurance brokerage industry, long commanded a premium valuation of over 20 times earnings as a "capital light" way to play insurance
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