Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
Financial and health care are among the best places to find bargain stocks these days, according to Jonathan Golub, chief U.S. equity strategist at Credit Suisse Group AG. Both industry groups “appear extremely undervalued” based on prices relative to projected profit, Golub wrote in a report Monday. Forward price-earnings ratios for the S&P 500 financial and health-care indexes were more than 30% lower than the S&P 500’s ratio on Tuesday, according to data compiled by Bloomberg. Earlier this year, the groups’ discounts were the biggest since July 2000 and May 2009, respectively.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets