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 Substack page.
Favoring cheaper stocks is bound to pay off with smaller U.S. companies as it has with larger peers, according to Eduardo Lecubarri, a JPMorgan Chase & Co. equity strategist. Lecubarri recommended buying investments tied to the Russell 2000 Value Index and betting against its growth-stock counterpart in a report Thursday. The value-growth ratio closed at an almost 14-year low in August and rose just 4.6% from there through Friday, according to data compiled by Bloomberg. A comparable ratio for the Russell 1000 value and growth indexes, tracking the largest companies, climbed 12% through Friday from a September low.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets