Midway through trading Wednesday, the Dow traded up 0.37% to 34,427.18 while the NASDAQ slipped 0.05% to 14,538.71. The S&P also rose, gaining 0.24% to 4,363.27.
What is a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Gainers
Itamar Medical Ltd. (NASDAQ: ITMR) rose 43% to $29.52 in pre-market trading. Zoll Medical said it has signed an agreement to acquire Itamar Medical for $31 per ADS in cash.
The Meaning Behind Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Shares of Pampa Energia (NYSE:PAM) moved higher by 2.4% after the company reported Q2 results.
Quarterly Results
Earnings per share rose 3133.33% over the past year to $1.94, which missed the estimate of $1.99.
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.