Tech-heavy growth names may have supported the broad market averages in 2023, with value spending much of the year under the radar. As 2024 approaches, Seeking Alpha has constructed a top 10 list of value names that quantitative measures say have a good chance for success.
The names included in the below list all follow the bulleted criteria:
- A market cap of $1B or more.
- A valuation grade of A or higher, according to the SA Quant Ratings.
- Ranked by scores on Seeking Alpha’s Quant Rating system, which grades stocks based on quantitative measures, like growth and momentum.
Top 10 Value Stocks
No. 10: Federal Home Loan Mortgage Corporation (OTCQB:FMCC): Quant Rating of 4.92
No. 9: Federal National Mortgage Association (OTCQB:FNMA): Quant Rating of 4.92
No. 8: Enel Chile S.A. (ENIC): Quant Rating of 4.93
No. 7: PBF Energy (PBF): Quant Rating of 4.93
No. 6: KB Financial Group (NYSE:KB): Quant Rating of 4.94
No. 5: Manulife Financial Corporation (NYSE:MFC): Quant Rating 4.95
No. 4: SkyWest (SKYW): Quant Rating 4.95
No. 3: M/I Homes, Inc. (MHO): Quant Rating 4.95
No. 2: Intesa Sanpaolo S.p.A. (OTCPK:ISNPY): Quant Rating 4.96
No. 1: Gulfport Energy Corporation (GPOR): Quant Rating 4.97
Year-to-date performance: FMCC +76.1%, FNMA +101.7%, ENIC +40.9%, PBF +10.4%, KB +7.5%, MFC +7.5%, SKYW +181.9%, MHO +125.1%, ISNPY +31.8%, and GPOR +75.3%.
Additionally, market participants can also monitor value-focused exchange traded funds as other investment options. See a group of funds below:
- Vanguard Value ETF (VTV)
- iShares Russell Mid-Cap Value ETF (IWS)
- Vanguard Small Cap Value ETF (VBR)
- Dimensional International Value ETF (DFIV)
On a separate note, see Wall Street’s top 10 growth stocks according to SA Quant Ratings.