Deep Value Names Could Reward Patience

I find the current market environment quite challenging. Equities feel either fairly or slightly overvalued at 16x to 17x forward earnings in light of a lack of clarity around global growth and with margins in the S&P 500 near all-time highs.

Growth and momentum stocks that led the market higher in 2013 have come down quite a bit since their decline began in early March but still are not bargains. The blue chips that have outperformed the market in 2014 like Microsoft (MSFT) and Apple (AAPL) are still reasonably priced but not nearly as cheap as they were to begin the year....519 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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