Published on 16 Apr 2024 on Insider Monkey via Yahoo Finance
14 Cheap Penny Stocks to Buy According to Analysts
In this article, we will take a detailed look at the 14 Cheap Penny Stocks to Buy According to Analysts. For a quick overview of such stocks, read our article 5 Cheap Penny Stocks to Buy According to Analysts.
The US stock market is going through a pullback as optimism around rate cuts fades. The AI-led rally that boosted stock valuations over the past few months caused several analysts to advise caution and expect a pullback. In this backdrop, value vs growth stocks debate has resurfaced as many financial experts believe that with the era of zero interest rates behind us, value investing is set to come back with a vengeance. Since 2007, growth crushed value as low interest rates and economic growth urged investors to pile into risky stocks. However, things changed in 2022 when the Fed decided to begin its battle against inflation. As a result, the MSCI World Growth Index declined 30% in 2022, compared to a decline of about 8.5% for MSCI World Value. But growth came on top again in 2023 when the AI revolution started that benefitted major stocks like Microsoft Corp (NASDAQ:MSFT) and NVIDIA Corp (NASDAQ:NVDA).
High Interest Rate Environment to Last "Not Months, But Years"