• October 6, 2022

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These 4 stocks had a better day on Friday than the S&P 500 which was up by a decent and respectable 3.06%. Each of these even outperformed the tech-heavy NASDAQ-100 which headed back upward by 3. 49%.

Added attraction: these are all stocks with price-earnings ratios lower than that of the market as a whole (19).

Axis Capital Holdings
AXS
gained 4.68% Friday and is not that far off from its late March high of 61.

The property and casualty insurance company, based in Bermuda, trades with a price-earnings ratio of just 8.03 and at just over its book value. Axis is offering investors a 2.98% dividend. It’s lightly traded for a New York Stock Exchange listed equity with an average daily volume of 591,000 shares.

Globe Life
GL
on Friday had a 4.63% increase.

Warren Buffett and Charlie Munger like the stock enough that they’ve made it a 6.41% part of their Berkshire Hathaway
BRK.B
portfolio. Noted hedge fund managers Ray Dalio and Paul Tudor Jones also own Globe Life stock. The life insurance stock pays a .84% dividend and now trades with a price-earnings ratio of 13.86.

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Prestige Consumer Healthcare gained 3.94% Friday and made a 3-month price high.

The Lynchburg, Virginia-based medical distribution firm has earnings per share up by 24.10% this year. For the past 5 years, the EPS growth rate is 25.40%. There’s more long-term debt than equity. Prestige’s price-earnings ratio is 14.58 and it trades at 1.88 times book value. Average daily volume is very low for a New York Stock Exchange traded stock at just 266,000 shares.

Sanmina Corp on Friday increased in value by 4.36%.

The NASDAQ
NDAQ
-traded electronics components firm looks a bit like it might qualify as a value stock with that low price-earnings ratio of 9.86 and trading a just 1.45 times book. Earnings this year increased by 103% and the past 5-year EPS gain is 11%. Long-term debt is greatly exceeded by shareholder equity. Average daily volume of 470,000 shares is relatively light for a tech stock.

What goes up on Friday doesn’t necessarily go up on Monday or up for the next week or for the next year.

Interest rates are expected to go higher as authorities seek to battle inflation. The Russian invasion of Ukraine continues and it continues to affect both oil and food prices.

Since markets are heading into the end of the 2nd quarter, it’s likely that fund managers will be making portfolio adjustments.

This is quite a mix of factors and the level of uncertainty may be higher than usual. In the meantime, it’s good to look at the price charts of stocks outperforming the stock market even if there is no guarantee that they may continue to do so.

Not investment advice. For educational purposes only.

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