Wynton Marsalis’s Homecoming Farewell
By WILL FRIEDWALD
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This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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American investors are returning from summer vacation to the cheapest stock market in almost 12 years, and some of the biggest fund managers say they’re ready to load up on shares of technology, energy, and industrial companies. Software makers in the Standard & Poor’s 500 Index last week were valued at an average 20.8 times estimated profit, the lowest since at least 1995, according to data compiled by Bloomberg. Industrial companies traded at 18.4 times earnings, lower than their average of 23.4 this decade. Oilfield-services provider BJ Services Co. last month was the cheapest in almost six years.
By WILL FRIEDWALD
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By MATTHEW RICE
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By THE NEW YORK SUN
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By LAWRENCE KUDLOW
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By LUKE FUNK
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By JOSEPH CURL
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By BENNY AVNI
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By MATTHEW RICE
|American investors are returning from summer vacation to the cheapest stock market in almost 12 years, and some of the biggest fund managers say they’re ready to load up on shares of technology, energy, and industrial companies. Software makers in the Standard & Poor’s 500 Index last week were valued at an average 20.8 times estimated profit, the lowest since at least 1995, according to data compiled by Bloomberg. Industrial companies traded at 18.4 times earnings, lower than their average of 23.4 this decade. Oilfield-services provider BJ Services Co. last month was the cheapest in almost six years.
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