In the past year, the United States stock market has shown significant growth, rising by 21%, despite a flat performance over the last 7 days. In this context of promising annual earnings growth forecasted at 15%, identifying undervalued stocks can be particularly compelling for investors looking to capitalize on potential market inefficiencies.
Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500 index had the best first-quarter performance since 2019—enthusiasm over AI, robust corporate earnings, and anticipation of rate cuts fueling the rise in stock prices. […]
A report says activist Starboard Value has a roughly $500 million stake in software maker Autodesk, Adobe extends gains from Friday, and earnings reports are expected this week from Lennar, CarMax, Kroger, and Accenture.