European Value Stocks Will Outperform, If You Can Find Them

Since US stock prices range from fair to high, depending on what sector you look at and who you ask, many value investors have set their sights on Europe to find attractive investments. But even though macro factors are pointing to value outperforming growth in the coming months, 81% of stock are in the top third of their 8Y PE range, the highest point since Goldman Sachs started keep track, so there may not be that many value stocks left to choose from. Goldman expects growth, better earnings and higher yields in Europe “Improving macro growth, an inflection in European…