SMID Indices PE Has Hit A Record HighMani
SMID indices now trade at valuations near the high end of historical ranges, thanks to strong performance witnessed in 2013.
Scott T Chronert and Louis L Odette of Citi Research however point out a number of well-positioned SMID stocks, through their Value Creators SMID Focus List.
Growth vs. Valuation face-off
Citi analysts point out that for 2013, it appears that Russell 2000 ex-neg earnings growth will settle in the 6 to 8% range. However, relative to +33% index appreciation year-to-date, the implication is that . . .
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