The Search for Bargains in Value Investing

By Mike Liss - November 2, 2017

I've been watching financial markets—in one way or another—for a long time. It's hard to believe, but I'm now almost two decades into my career. That tenure provides enough experience to know things come in cycles. Early in my career, it was the tech bubble; now it's FANG stocks—Facebook, Amazon, Netflix and Google. What a lot of people lose sight of, in all the excitement of the trajectory of these tech stocks, is valuation.

At a certain point, valuation is going to matter and people are going to start paying attention to whether they're actually getting what they're paying for. But until that happens, where can value investors turn? It's certainly been a tough environment, but there are still some attractive risk-reward opportunities out there. In today's update, I share three sectors that currently pique my interest.

Mike Liss
Mike Liss
  • Related Articles
  • More From Author

Avoiding Stock Market Horror Shows

What’s our strategy for finding high-quality, overlooked companies? Executive Portfolio Manager Phil Davidson shares insight with Kiplinger.

Adding Value Through Large-Cap ESG Investing

Can my investments do well while the companies I invest in do good? This is a question many investors ask as they consider portfolios that assess ESG factors as part of the investment process.

What Fluctuating Gold Prices Tell Us About Markets

There’s something alluring about owning gold in times of uncertainty. CIO P. Satish, head of global analytics, explains why in this 2020 gold outlook.

    A Rebound for Value Stocks

    It’s too early for value investors to declare victory, but last quarter’s value rebound has Sr. PM Mike Liss optimistic about these opportunities.

    Value Investing: Out of Favor but Not Out of Steam

    Tariffs. Rising rates. Geopolitical turmoil. None of this deters Sr. Portfolio Manager Mike Liss on his mission to turn high-quality companies underperforming into shareholder return. See which industries are on his radar this quarter.

    Value Investing in 2018: Primed for a Comeback?

    Value equity Sr. PM Mike Liss sees good risk-reward opportunities in the energy and pharmaceutical sectors in 2018.

      References to specific securities are for illustrative purposes only, and are not intended as recommendations to purchase or sell securities. Opinions and estimates offered constitute our judgment and, along with other portfolio data, are subject to change without notice.

      Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

      The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.