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Moreover, the Conference Board Consumer Confidence Index stood at 113.8 on October 26, increasing from 109.8 in September. Given the positivity in the market, many stocks have reached valuations that are not in sync with their growth prospects. However, several stocks are still trading at reasonable valuations. According to Research Affiliates Founder and Chairman Rob Arnott, value stocks might provide a 5-10% return over the next decade.
So, it could be wise to bet on quality mid-cap stocks Assurant, Inc. (AIZ), Jabil Inc. (JBL), and First American Financial Corporation (FAF), which look undervalued at their current price levels. These stocks have an overall B (Buy) rating in our proprietary POWR Ratings system.
