Yahoo Finance Live's Jared Blikre discusses the stock market falling as investors await this week's Fed policy-setting meeting, the correlation between bitcoin and tech stocks, and how increasing tensions between Russia and Ukraine are affecting global stocks.
Two and a half years ago Nelson Peltz, the billionaire activist investor who often presents himself as a partner with constructive advice for companies, told an audience of pension and hedge funds that no one had a monopoly on good ideas. Sitting only a few feet away, nodding in agreement, was Procter & Gamble Co Chief Executive David Taylor, who ended one of the industry's most acrimonious corporate battles by inviting Peltz onto P&G's board in 2018. For nearly four years until Peltz' retirement from the P&G board in August, the men traded ideas about how to woo new customers to buy Tide detergent and Pampers diapers.
After underperforming growth stocks for 11 out of the last 13 years, value stocks are finally having their time in the sun. If value stocks do end up outperforming growth stocks in 2022, it will be the first time that has happened since 2016. Procter & Gamble (NYSE: PG) is an excellent value stock worth buying and holding over the long term, while Zoom Video Communications (NASDAQ: ZM) looks like one growth stock that is too cheap to ignore.