Value stocks: Oppenheimer & Co. thinks there’s room to run

Bloomberg’s Dave Wilson produces a daily chart with some commentary.  Today’s chart plots value stock performance versus that of growth and the blended S&P500.

According to Oppenheimer & Co’s chief investment strategist, Brian Belski:

While both gauges surpassed the benchmark’s 88 percent advance from its March 2009 low through yesterday, the value- stock index was 91 percentage points ahead of its growth-stock counterpart, as shown in the chart.

Value stocks are typically more rewarding than growth shares for about three years after the market hits bottom, Belski wrote in a report yesterday.