应用金融资本管理公司的创始人之一Rafael Resendes表示，该公司在股市发现了有吸引力的买入机会，其中包括一些大型科技公司。应用金融资本管理公司的根基是对公司估值的研究。
“被低估的高质量公司现在正被“超级甩卖”。”他挑选的股票包括科技巨头苹果、微软、Facebook以及沃尔玛和麦当劳。
在寻找“内在价值”时，Resendes表示，他并不是在寻找那些从市净率等指标来看似乎很便宜的公司。相反，据这位联合创始人表示，在对一家公司的盈利能力进行预测时，在一定程度上是将研发视为一种投资，而不是按照传统会计准则的一种支出。
美国股市本周一直在下跌，以科技股为主的纳指的跌幅超过了标普500指数1.17%和道指1.24%的跌幅0.80%。不过，尽管许多投资者越来越担心科技股估值过高，但Resendes表示，他的模型显示，今年成长型公司开始变得有吸引力。
他现在看到了成长型与价值型之间的“拉锯战”，但他表示，这两种投资风格之间并没有“竞争”。
“我们一直在寻找那些被低估的股票。”
2021年，成长型股票的表现一直落后于价值型股票，这一转变之前，成长型股票的表现已经好多年了。FactSet的数据显示，截至周三，罗素1000增长指数今年累计上涨1.4%，涨幅为1.07%，远远不及罗素1000价值指数上涨14.1%，涨幅为1.31%。
他说：“我们与大多数人的不同之处在于，我们认为价值不一定有那么大的吸引力。”
Resendes看好的一些科技公司2021年迄今为止的表现好坏参半。截至周三，苹果的股价今年下跌了约7.5%，微软上涨了7.5%，Facebook上涨了10.8%。
相比之下，截至周三收盘的今年内，纳指仅上涨了1.1%，而标普500指数上涨了8.2%，道指上涨了9.7%。
Resendes称，就买入机会而言，大型科技股可能更具“争议性”，因其他投资者对其估值过高表示担忧。但他认为“这些股票将大幅上涨”。
Rafael Resendes, one of the founders of Applied Financial Capital Management, says the company has found attractive buying opportunities in the stock market, including some large technology companies. The foundation of applying financial capital management company is the study of company valuation.
Undervalued high-quality companies are now on sale. " The stocks he chose included the technology giant Apple., Microsoft、 FacebookAnd Wal-Mart.And McDonald's.。
When looking for "intrinsic value", Resendes says he is not looking for companies that seem cheap in terms of price-to-book ratios. Instead, according to the co-founder, in forecasting a company's profitability, R & D is partly seen as an investment rather than an expense in accordance with traditional accounting standards.
Us stocks have been falling this week, with the tech-heavy Nasdaq down more than the S & P 500 1.17% and the Dow 1.24% down 0.80%. But while many investors are increasingly concerned that technology stocks are overvalued, Resendes says his model shows that growth companies are starting to become attractive this year.
He now sees a "tug of war" between growth and value, but says there is no "competition" between the two investment styles.
"We have been looking for undervalued stocks."
Growth stocks have been lagging behind value stocks in 2021, a shift that followed years of growth stocks' performance.FactSet data showsAs of Wednesday, the Russell 1000 growth index had risen 1.4 per cent, or 1.07 per cent, this year, far less than the 14.1 per cent, or 1.31 per cent, rise in the Russell 1000 value index.
"the difference between us and most people is that we don't think value is necessarily that attractive," he said. "
Some of Resendes's favorite technology companies have had mixed performance so far in 2021. As of Wednesday, apple's shares are down about 7.5% this year, while Microsoft is up 7.5% and Facebook is up 10.8%.
By contrast, the Nasdaq is up just 1.1% in the year to Wednesday's close, while the s & p 500 is up 8.2% and the Dow is up 9.7%.
Resendes saidLarge technology stocks are likely to be more "controversial" in terms of buying opportunities because of concerns from other investors that they are overvalued. But he believes that "these stocks will rise sharply."
