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Top Financials Highlight 3 Compelling Value Stocks at Jefferies
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With a market that has been on fire as of late taking a little breather, many investors who want to stay long equities are looking for stocks to rotate to that are better values at current trading levels. With the S&P 500 not all that far from the all-time highs printed last year, looking for value makes sense now, as completely leaving the stock market for either cash or fixed income is not an option.
A new Jefferies research report features three compelling value stock picks that look like outstanding plays now, especially considering where the stocks are trading. While somewhat more aggressive, they are good plays for patient long-term growth investors.
Ares Capital
This is a high-yielding business development company to buy. Ares Capital Corp. (NASDAQ: ARCC) is a leading specialty finance company that provides one-stop debt and equity financing solutions to U.S. middle market companies, venture capital backed businesses and power generation projects. Ares Capital originates and invests in senior secured loans, mezzanine debt and, to a lesser extent, equity investments through its national direct origination platform. Its investment objective is to generate both current income and capital appreciation through debt and equity investments primarily in private companies.
Jefferies believes the strength of company’s origination platform, sizable balance sheet and ample liquidity position it favorably in a very competitive investing environment. Other Wall Street analysts also believe that with current tight spread environment Ares Capital has the scale and industry relationships to continue to make competitive, high-credit-quality investments.
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