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Nov 23, 2022

Colin McWey, portfolio manager at Heartland Advisors, says that current market conditions are setting up well for value-oriented investors, because it is clear that many companies e market is building a scenario where a lot of companies will be worth much more in three to five years, although a number of stocks that were overpriced in 2020 and '21 will never re-attain past highs. The wash-out of companies that had a disconnect between fundamentals and enormous expectations was necessary, McWey says, but now the market is going through a healthy cleansing where the market is starting to respect a valuation discipline again, focusing on fundamentals in order to realize that profit potential as the market rebounds in the next few years. Also on the show, Tom Lydon of VettaFi makes a dividend-income fund with a covered-call strategy his pick for ETF of the Week, Regina Conway of Slickdeals discusses consumers' shopping expectations for Black Friday and hedge-fund manager Steven Grey of Grey Value Management talks about stocks in the Money Life Market Call.