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Value stocks are gaining investor attention lately, owing to their ability to hedge the market volatility to a certain extent. Investor optimism in this space is evident from the Vanguard Value ETF’s (VTV) 1.2% gains over the past month versus the SPDR S&P 500 Trust ETF’s (SPY) negative returns.
Thus, it could be wise to bet on fundamentally-sound undervalued stocks Penske Automotive Group, Inc. (NYSE:PAG), AutoNation, Inc. (AN), KT Corporation (KT), Mazda Motor Corporation (MZDAY), and Hillenbrand, Inc. (HI) now. These mid-cap stocks possess significant upside potential.
