SocGen’s Investment Screens Show Lack of Value, Quality Income Stocks

SocGen’s developed market quantitative screens cover a universe of global stocks having a market cap of $100M or more and excludes financials.

SocGen analysts Andrew Lapthorne, Rui Antunes, John Carson, Georgios Oikonomou, Michael Suen and Josh Cherian draw attention to the solid gains achieved across all regions during 2013, with their universe up 32.6% on average.

The low-hanging fruit is gone

But this surge had an adverse fallout for investors. “We should first note the remarkable decline in the number of companies that qualify for our quality income and deep value screens. From 116 companies that passed our screens at the end of 2012, we can now only find 38 (22 quality income and 16 deep value companies). This is a...