Utility Over Volatility: 3 Large Cap Value Plays to Consider

As the victorious Boston Red Sox hoisted the 2018 World Series trophy on Sunday, investors got accustomed to even more red in U.S. equities during the month of October as Monday’s trading session saw the Dow Jones Industrial Average gain 300 points early in the day before falling by over 200 points at the close of the markets.

Needless to say, October hasn’t been kind to U.S. stocks as the technology sector, in particular, has gotten trounced. The S&P 500 has been playing a game of “Follow the Leader ” with the Nasdaq Composite, heading into correction territory with as much as a 10% slide last week from its 52-week high.

“October has provided plenty of drama this year,” said John Stoltzfus, the chief investment strategist at Oppenheimer & Co. “It could prove to be the best buying opportunity investors have had in some time.”

Related: ETF of the Week: Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE)

Nonetheless, some market experts feel that despite what the much-heralded FANG (Facebook, Amazon, Netflix, Google) stocks do, the U.S. capital markets will continue to thrive. According to economist Mohamed El-Erian of Allianz, the latest sell-offs doesn’t signal that the party is over for U.S. equities, but a venue change–one where value continues to come to the forefront and the growth-momentum plays of the decade-long bull run take a step back.