Value investing book dow Jones Industrial Average closed at

Dow Jones Industrial Average closed at 38,420, supported by robust consumer spending data. The value investing book framework suggests this may boost cyclical stocks, yet warns against chasing highs without evaluating dividend sustainability and debt-to-equity ratios in portfolio construction. Emily Stewart is a senior correspondent at Business Insider, writing about business and the economy. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. U.S. housing starts jumped 5.9% last month. This can re-rate undervalued construction-related equities. A value investing book perspective highlights firms with durable pricing power and low inventory risks as prime candidates for portfolio inclusion.