An interesting investing strategy

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As Business Insider notes, Goldman Sachs is saying that the wide valuation gap between cheap and expensive stocks could close shortly in favor of bargain hunters. 

Questions:

  1. Why are investors reassessing the dynamics of value investing (or the strategy of buying stocks that are trading cheaply relative to the broader market)?
  2. According to Goldman equity analysts, how should stocks that benefit from this shift be identified?
  3. What are the stocks where Goldman sees the highest earnings-related upside relative to the consensus price targets? 

Source:

Oyedele, A. (2019). GOLDMAN SACHS: An investing strategy that’s been left for dead is now poised to triple the market’s returns. Buy these stocks to profit from the reversal. Business Insider, June 24 (Retrievable online at https://www.businessinsider.com/stock-market-investing-strategy-cheap-stocks-to-buy-goldman-sachs-2019-6)