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Why stock valuation hinges more on returns than future earnings
Graph of stock market trends rising and plateauing.

Image: iStock/Peach_iStock

Why stock valuation hinges more on returns than future earnings

Growth stocks don’t generate the long-term returns that would justify their high multiples, according to the 2023 Jacobs Levy Center’s “Best Paper” co-authored by the Wharton School’s Sean Myers.

From Knowledge at Wharton

Penn on the Pitch: The sensational Katy Cross
Katy Cross dribbles the ball past a defender during a game.

Image: Penn Athletics

Penn on the Pitch: The sensational Katy Cross

In celebration of the Women’s World Cup, Penn Today is showcasing some of the noteworthy feats and players from the Penn women’s soccer team. This edition highlights 2005 alumna Katy Cross.
Five rowers earn All-American honors
Members of the heavyweight rowing team row in a boat on the water.

Image: Penn Athletics

Five rowers earn All-American honors

Two members of the men’s heavyweight crew team and three members of the men’s lightweight crew team have received All-American recognition.
Fulbright 2023 U.S. Student Program grants awarded to 29 Penn affiliates
29 people in a grid

Twenty-nine Penn students, recent graduates, and alumni have been offered Fulbright grants for the 2023-24 academic year, from left: (top row) Anuj Amin, Ella Atsavapranee, Rebecca Bean, Rachael (Viola) Bordon, Erin Brennan, Mia Cheung; (second row) Allison Chou, Teresa Christensen, Sabrina de Brito, Ashley Fuchs, Zacharia Hamdi, Nilesh Kavthekar; (third row) Vincent Kelley, Lauren Lamb, Esther Lee, Beyoncé Lightfoot, Colin Lodewick, Lea Mangifesta; (fourth row) Vanessa Martinez Penn, Anya Miller, Marissa Mojena, Priyamvada Nambrath, Trevor Núñez, Sriram Palepu; (bottom row) Kyra Schulman, Laila Shadid, Ingrid Sotelo, Sally Thomas, and Erin Wrightson. 

(Images: Courtesy of the Center for Undergraduate Research and Fellowships) 

Fulbright 2023 U.S. Student Program grants awarded to 29 Penn affiliates

Twenty-nine University of Pennsylvania students, recent graduates, and alumni have been offered Fulbright grants for the 2023-24 academic year to conduct research, pursue graduate degrees, or teach English in more than 20 nations. 

Louisa Shepard