After all major indexes ended the first half of the year in the green, more gains are anticipated in the second half. The resilient economy, robust job market, upward-trending sales and earnings estimates, and near-record household incomes provide strong support for continued market growth. Fed Chair Jerome Powell mentioned that the country is returning to a disinflationary path, though more data is needed before rate cuts can be confidently implemented. The Fed currently plans for just one rate cut by the end of the year, but the timing remains uncertain, and analysts believe the Fed will proceed cautiously. In this elevated interest rate environment, value investing could be an effective approach. Value investing seeks to profit from investing in stocks that appear to be trading at a discount to their intrinsic values and eventually make handsome returns when the stock price rises toward that value, reflecting the actual fundamentals. One interesting ratio that you can consider for ferreting out attractively valued stocks is earnings yield. Stocks like Harmony Biosciences (NASDAQ: HRMY), GeoPark Ltd. (NYSE: GPRK), GigaCloud Technology Inc. (NASDAQ: GCT), Costamare Inc. (NYSE: CMRE) and Arko Corp. ARKO boast impressive earnings yield to help you fetch handsome long-term rewards. Earnings Yield Strength Earnings yield, expressed in percentage, is calculated as annual earnings per share divided by market price. This metric measures the anticipated yield (or return) from earnings for each dollar invested in a stock today. While comparing stocks, if other factors are similar, the ones with higher earnings yield are considered undervalued, while those with lower earnings yield are seen as overpriced. While ...