Goldman Sachs is advising clients to carefully identify the 2019 losers that most likely to reverse course and become leaders in the first quarter of 2020.
The strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman.
Among the bottom third of the S&P 500 in terms of 2019 performance, Goldman recommended buying the laggards that its analysts have out-of-consensus buy ratings and above-consensus estimates. Westlake Chemical, L Brands, Terex, Yelp, Cree and Under Armour are some of the "buy-rated laggards" of 2019 where the majority of the Street has neutral or sell ratings but Goldman analysts recommend buying.Brendan McDermid | ReutersThe strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman.
Among the bottom third of the S&P 500 in terms of 2019 performance, the bank recommended buying the laggards that its analysts have out-of-consensus buy ratings and above-consensus estimates.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Happy hour can wait — This simple trading strategy has been a big winnerThe stock market’s closing bell typically rings at 4 p.m. Eastern, but for traders sniffing around for a broad-market strategy that’s proven to be a real...
Leer más »
Goldman upgrades Nike to buy: 'On the cusp of a sharp acceleration'Goldman also added the stock to the firm's conviction buy list.
Leer más »
Column: Impeachment won't remove Trump. But it could beat him in 2020The impeachment hearings should give hope to Democrats eager to beat Trump in 2020.
Leer más »
Nissan will pause US operations for two days this JanuaryNissan plans to close US operations for two days in early 2020. Affected employees will not be paid during the shutdown, which will take place January 2 and January 3.
Leer más »
Trump blows off concerns he's roiling markets with his trade commentsPresident Trump denied that he is under a deadline to reach a preliminary trade deal with China but acknowledged that negotiations are at an important stage as both countries face another round of tariff escalation scheduled to take place on Dec. 15
Leer más »