Barclays believes earnings for these underperforming stocks may surprise Wall Street

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Barclays sees dozens of companies set for an earnings surprise after watching their stock prices tumble for most of 2022.

The second-quarter earnings season could be rough for the S & P 500 as a whole, but there are some underperforming names that could get a boost after reporting in the coming weeks, according to Barclays.

Barclays analyzed stocks in its coverage universe with overweight ratings that have "significantly underperformed" the market so far this year and found 41 that could offer investors good opportunities. Each of the stocks down 30% or more in 2022 and is expected to be profitable on a consensus basis this year. Barclays' full-year estimates for each of the stocks listed implies upside to the consensus estimate. They also have a market cap of $5 billion or more.

 

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