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.