Stock picks to buy, top recovery bets for Q1 2021: Goldman Sachs - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Goldman Sachs says buy these 19 beaten-down stocks on its 'holiday shopping list' that are poised to break out in the 1st quarter of 2021

The worst-performing stocks of any given year often rebound at the start of the following year as investors hunt for bargains and bet on a recovery.

Alex Meintel of Goldman Sachs acknowledges that the rule hasn't always held over the last few years, but he says there are good reasons to think the hardest-hit companies of 2020 will spring back in the first three months of 2021. One is simple: It's been a long time since the market's worst stocks looked this bad compared to the rest.

He says the most promising recovery candidates in the first quarter reflect at least one of six themes. The first group consists of "value" picks that are trading at attractive levels and could experience a sustainable recovery as analysts raise their estimates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

GTEUYIR5I0000

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines