Goldman finds prior year's losers tend to beat the market in the first quarter — 10 laggard buys

As investors prepare their portfolios for the new year, Goldman Sachs revisited laggard stocks that have the potential to outperform at the start of 2023. In the past, stocks that lagged the broader market tended to become leaders in the first quarter of the following year, according to Goldman Sachs. The investment firm said this trend held up 13 out of last 20 years since 2002, and it has become "more pronounced" over the last two years.

Shares of Pinterest are a differentiated buying opportunity, as only 36% of analysts covering the stock have a buy rating, according to Goldman Sachs. While the image-sharing name may be down more than 30% in 2022, the firm's analyst expects Pinterest will get a boost after improving user growth and monetization on its platform. "We upgrade the shares of Pinterest ...

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