20 stocks to buy: Companies cutting jobs means big profits

Investors have sometimes rewarded companies that are cutting jobs or spending recently.Evercore says these 20 stocks have lagged, but should be able to turn their performance around.

Investors"were eager to reward companies early to address bottom line challenges in the context of a labor market historically tight in both supply and cost," wrote Julian Emanuel of Evercore ISI in a recent note to clients. "Cost cutting will be a driver of alpha in the months ahead," wrote Emanuel, who leads Evercore's equity, derivatives and quantitative strategy team and its portfolio strategy team."Share price performances of companies that have announced layoffs are likely to diverge."

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor CompaniesDemocratic and progressive lawmakers are urging the U.S. Department of Commerce to ban corporations that are receiving money from a recent congressional subsidy bill from conducting stock buybacks for at least a decade.
Source: truthout - 🏆 69. / 68 Read more »

Blue-chip companies brace for new assaults by activist investorsCompanies large and small are on alert for a record wave of attacks this year from activist investors. 😎 “Assualts”? C’mon. Good....Karma is a bitch! These companies bowed to the Woke throne and now the Woke Empire has ordered their heads to be cut off.
Source: axios - 🏆 302. / 63 Read more »