Goldman Sachs says these 8 beaten-up stocks will turn profitable this year — and outperform the market

Goldman Sachs has named eight global stocks of companies that will become profitable this year and beat the broader market. In a new research report, the investment bank found that companies that transition from unprofitable to profitable during a market recovery typically outperform the broader market. According to Goldman, this phenomenon was observed in 2001 and 2008, with outperformance above 50% in each instance.

The stocks include Finnish state-owned energy company Fortum , which had its earnings battered thanks to the energy crisis in Europe over the past two years. Pan-European classifieds operator Adevinta and Swiss solar power engineering firm Meyer Burger are also expected to turn profitable this year. That trend is especially true in the early days of a stock market rebound and applies not only to net income or earnings per share metric but also to the free cash flow metric, the bank said.

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Goldman says these are the favorite stocks of both mutual funds and hedge fundsThe Wall Street firm found that there are 10 'shared favorites' among hedge funds and mutual funds last quarter. They must HATE AMC because they're NOT delivering.... CNBC in real time
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