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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