FINSUM + Magnifi: Goldman Says these S&P Losers Could become Outperformers
April 20, 2021
Q1 Earnings are starting to roll in for many companies and this presents an opportunity. Regression to the mean is almost an inevitability in the stock market, but timing it is difficult. But Goldman is advising its clients that 13 companies lagging the S&P 500 by 6% over the past month are going to post better earnings reports than Wall Street projects. These companies are Activision Blizzard, Air Products and Chemicals, CF Industries, Charter Communications, Edison International, Enphase Energy, Everest Re Group, Fiserv, Global Payments, Intercontinental Exchange, Leggett & Platt, McKesson, TE Connectivity, and T-Mobile. As many stocks are trading at record highs these underperformers could turn to outperformers at the turn of the next earnings report.
