Goldman Sachs has a simple laggard stocks strategy for early 2020

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Goldman Sachs has a simple ‘laggard’ stocks strategy for early 2020 that tends to beat the market

KEY POINTS

The strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman.

Among the bottom third of the S&P 500 in terms of 2019 performance, Goldman recommended buying the laggards that its analysts have out-of-consensus buy ratings and above-consensus estimates.

Westlake Chemical, L Brands, Terex, Yelp, Cree and Under Armour are some of the “buy-rated laggards” of 2019 where the majority of the Street has neutral or sell ratings but Goldman analysts recommend buying.

https://www.cnbc.com/2019/12/05/gol...-the-market-in-q1.html?recirc=taboolainternal