All 10 sectors of the S&P 500 are sitting on year-to-date losses, as are the vast majority of stocks. Is it a case of investors proverbially throwing out the baby with the bath water?
S&P Equity Research thinks the answer is yes. There are more than 80 stocks that S&P equity analysts strongly recommend purchasing—those ranked 5 STARS (strong buy). Most of them have year-to-date share price declines, and in some cases the declines are quite large.
As far as S&P Equity Research is concerned, that simply gives you an opportunity to buy them "on sale."
For this week's screen, we identifies those 5 STARS stocks with the biggest year-to-date losses. But our analysts remain convinced these stocks have the potential to outperform the S&P 500-stock index significantly and should post positive absolute returns over the next 12 months.
A dozen names are on this week's list:
Company
Ticker
Allegheny Technologies
ATI
Anglo American
AAUK
Best Buy
BBY
Carpenter Technology
CRS
CNOOC
CEO
Jacobs Engineering Group
JEC
Orient-Express Hotels
OEH
Prudential PLC
PUK
Rio Tinto
RTP
Titanium Metals
TIE
Transocean
RIG
United States Steel
X