Instant Alert: FUNDSTRAT: 13 contrarian stocks to buy

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FUNDSTRAT: 13 contrarian stocks to buy

by Prashanth Perumal on Dec 5, 2016, 2:07 PM

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Fundstrat Global Advisors released a list of 23 contrarian stock ideas that analysts don't like right now.

"Being 'contrarian' is arguably the best strategy as inflation expectations rise," said the report authored by Thomas J. Lee and released on Friday.

Fundstrat picked stocks with a market cap of at least $1.5 billion from among industrials, materials, energy and financials. The stocks were "among less liked stocks on the sell side (first call mean rating <4.33) and the buy side (short interest >2% of float)."

We present the 13 stocks from Fundstrat's list that, according to analysts, have the most downside.

Trinity Industries

Ticker: TRN

Market cap: $4.3 billion

Price: $28.06

Analysts' mean implied downside: -24%

Source: Fundstrat



Wisdomtree Investments

Ticker: WETF

Market cap: $1.6 billion

Price: $11.41

Analyst mean implied downside: -19%

Source: Fundstrat



United Rentals

Ticker: URI

Market cap: $8.8 billion

Price: $104.29

Analysts' mean implied downside: -18%

Source: Fundstrat



See the rest of the story at Business Insider


 
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