economy
Avoid these stocks in the second quarter, says Piper Sandler
These stocks are underperformers in their respective sectors
TL;DR
- Piper Sandler compiled a list of stocks to avoid in the second quarter.
- Factors considered include valuation, risk, governance, manipulation, sentiment, profitability, and operational efficiency.
- Cushman & Wakefield is on the list due to its shares being down 23% year to date, with potential AI automation risks.
- Uber made the list as it invests in its fleet, including a deal with Rivian for self-driving cars, and has missed robotaxi targets.
- Aramark is also flagged as at risk, despite a 15% year-to-date increase and positive analyst outlooks.
- The S&P 500 Index is down 3.8% year to date, while the State Street Energy Select Sector SPDR ETF (XLE) is up 33%.