Most investors will be more than happy to say goodbye to 2022, as the S&P 500, barring a massive rally to end the year, will end up with the worst return for the index since 2008. While not nearly as bad as the Nasdaq, it has still been a brutal year across every sector, with the exception of energy.
While 2023 is likely to be better because at some point during the year the interest rate increases likely will end, the question is which stocks are set to rebound. A new Goldman Sachs research report notes that buying 2022 laggards could be the way for some big 2023 gains, if history is any guide.
Fifteen stocks emerged as some of the best ideas the Goldman Sachs team circled, and we screened that list for top technology names, as the sector has been crushed. Five look like outstanding ideas now.
This post appeared first at 24/7 Wall St.