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Piper Sandler has flagged 31 stocks from the Russell 1000 (NYSEARCA:IWF) universe susceptible to underperformance, should interest rate-cut projections persist.
If bond yields fail to plunge, certain stocks face the risk of bearing stagnant or diminishing price-to-earnings, further exacerbating their already feeble earnings per share revisions, as outlined in a Piper Sandler strategy report.
Analyst Michael Kantrowitz pinpointed that these names “belong to the highest-correlated sector fractile in tandem with bond yields and stand among the poorest EPS revision stocks within their respective sector.”
The stocks identified are as follows:
- Gentex Corporation (GNTX) – EPS revisions ratio: -0.435
- Archer-Daniels-Midland Company (ADM) – EPS revisions ratio: -0.628
- Bunge Global SA (BG) – EPS revisions ratio: -0.371
- Darling Ingredients Inc. (DAR) – EPS revisions ratio: -0.568
- and many others
Further insight into iShares Russell 1000 Growth ETF:
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