With fourth quarter earnings season in full swing, Wolfe Research released a list of potential stocks that are best left alone.
The companies fall into the bottom 20% of their sector earnings quality and are likely to underperform in 2024, according to Wolfe.
The company's average earnings quality score for the trailing four quarters came in at 5.
Its average earnings quality score for the trailing four quarters amounted to 25.
The payments platform earned an earnings quality score of 10 and an average score in the trailing four quarters of 30.
Persons:
Wolfe, Chris Senyek, Tesla, Elon Musk, Chewy, Goldman Sachs, Trevor Young, Morgan Stanley, BTIG, Oppenheimer, Dominick Gabriele, — CNBC's Michael Bloom
Organizations:
Wolfe Research, Tesla, Argos Holdings, Barclays, PayPal, Paypal, Mizuho
Locations:
F2H24