Jefferies scouts large cap names trading like small cap names

Stock Exchange


With a broader market (SPY) struggled, falling market capitalization (IWM) makes sense, said Jefferies.

Strategist Steven DeSanctis wrote in a note: “We feel like today like ’99/00, in which we saw a sharp decline and rebound in Growth.” “Value has been lagging since June 16, now cheaper than Growth with the model at the 35th percentile; relative performance after 2 years, the support value is higher. “

“We feel more and more interest in small caps with 47% passive ownership, capital inflows will drive smaller names, shareholders need to reduce,” DeSanctis said. limited,” says DeSanctis.

“We helped by looking for names with trading liquidity like smaller cap stocks, found 14 ideas.”

Those stocks are:

  1. Carpet (NYSE:TPR)
  2. Links (LKQ)
  3. Wyndham Hotel (WHY)
  4. Gentex (GNTX)
  5. Wintrust (WTFC)
  6. Capital One (COF)
  7. Zions Banc (ZION)
  8. Arch Capital (ACGL)
  9. Dentsply (X RAY)
  10. Textron (TXT)
  11. Cummins (CMI)
  12. Juniper Networks (JNPR)
  13. FMC (FMC)
  14. Berry Global (VERY)

See why BofA still likes the look of small cap stocks defying the flow.

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