The best oversold stocks and worst crowded short positions from Citi’s quantitative team (NYSE:T)
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Citi’s Quantitative Team remains confident of its Oversold Strategy, despite profits falling for the second time this year.
“Our systematic oversold strategy posted a second loss (-4%) this year in May, as the equity market was more closely following credit Hong Li, head of US equity quantitative trading strategy, wrote in a note.
Li offers attractive oversold stocks with a Citi Buy rating.
The stocks by sector are:
Communication service (XLC)
Consumer goods (XLY)
finance (XLF)
Health care (XLV)
industry (XLI)
Materials (XLB)
Real Estate (XRE)
- American Tower (AMT)
- Crown Castle (CCI)
- SBA Communications (SBAC)
- Weyerhaeuser (GOODBYE)
- Alexandria Real Estate (TO BE)
- Sun Community (SUI)
- Essex Asset Trust (ESS)
- Apartment income (PLANE)
utilities (XLU)
Citi also lists the most heavily shorted stocks (all stocks have a Neutral rating unless otherwise noted):
Communication service (XLC)
- Communications Regulations (CHAPTER)
- Sirius XM (SIRI), Sell
- Match group (MTCH ONLY)
- AMC (AMC), Sell
- Evaluate (TRIP)
- Lumen Technology (LUMN), Sell
- Food Network (DISH)
Arbitrary consumer (XLY)
- Body hygiene (BBWI)
- VF (VFC)
- Norwegian Cruise Line (NCLH)
- Lithuanian engine (YOUTH)
- Advanced auto parts (AAP)
- Macy’s (m)
- Brand Newell (NM)
- Nordstrom (JWN)
- Six flags (SIX)
- Kohls (KSS)
- Petco (WOW)
- Carvana (CVNA)
- Hanesbrands (HBI)
- Under armour (UAA)
Energy (XLE)
finance (XLF)
- Citizen Finance (CFG)
- Coinbase (COIN)
- Robin Hood hero (HOOD)
- Western Union (WU)
- Lincoln Country (LNC)
Health care (XLV)
industry (XLI)
- Stanley Black & Decker (SWK)
- American Airlines (AAL)
- Shared (GNRC)
- clarify (CLVT)
- Sunrun (RUN)
- Lyft (LYFT)
- Fee points (CHPT)
- JetBlue (JBL)
Information technology (XLK)
Materials (XLB)
- Ball (BALL)
- International Paper (IP address)
- Cleveland-Scale (CLF)
Real Estate (XRE)
- Boston properties (BXP)
- Healthcare real estate (personnel)
- Jones Lang LaSalle (JLL)
- furnace (KRC)
- EPR attribute (EPR)
- Park Hotel & Resort (PK)
- tornado (VNO)
- Doug Emmett (DEI)
- Open door technology (OPEN)
- SL Green Realty (SLG)
- Hudson Pacific Properties (HPP)
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