AWAY - How Big Data Casts New Light On Reopening Stocks
- On Neuberger Berman’s Equity Research team, we are always looking for mispriced stocks or sectors, particularly underperformers that could be due a rebound.
- U.S. travel and leisure stocks are among the recent underperformers. Since mid-June and the advent of the Delta variant of COVID-19, daily U.S. infections have risen tenfold, putting a dampener on the “reopening trade” in markets.
- The fundamental analysts on our team weren’t convinced this was a value opportunity. The data scientists on our team had been coming to a different view, however.
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How Big Data Casts New Light On Reopening Stocks