Excerpt from Axios quoting DataTrek’s Nick Colas:
…. “What’s happening: As Nicholas Colas, co-founder of research firm DataTrek, points out, many of this year’s best performing stocks are “simply the names that got really clobbered” in December’s sell-off.
- Xerox, Hanesbrands and Mattel all fell more than 20% during December.
- Chipotle and Coty were less beat up — dropping by around 10% each”….
Read the full article here on Axios!