After locking in the worst performance of any stock under Baird's coverage umbrella in 2022, Block Inc (NYSE: SQ) could be positioned to outperform in 2023.
In 2022, financial markets witnessed one of the worst routs in history, dragged by the war in Ukraine, rising inflation and subsequent hawkish policies deployed by central banks.
Electric vehicles may be picking up traction among consumers but the rout in the financial markets in 2022 made sure no sector was spared in terms of stock price.
What Happened: Some of the prominent EV players in the listed space have seen as much as 80% drop in their stock price since the beginning of the year.
On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners said Raytheon Technologies Corporation (NYSE: RTX) is a well-run industrial company.
Auto stocks recorded gains on Thursday, with stocks including Tesla, Inc. (NASDAQ: TSLA), Ford Motor Company (NYSE: F) and General Motors Company (NYSE: