It appears the dash-for-trash strategy is already paying off for investors in the early days of 2018.
“Losers have been doing well,” Bespoke co-founder Paul Hickey said Monday on CNBC’s “Trading Nation.” “The 20 best performing stocks as of the end of Friday were down a median of 11 percent last year.”
The so-called Dumpster diving is affecting about a quarter of all stocks in the S&P 500, according to Hickey.
“What it’s telling you is that investors are buying anything that hasn’t already rallied just in hopes of catching a move higher,” he said.
