If you're interested in stocks whose performance is tied with economic growth, here are some ideas to get you started.
We ran a screen on stocks from the consumer goods sector for those holding an "overweight" rating from Barclays Capital (analysts at Barclays have bullish outlooks on these stocks).
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.
Do you think these stocks will outperform like Barclays anticipates? Use this list as a starting point for your own analysis.
List sorted by ratings date.
1. Lululemon Athletica Inc. (LULU): Engages in the design, manufacture, and distribution of athletic apparel and accessories for women, men, and female youth primarily in Canada, the United States, and Australia. Market cap of $6.74B. On 12/02/2011, Barclays Capital had an Overweight rating on the stock. This is a risky stock that is significantly more volatile than the overall market (beta = 2.48). The stock has gained 31.41% over the last year.
2. Tesla Motors, Inc. (TSLA): Designs, develops, manufactures, and sells electric vehicles and advanced electric vehicle powertrain components. Market cap of $2.93B. On 11/11/2011, Barclays Capital had an Overweight rating on the stock. The stock is a short squeeze candidate, with a short float at 43.64% (equivalent to 22.59 days of average volume). The stock has performed poorly over the last month, losing 13.87%.
3. Beam, Inc. (BEAM): Beverages Industry. Market cap of $7.93B. On 10/04/2011, Barclays Capital had an Overweight rating on the stock. The stock has lost 14.91% over the last year.
4. Johnson Controls Inc. (JCI): Engages in building efficiency, automotive experience, and power solutions businesses worldwide. Market cap of $21.92B. On 03/09/2011, Barclays Capital had an Overweight rating on the stock. The stock has lost 16.98% over the last year.
*Data sourced from Yahoo! Finance.