The Fundamentals and the Technicals Are Aligning for These Stocks, Piper Sandler Says
Then, the technical filter weeded out the stocks without momentum, uptrends and strong improvement relative strength. The Alpha Alignment Index generated a total return of 9.6% in the first quarter of 2021, outperforming the S&P 500 by 2.6%. Take a look at Piper Sandler's second quarter list here. Ride-hailing company Lyft is one of Piper Sandler's Alpha Alignment Index members. "We remain well above consensus in 2021 and especially 2022, because we still think other firms are missing Lyft's improving ability to translate urban vehicle miles traveled into revenue," Piper Sandler noted. "Share...
Source: nbcdfw.com