Citi among stocks left out earnings rally

Shares of GSK, Citigroup and Stellantis are now among those left undervalued even after the overall Wall Street’s earnings rally on robust results.

The entire group of six is Stellantis, Volkswagen, Citigroup Inc, Evercore Inc, Energy Transfer LP and GSK PLC. Stocks have rallied more than 17% from bear-market lows part;y on earnings results that, while weak by historical standards, are looked upon as abler to exceed or meet the expectations of most investors.

Even with the rally, a wide batch of stocks followed are also undervalued. Among the 854 U.S.-listed companies, 46% are trading below their fair value estimates.

Those undervalued stocks, paired up with Q2 earnings, offer investors an opportunity to screen for names that are both cheap and that turned in a better than expected earnings performance.

The number of companies beating earnings estimates by a slim margin also declined, with only 14% of those that reported beating earnings per share.