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Analysts and stock pickers are already looking to see who might join the party this time around. This may seem perversely optimistic as the global economy plunges headlong into a gloomy few months but there is no doubt that some stocks have already been drastically oversold.
Analysts at Citigroup have ranked firms according to when they are likely to recover from the current downturn. Perhaps unsurprisingly the automakers, banks and resource companies are the least likely to be demonstrating a rebound any time soon. The firms most likely to attend the next Survivors Party are, according to Citi, the telecoms, healthcare and food companies.
This theory makes a lot of sense as these companies have seen their share prices collapse in line with stock markets around the world but most have actually maintained strong revenue and earnings because very few people cut back on food, health and talking during a downturn. Unfortunately, the invites to the Survivors Party are not sent out beforehand so it is impossible to say exactly who will be attending – and when the party will begin.
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