CNBC Pro

Revenge of the blue chips: Shares of legacy stocks are beating their disruptors this year

Share
Visitors watch fireworks explode over the Shanghai Disneyland castle at an event to mark the first anniversary of the opening of the park.
STR | AFP | Getty Images

Legacy companies are having the last laugh against their disruptor counterparts in 2021. Yet, Wall Street expects the innovation stocks will retake the lead again eventually.

After getting trounced in recent years, incumbent stocks like Ford, Disney and Goldman Sachs are beating their competitors Tesla, Netflix and PayPal, respectively, this year. Big-box retailer Walmart is even neck and neck with e-commerce juggernaut Amazon in 2021.

More In Investing trends

CNBC ProThese are the five must-own stocks heading into summer, analysts say
CNBC ProThese 8 global stocks will benefit from rising inflation, Bank of America says
CNBC ProCredit Suisse says trillions of dollars will be spent on making food more sustainable — and picks the stocks to cash in