GOLDMAN: Here Are 40 Great Comeback Stocks For 2014

But that means many of them are actually poised for a strong first quarter in 2014, according to a new note from Goldman Sachs's research team.

"Stocks with low valuation and laggards both tend to perform well during the first quarter," Goldman writes. "We believe stronger growth and lower macro risk will help laggards outperform in 2014."

The firm identified 40 stocks that fell behind their peers in 2013 and therefore have "attractive valuation relative to their sectors."

We ranked the stocks by how much they underperformed their sector peers (i.e. return vs. sector).