These S&P 500 stocks are cheap and well-liked by analysts heading into June

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 72%

Investment Strategy Nouvelles

Stock Markets,Global Payments Inc,Ulta Beauty Inc

Several stocks, including a mass-market beauty retailer and a major biotech company, may be selling at attractive valuations right now.

Although stocks are wrapping up May on a strong note, this week's declines may have created some buying opportunities for investors. All 11 sectors of the S & P 500 retreated on Wednesday, adding to investors' concerns that the wider market may be weakening. Still, the S & P 500 is up 4.3% for the month, while the 30-stock Dow Jones Industrial Average has gained 0.9%. The Nasdaq Composite has advanced about 7.6% this month.

Although stocks are wrapping up May on a strong note, this week's declines may have created some buying opportunities for investors. All 11 sectors of the S&P 500 retreated on Wednesday, adding to investors' concerns that the wider market may be weakening. Still, the S&P 500 is up 4.3% for the month, while the 30-stock Dow Jones Industrial Average has gained 0.9%. The Nasdaq Composite has advanced about 7.6% this month.

"Despite cleaner headline results than recent quarters, concerns around the runway for margins beyond '24 + the med-term EPS growth algo are unlikely to fade in the near-term," Jefferies analyst Trevor Williams wrote in a May 1 note, maintaining his buy rating but lowering his target price by $30 to $140. "We're encouraged by April trends , and believe more confidence in post-'24 Merchantalso made the screen, coming in as a cheap stock that analysts are bullish on.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités