Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year.Below are lists of analysts’ favorite stocks among the benchmark S&P 500 SPX, the S&P 400 Mid Cap Index MID and the S&P Small Cap 600 Index SML that are expected to rise the most over the next year. Those lists are followed by a summary of opinions of all 30 stocks in the Dow Jones Industrial Average DJIA.
Wall Street’s large-cap favorites Among the S&P 500, 92 stocks are rated “buy” or the equivalent by at least 75% of analysts working for brokerage firms. That number itself is interesting — at the end of 2021, 93 of the S&P 500 had this distinction. Meanwhile, the S&P 500 has declined 16% in 2022, with all sectors down except for energy, which has risen 53%, and the utilities sector, which his risen 1% .
Shares of Amazon.com Inc. AMZN are expected to soar 50% over the next year, following a decline of 46% so far in 2022. If the shares were to rise 50% from here to the price target of $136.02, they would still be 18% below their closing price of 166.72 at the end of 2021.You can see the earnings estimates and more for any stock in this article by clicking on its ticker.
The general belief amongst CEOs and strategists is that we’re hitting a deeper recession in 2023. First inflation rate contraction and then earnings. Waiting on earnings for capitulation.
Riiiiiiigggghhhhhhht! Because they have steered me right in 2022, or ever for that matter.
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Source: CNBC - 🏆 12. / 72 Read more »