These are the hottest S&P 500 stocks of the summer. Where analysts see them going next

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

CNBC Pro screened for the best performers in the broad index.

It has been a good summer for the S & P 500 , even when accounting for the August slump. This summer has brought another quarterly earnings season ; one interest rate hike and one skip ; and some renewed banking fears. Despite a recent pullback as investors take some profit in August, the market has continued to edge higher through it all. The broad index up about 4.2% since Memorial Day.

Pro screened for the 10 best performers in the period. All data, which is from FactSet, is current as of Friday's close. Cruise stock Carnival has led the index higher, jumping more than 30% this summer. In late June, the company reported a smaller losses per share than expected and revenue that beat the consensus estimate of analysts polled by FactSet for the second quarter. Carnival also raised its full-year guidance on both lines.

analyst Jake Fuller upgraded the stock to buy from neutral a day after the report, citing a recovery in its Tinder app. "MTCH is a dominant category leader with a strong margin profile and modest valuation," Fuller said. — 's Michael Bloom and Fred Imbert contributed to this report

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines