U.S. and global stocks rallied in the first half of this year, but with sticky inflation, continued Fed rate hikes, and the possibility of a recession on the horizon, the outlook for the rest of 2023 looks uncertain. The S & P 500 soared by 15.9% in the first six months of the year — its best first half since 2019. The MSCI World Index , meanwhile, was up over 12%.
Pro screened for U.S. and global stocks that are among the top performers over the year to date -- up over 15% — with an average analyst price target that implies upside of at least 30% over the next 12 months. All of the stocks have a buy rating from at least 60% of analysts covering them. EV makers BYD and Stellantis both made the list, gaining over 20% each in the first half. They are also well-loved by analysts, with a more-than 70% buy rating and over 30% potential upside.
Pro's screen, with 32% potential upside and a 74% buy rating. Morgan Stanley was bullish on the Chinese Internet services giant in a June note, calling it the best AI play in China and the "most obvious beneficiary" of the $7.4 trillion AI opportunity in country. Super Hi International Holding was the top performer on the screen, with a 52.7% gain in the first half, and the only stock with a 100% buy rating.
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