These cheap stocks are outperforming, and analysts give 5 more than 20% upside

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S&P 500 Index News

NASDAQ Composite,Goldman Sachs Group Inc,Morgan Stanley

CNBC Pro screened for global stocks that have outperformed the MSCI World index, but still look cheap based on their forward price-to-earnings ratios.

Markets just keep rallying this year, with the S & P 500 up nearly 22% year-to-date and the Nasdaq jumping around 21%. In global stocks, the MSCI World index is around 16% higher. Many on Wall Street expect the trend to continue. Goldman Sachs , Morgan Stanley and others all see the S & P 500 around 6,000 by the end of the year, up from around 5,730 on Tuesday.

2 note, adding that consumer spending remains strong. Meanwhile, recent data indicates that the U.S. Federal Reserve could be close to pulling off the much-discussed economic soft landing . However, Wells Fargo in a Sept.

 

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