Navigating The S&P 500 Landscape: Here Are The Stocks Analysts Believe Have The Highest Potential And Biggest Downside
Portfolio Pulse from Nabaparna Bhattacharya
BofA has endorsed 'old economy' giants NVIDIA Corporation and Meta Platforms, Inc. as potential leaders in the S&P 500's growth. FactSet predicts a 19% increase in the S&P 500's price within the next year, with the information technology, consumer discretionary, and real estate sectors expected to see the most significant price hikes. FactSet also highlighted four companies with significant growth potential: SolarEdge Technologies, Inc., Insulet Corporation, DexCom, Inc., and FMC Corporation. Conversely, Expeditors International Of Washington, Inc., Tyson Foods, Inc., Consolidated Edison, Inc., and Progressive Corporation are predicted to face downside risks.
September 24, 2023 | 2:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Consolidated Edison, Inc.'s price target is lower than its most recent closing price, indicating potential downside risk.
The difference between Consolidated Edison's price target and its recent closing price suggests potential downside risk, which could lead to a short-term decrease in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Expeditors International Of Washington, Inc.'s price target is lower than its most recent closing price, indicating potential downside risk.
The difference between Expeditors International's price target and its recent closing price suggests potential downside risk, which could lead to a short-term decrease in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Progressive Corporation's price target is lower than its most recent closing price, indicating potential downside risk.
The difference between Progressive Corporation's price target and its recent closing price suggests potential downside risk, which could lead to a short-term decrease in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Tyson Foods, Inc.'s price target is lower than its most recent closing price, indicating potential downside risk.
The difference between Tyson Foods' price target and its recent closing price suggests potential downside risk, which could lead to a short-term decrease in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
DexCom, Inc. has a price target significantly higher than its most recent closing price, indicating potential growth.
The large difference between DexCom's price target and its recent closing price suggests potential for significant growth, which could lead to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
FMC Corporation has a price target significantly higher than its most recent closing price, indicating potential growth.
The large difference between FMC Corporation's price target and its recent closing price suggests potential for significant growth, which could lead to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms, Inc. is endorsed by BofA as a potential leader in the S&P 500's growth.
The endorsement by BofA could increase investor confidence in Meta Platforms, potentially leading to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA Corporation is endorsed by BofA as a potential leader in the S&P 500's growth.
The endorsement by BofA could increase investor confidence in NVIDIA, potentially leading to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Insulet Corporation has a price target significantly higher than its most recent closing price, indicating potential growth.
The large difference between Insulet's price target and its recent closing price suggests potential for significant growth, which could lead to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
SolarEdge Technologies, Inc. has a price target significantly higher than its most recent closing price, indicating potential growth.
The large difference between SolarEdge's price target and its recent closing price suggests potential for significant growth, which could lead to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90