Among the S&P 500, here are the 20 stocks with majority “buy” or equivalent ratings that are expected to rise the most over the next 12 months, based on consensus price targets among analysts polled by FactSet.
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect it to soar 21% over the next 12 months.
Ned Davis Research analysts Ed Clissold and London Stockton wrote in a note to clients on July 25 that an analysis of NDR Cycle Composite data stretching over 100 years showed patterns indicating the first-half weakness this year was likely to be followed by a stronger second half, even with “weakness into late Q3.” They also wrote that a “less hawkish” Federal Reserve and “reduced recession risks would support the case for the current rally to continue through year-end.
The easiest way to play the benchmark index is by purchasing shares of an exchange-traded fund that tracks it. The largest is SPDR S&P 500 ETF Trust SPY, -0.82%. One easy way to gain exposure to this sector is the Communication Services Select Sector SPDR ETF XLC, -1.37%, which is 41% concentrated in Meta and the two Alphabet share classes.
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