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Even after a very strong 2023 in which the S&P 500 surged about 24%, the market is still red hot. The S&P 500 is up about 10% since the beginning of the year, and actually hit a new all-time high in March. Global stocks outside the U.S. are also seeing some heat, with the FTSE Allworld Ex US index up nearly 8% year-to-date. Many stocks are soaring and beating the broader market, but do some companies still have a chance to survive? CNBC Pro used FactSet to select stocks from his S&P 500 and Vanguard FTSE All World (ex-US) ETFs that have outperformed the market so far this year and are liked by analysts. We used the following criteria: It’s up more than 10% so far in 2023, outperforming the S&P 500. At least half of analysts rate the stock as a buy. Consensus price aims for at least 15% upside. Only five stocks rose off the S&P 500 screen: Amazon, Delta Air Lines, Marathon Oil Corporation, Micron Technology, and United Airlines. Analysts covering the stock deemed United Airlines to have the highest upside potential (37%). Of the five stocks, Micron Technology, which makes flash storage and memory for computers, cell phones and data centers, soared to its highest value since the beginning of the year (28.7%). Analysts expect significant upside potential (17.7%). Analysts have been bullish on Micron lately, calling it a derivative play on artificial intelligence. They believe this stock has further upside potential and is at the forefront of an AI bull market. These global stocks under the Vanguard FTSE All-World ex-US ETF were among those featured on the screen. Chinese battery stock CATL was added to the list. It was one of the stocks most likely to rise (34%). A number of Chinese tech stocks appeared on the screen, including NetEase and Meituan. Analysts rated the latter as having the most upside potential. Both stocks are listed in the United States.
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