Magical Trade
Tuesday, May 24, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

These are Wall Street’s 20 favorite stocks as the Fed’s Powell jolts the market with taper talk

by
November 30, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Investors unloaded stocks Tuesday after Federal Reserve Chairman Jerome Powell said it’s possible the central bank will remove stimulus faster than originally planned.

Powell, along with Treasury Secretary Janet Yellen, appeared before the Senate Banking Committee. He said it could make sense for the Federal Open Market Committee to wrap up its bond-buying program a few months earlier than anticipated, catching investors off-guard.

RELATED POSTS

Goldman Sachs says the selling won’t stop until this happens

Dow tumbles more than 400 points on Tuesday as the sell-off resumes on Wall Street

That would presumably accelerate the increase of long-term interest rates, setting up “competition” for the attention of income-seeking investors, who have looked to the stock market for yields during a long period of unprecedentedly low interest rates.

The Dow Jones Industrial Average
DJIA,
-1.86%

was down as much as 662 points (1.9%), while the benchmark S&P 500 Index
SPX,
-1.90%

was also down as much as 1.9%.

Read: Stock losses deepen as Powell says appropriate to consider faster taper

Over the coming weeks, if the Fed has a clear change in direction, a sustained downturn in stocks could create new buying opportunities for long-term investors.

For those who don’t want to wait, a list of Wall Street’s favorite stocks, based on 12-month price targets, is below.

Stock screen for taper time

The interest-rate landscape may look quite a bit different a year from now. Sell-side analysts (the ones working for brokerage firms) will incorporate their own expectations for interest rates and their effect on companies’ costs and (for the financial sector) interest margins.

Starting with the S&P 500, there are 92 stocks rated “buy” or the equivalent among at least 75% of sell-side analysts polled by FactSet. Here are the 20 among the 92 with the highest upside potential, based on consensus 12-month price targets and share prices at about 12:20 p.m. ET on Nov. 30:

Company

Ticker

Share “buy” ratings

Price – 12:20 p.m ET Nov. 30

Consensus price target

Implied 12-month upside potential

Global Payments Inc.

GPN,
-1.01%

85%

$118.35

$198.79

68%

Alaska Air Group Inc.

ALK,
-1.78%

93%

$47.85

$77.93

63%

Caesars Entertainment Inc.

CZR,
-3.65%

93%

$87.76

$138.23

58%

T-Mobile US Inc.

TMUS,
-4.05%

84%

$109.08

$168.08

54%

PayPal Holdings Inc.

PYPL,
-1.26%

83%

$181.12

$276.54

53%

Fidelity National Information Services Inc.

FIS,
-0.84%

76%

$103.37

$156.96

52%

PTC Inc.

PTC,
-0.67%

76%

$106.52

$160.92

51%

Teleflex Inc.

TFX,
-3.73%

75%

$301.03

$442.44

47%

News Corp. Class A

NWSA,
-0.92%

88%

$21.58

$31.63

47%

Southwest Airlines Co.

LUV,
-0.31%

87%

$43.49

$62.42

44%

Lamb Weston Holdings Inc.

LW,
-2.57%

78%

$51.92

$73.57

42%

Visa Inc. Class A

V,
-1.28%

92%

$193.97

$274.19

41%

Fiserv Inc.

FISV,
-0.97%

84%

$95.32

$133.04

40%

Howmet Aerospace Inc.

HWM,
-1.30%

85%

$27.88

$38.70

39%

Mastercard Inc. Class A

MA,
-2.50%

89%

$313.46

$434.66

39%

Schlumberger Ltd.

SLB,
-2.86%

85%

$28.61

$39.51

38%

Valero Energy Corp.

VLO,
-1.80%

81%

$66.16

$90.76

37%

Boston Scientific Corp.

BSX,
-1.35%

86%

$38.37

$51.64

35%

Cigna Corp.

CI,
-3.86%

77%

$193.85

$260.54

34%

Leidos Holdings Inc.

LDOS,
-2.92%

77%

$88.67

$116.90

32%

Click on the tickers for more about each company. Click here for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

ShareTweetPin

Related Posts

Goldman Sachs says the selling won’t stop until this happens

by
May 24, 2022
0

The current market downturn likely won't end until the Federal Reserve decides to reverse course on tighter monetary policy, according...

Dow tumbles more than 400 points on Tuesday as the sell-off resumes on Wall Street

by
May 24, 2022
0

Stock futures fell early Tuesday morning as the markets struggled to sustain a comeback rally following weeks of losses. Futures...

Georgia’s primary elections on Tuesday are pivotal. Here’s what to watch

by
May 24, 2022
0

Georgia Gov. Brian Kemp greets people as he campaigns during a Get Out the Vote cookout at the Hadden Estate...

Snap falls 40% on pace for worst day ever, dragging other stocks with it

by
May 24, 2022
0

In this article PUBM MGNI TTD TWTR GOOGL PINS FB SNAP ROKU Evan Spiegel, co-founder and chief executive officer of...

New Home Sales Decrease Sharply to 591,000 Annual Rate in April

by
May 24, 2022
0

by Calculated Risk on 5/24/2022 10:11:00 AM The Census Bureau reports New Home Sales in April were at a seasonally...

Next Post

Apple stock sticks out as it jumps into record territory while the Dow and the rest of its components drop

Dow drops 650 points on growing omicron fears, Powell taper comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • These are the global stocks to own if stagflation hits, according to Credit Suisse

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net