High-performing stocks from past week
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Hey Insiders, I recognized an interesting trend in the markets this week when looking at the relationship between stocks' buy ratings and their performance. So today, I will look at stocks that were among the top 25 performers in the U.S. this week who are supported by less than 50% of the Wall Street analysts that follow them. | | |
U.S. Markets U.S. stocks were down on Friday, ending a four-week winning streak for the S&P 500. - Despite this, individual stocks still rose on the week, with earnings and industry trends heavily impacting individual stocks.
- Interestingly, many of the stocks that rose last week are not supported by Wall Street Analysts. Just three of the top 10 performers from the past week have a buy rating from over 50% of Wall Street Analysts.
- The current 10-Year U.S. Treasury yield is set at 2.97300%
Dow Jones | 33,706.74 | -0.86% | S&P 500 | 4,228.48 | -1.29% | Nasdaq | 12,705.22 | -2.01% | Russell 2000 | 1,957.35 | -2.17% | *Stock Market data as of the last closing bell. Data received directly from the references indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer. | |
Stocks to Watch: Kroger (NYSE: KR) - Kroger was up 6% last week.
- The stock has just an 8.8% upside to reach its median target price.
- The stock has a 29.2% buy rating from Wall Street analysts.
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Stocks to Watch: Coterra Energy (NYSE: CTRA) - Coterra was up 5.5% last week.
- The stock has a 14.5% upside to reach its median target price.
- The stock has a 36% buy rating from Wall Street analysts.
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Stocks to Watch: Cisco Systems (NASDAQ: CSCO) - Cisco was up 5.2% last week.
- The stock has just an 8.4% upside to reach its median target price.
- The stock has a 34.5% buy rating from Wall Street analysts.
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Stocks to Watch: Progressive (NYSE: PGR) - Progressive was up 5.0% last week.
- The stock has a 7.6% downside to reach its median target price.
- The stock has a 19% buy rating from Wall Street analysts.
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Stocks to Watch: Cboe Global Markets (BATS: CBOE) - Cboe was up 4.8% last week.
- The stock has just a 7.7% upside to reach its median target price.
- The stock has a 42.9% buy rating from Wall Street analysts.
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Stocks to Watch: JM Smucker Company (NYSE: SJM) - Smucker was up 4.2% last week.
- The stock has a 6.7% downside to reach its median target price.
- The stock has a 6.3% buy rating from Wall Street analysts.
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Mentions Other stocks that were up significantly this past week include Walmart, Keysight Technologies, and Take-Two Interactive. - Take-Two Interactive (NASDAQ: TTWO) is nearly 25% below its target price, but the stock has been downgraded by Bank of America this month and should expect its target price to fall in the coming months.
- Walmart (NYSE: WMT) has buy ratings from 56.8% of Wall Street analysts, but the company has a limited upside of just 8.6%.
- Keysight Technologies (NYSE: KEYS) also has more than half of Wall Street analysts supporting the stock at 57.1% but has just a 6.8% upside.
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| | Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law at Zargar Lawyers + Business Strategists in Vancouver, Canada. | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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