Stocks to Watch: T-Mobile, Microchip Technologies, and more...

Recovering High Flyers

Inside.com Part of   Network August 21, 2022

Hey Insiders,  Today we will look at stocks that had long-term positive trends before the economic downturn in late 2021 and that have led the resurgence in markets since June 2022. The theory behind looking at these stocks is that the downturn was largely due to macroeconomic forces, and they will be amongst the first to pick up their positive momentum and surge in the coming months and years.  Liam

Stock to Watch: T-Mobile US (NASDAQ: TMUS) T-Mobile is a telecommunications stock that is up 26.5% so far this year.  The stock has an 80.6% buy rating from Wall Street analysts with an upside of 17.8% based on the consensus target price.  The company's 200-day average is 125.2, and the stock is currently trading 17.2% above that average.  The stock has already gained 18% since the markets bottomed in June.

Stock to Watch: Microchip Technology Incorporated (NASDAQ: MCHP) Microchip is a technology stock that is down 14.7% so far this year.  The stock has a 65.4% buy rating from Wall Street analysts with an upside of 15.6% based on the consensus target price.  The company's 200-day average is 72.9, and the stock is currently trading 1.9% above that average.  The stock has already gained 30% since the markets bottomed in June.

Stock to Watch: Copart (NASDAQ: CPRT) Copart is a consumer cyclicals stock that is down 13.3% so far this year.  The stock has a 70% buy rating from Wall Street analysts with an upside of 17.7% based on the consensus target price.  The company's 200-day average is 127.4, and the stock is currently trading 3.1% above that average.  The stock has already gained 27.9% since the markets bottomed in June.

Stock to Watch: Global Payments (NYSE: GPN) Global Payments is a finance stock that is up 0.8% year to date.  The stock has a 66.7% buy rating from Wall Street analysts with an upside of 22.9% based on the consensus target price.  The company's 200-day average is 130.6, and the stock is currently trading 4.3% above that average.  The stock has already gained 27.3% since the markets bottomed in June.

Stock to Watch: AES Corporation (NYSE: AES) AES is a utility stock that is up 3.6% year to date.  The stock has a 78.6% buy rating from Wall Street analysts with an upside of 11.1% based on the consensus target price.  The company's 200-day average is 22.6, and the stock is currently trading 11.2% above that average.  The stock has already gained 32.9% since the markets bottomed in June.

Stock to Watch: SolarEdge Technologies (NASDAQ: SEDG) SolarEdge is a technology stock that is up 15.5% year to date.  The stock has a 66.7% buy rating from Wall Street analysts with an upside of 16.5% based on the consensus target price.  The company's 200-day average is 290.3, and the stock is currently trading 11.7% above that average.  The stock has already gained 27.6% since the markets bottomed in June.

Stock to Watch: AMETEK (NYSE: AME) AMETEK is an industrials stock that is down 11.9% so far this year.  The stock has a 68.4% buy rating from Wall Street analysts with an upside of 14% based on the consensus target price.  The company's 200-day average is 129.3, and the stock is currently trading 0.2% above that average.  The stock has already gained 19.7% since the markets bottomed in June.

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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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