Downbeat Wall Street Backed Stocks (2/2)
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Hey Insiders, By request, today we will look at more stocks that are down so far this year but have strong support amongst Wall Street analysts. This is part two of a two-part newsletter that began with yesterday's issue. As a reminder, the criteria for the stocks we will be looking at are as follows: - Buy rating over 50%
- 15% or more implied upside
- Negative performance year to date
If you have any suggestions for trends or stocks to watch next weekend, please reach out on Twitter. Onward and upward, |
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 Stock To Watch: Mastercard (MA) - This finance stock is down 7.6% year to date.
- The stock has a 72.2% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 28.9% over the next 12 months.
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 Stock To Watch: Global Payments (GPN) - This finance stock is down 7.4% year to date.
- The stock has a 66.7% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 33.5% over the next 12 months.
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 Stock To Watch: Corning (GLW) - This materials (non-energy related) stock is down 7% year to date.
- The stock has a 58.8% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 16.8% over the next 12 months.
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 Stock To Watch: Visa (V) - This finance stock is down 6.4% year to date.
- The stock has a 71.4% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 28.5% over the next 12 months.
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 Stock To Watch: PTC (PTC) - This technology stock is down 5.4% year to date.
- The stock has a 62.5% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 26.4% over the next 12 months.
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 Stock To Watch: Synopsy (SNPS) - This technology stock is down 3.7% year to date.
- The stock has a 66.7% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 22.7% over the next 12 months.
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 Stock To Watch: Ulta Beauty (ULTA) - This technology stock is down 0.2% year to date.
- The stock has a 51.6% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 17% over the next 12 months.
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Additional Picks The following are a few stocks that don't meet our criteria as they have positive returns year to date. Nonetheless, I believe they should be considered by those looking for undervalued stocks in industries that have been disproportionately impacted by the economic downturn. Fiserv (FISV) - This technology stock is even year to date.
- The stock has a 51.5% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 20.9% over the next 12 months.
Electronic Arts (EA) - This technology stock is up 0.2% year to date.
- The stock has a 62.5% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 17.9% over the next 12 months.
Solard Edge (SEDG) - This technology stock is up 2.6% year to date.
- The stock has a 66.7% buy rating from Wall Street analysts.
- The implied upside based on the average target price from wall street analysts is 29% over the next 12 months.
T-Mobile (TMUS) - This technology stock is up 23.3% year to date.
- The stock has an 80.6% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 19.3% over the next 12 months.
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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 in Vancouver, Canada.
|   | | Editor | Gregory Bridgman is a writer and researcher with an academic background in politics and the philosophy of science and technology. He holds a BA from the University of Cape Town, an MS from University College London, and a Ph.D. from the University of Cambridge. He is interested in climate issues, technological changes, and the implications of the fourth industrial revolution. Please feel free to contact me at gregory@inside.com! | |
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