Despite the high valuations of the S&P 500, there is still a chance for a bargain in the stock market heading into 2025. As broad market indexes soar in 2024, stocks are getting more expensive. The S&P 500 has gained more than 27% this year and is expected to post annual returns of more than 20% for the second consecutive year. The Nasdaq is up more than 34% in 2024, while the Dow Jones Industrial Average is up 16%. Against this backdrop, CNBC Pro used the following criteria to screen for stocks that can still offer investors solid value in a market where valuations remain elevated: Stocks must trade at a discount to the S&P 500 sector over the next 12 years and industry selling at a discount – monthly estimated price-to-earnings ratio. Analysts polled by FactSet believe there is still room for upside to the stock’s average 12-month price target. Shares are up at least 5% in the past month. Here are some names that caught our attention. Shares of casino operator Wynn Resorts fell slightly in 2024. The company last month gave an update on its upcoming Wynn Al Marjan Island resort in the United Arab Emirates, which is expected to open in 2027. Ulta Beauty has also emerged as an attractive value stock. The company’s shares have gained about 16% over the past month, but are still set to fall 14% in 2024. Exceeded expectations. ULTA YTD Mountain Ulta Beauty In Stock. Other stocks on the screen include Ralph Lauren and Enphase Energy.
These stocks are still cheap relative to the expensive S&P 500 | Real Time Headlines
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