September has been a historically weak month for stocks, but the Fed’s first rate cut in four years means markets have mostly bucked the trend so far. The S&P 500 is up about 1% so far this month and has gained about 8% since the stock market’s wild swings in late June. But risks such as the U.S. election, inflation and geopolitical conditions raise questions about the future direction of stocks. David Bianco, chief investment officer (Americas) at DWS, said in a note last week that the Fed “seems more concerned about preventing a recession than any potential pickup in inflation. I think the move (rate cuts) will Reducing the likelihood of a recession, I expect the yield curve will now steepen as a result. He added: “In my view, banks are likely to win… solid growth stocks in the healthcare and software sectors (with reasonable valuations). ) should be the same. Simon Webber, global head of equities at British asset manager Schroders, said: “After a strong nine months, equity markets are vulnerable to a correction, but company fundamentals are sound and volatility has increased. Where dislocations occur, repositioning creates opportunities. The UK remains one of the most attractive markets globally relative to its long-term history, Webber added, adding that the US is one of the most attractive markets in terms of valuations relative to its long-term history. The market’s valuations look “less demanding” as these stocks are driving up the S&P 500’s overall price-to-earnings ratio. Against this backdrop, CNBC Pro used FactSet to screen the S&P 500 and MSCI World Index. Find out which stocks have outperformed the market this year but could still outperform in the second half and beyond. Here are the criteria we used: Up more than 13% so far in 2024. The consensus price target offers room for at least 20% upside.
Analysts say these outperforming stocks are still poised to soar | Real Time Headlines
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