Buy These 4 S&P 500 Year-to-Date Laggards With Solid Near-Term Upside

Zacks09-27

U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470083433?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/SZN1KtruvN1kE7KHISHrJw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/124f1f4e4fcc578e5486ea52e0d08740","is_english":true,"pubTime":"2024-09-27 20:07","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2470083433","market":"us","top_or_hot":-1,"title":"Buy These 4 S&P 500 Year-to-Date Laggards With Solid Near-Term Upside","media":"Zacks","content":"<div>\n<p>U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-4-p-500-date-120700693.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy These 4 S&P 500 Year-to-Date Laggards With Solid Near-Term Upside</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy These 4 S&P 500 Year-to-Date Laggards With Solid Near-Term Upside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-27 20:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buy-4-p-500-date-120700693.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-4-p-500-date-120700693.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PFE","symbol_name":"辉瑞","start_time":0,"source_url":"https://finance.yahoo.com/news/buy-4-p-500-date-120700693.html","article_id":"2470083433","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SZN1KtruvN1kE7KHISHrJw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/124f1f4e4fcc578e5486ea52e0d08740"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470083433","pubTimestamp":1727438820,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large section of financial pandits, who indiscriminately warned of overvaluation.Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 11.8%, 21.1%, and 23.2%, respectively. Despite this strong northbound movement, more than 150 stocks within the broad-market index — the S&P 500 — significantly lagged the benchmark itself this year.We have narrowed our search to five such stocks — Carnival Corporation & plc CCL, Pfizer Inc. PFE, Zoetis Inc. ZTS and Teledyne Technologies Inc. TDY.Year to date, these stocks have provided either negative returns or returns below 1%. However, these stocks have strong price upside potential for the short term. Each of our picks carries either a Zacks Rank #1  or 2 . You can see the complete list of today’s Zacks #","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PFE":"辉瑞","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","COMP":"Compass, Inc.","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","BK4585":"ETF&股票定投概念","SG9999002232.USD":"Allianz Global High Payout USD","LU1941712264.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"A\" (USD) INC","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","BK4007":"制药","SG9999002224.SGD":"Allianz Global High Payout SGD","CCL":"嘉年华邮轮",".SPX":"S&P 500 Index","BK4559":"巴菲特持仓","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4568":"美国抗疫概念","BK4550":"红杉资本持仓","VOO":"Vanguard标普500ETF","OEX":"标普100","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","CUK":"嘉年华存托凭证","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","ZTS":"Zoetis Inc.","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","BK4142":"酒店、度假村与豪华游轮","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","TDY":"Teledyne Technologies Inc","OEF":"标普100指数ETF-iShares","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IVV":"标普500指数ETF","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0385154629.USD":"贝莱德营养科学基金A2","UPRO":"三倍做多标普500ETF","LU0079474960.USD":"联博美国增长基金A","BK4564":"太空概念","SPY":"标普500ETF"},"translate_title":"买入这4只标普500指数今年迄今表现落后且近期上涨空间强劲的成分股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZTS":1,"VOO":1,".SPX":1,"SPY":1,"CCL":1,"PFE":0.9,"TDY":0.9,"CUK":0.9,"COMP":0.9,"US6M.BOND":0.75,"US3Y.BOND":0.75,"US30Y.BOND":0.75,"US2Y.BOND":0.75,"US12M.BOND":0.75,"US10Y.BOND":0.75,"US5Y.BOND":0.75,"US7Y.BOND":0.75,"OEF":0.6,"SDS":0.6,"US912797HE00.BOND":0.6,"SH":0.6,"SPXU":0.6,"US912797GW17.BOND":0.6,"SSO":0.6,"UPRO":0.6,"ESmain":0.6,"IVV":0.6,"OEX":0.6},"content_text":"U.S. stock markets have been witnessing an impressive rally since the beginning of 2023 barring some minor hurdles. Wall Street’s bull run has got an added boost this year, to the surprise of a large section of financial pandits, who indiscriminately warned of overvaluation. \nYear to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 11.8%, 21.1%, and 23.2%, respectively. Despite this strong northbound movement, more than 150 stocks within the broad-market index — the S&P 500 — significantly lagged the benchmark itself this year. \nWe have narrowed our search to five such stocks — Carnival Corporation & plc CCL, Pfizer Inc. PFE, Zoetis Inc. ZTS and Teledyne Technologies Inc. TDY.\nYear to date, these stocks have provided either negative returns or returns below 1%. However, these stocks have strong price upside potential for the short term. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. \nA Near-Term Positive\nLast week, the Fed initiated the first cut interest rate since March 2020 with an aggressive reduction of 50-basis points. Further, the Fed’s latest “dot-plot” showed the possibility of another 50-basis points cut this year. These developments will enable Wall Street to maintain its northbound journey.\nAt the same time, the fundamentals of the U.S. economy remain rock solid. The U.S. GDP grew at 1.4% in first-quarter 2024. The second-quarter GDP was 3%. On Sept. 18, the Atlanta Fed GDPNow projected a 2.9% GDP growth rate for the third quarter. Investors seem convinced that the big rate cut by the Fed was to ensure the soft-landing of the U.S. economy.\nBuy 4 S&P 500 Laggards With Solid Price Upside\nThese four S&P 500 laggards of this year have double-digit upside left for the rest of 2024.\nThe chart below shows the price performance of our four picks year to date.\nImage Source: Zacks Investment Research\nCarnival Corp. & plc\nCarnival reported impressive second-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. This was driven by sustained demand strength and increased booking volumes at significantly higher prices. CCL reported strong booking momentum for 2025, with record volumes surpassing the 2024 levels in price and occupancy. \nCCL’s focus on marketing campaigns and fleet-optimization efforts, along with fleet expansion initiatives is encouraging. Given the uptrend, CCL raised its fiscal 2024 adjusted EPS expectations to $1.18 from the previous expectation of $0.98.\nSolid Earnings Estimate Revisions for CCL Stock\nZacks Rank #1 Carnival has an expected revenue and earnings growth rate of 15% and more than 100%, respectively, for the current year (ending November 2024). The stock has seen positive earnings estimate revisions for the current quarter, next quarter, current year and next year in the last 60 days.\nRobust Price Upside for CCL Stock\nYear to date, CCL has provided a return of 0.7%. The average price target of brokerage firms represents an increase of 25% from the last closing price of $18.68. The brokerage target price is currently in the range of $14-$27.\nPfizer Inc.\nPfizer is one of the largest and most successful drugmakers in the field of oncology. PFE’s position in oncology was strengthened with the addition of Seagen. Oncology sales comprise more than 26% of its total revenues. PFE’s oncology revenues grew 23% on an operational basis in the first half of 2024 driven by drugs like Xtandi, Lorbrena, Braftovi-Mektovi combination and Seagen’s cancer drugs.\nPfizer has committed significant resources toward the development of treatments in the fields of oncology, internal medicine, rare diseases, immunology, inflammation, vaccines and hospitals.\nPFE Shares’ Earnings Estimate Revisions on the Rise\nZacks Rank #2 Pfizer has an expected revenue and earnings growth rate of 5.1% and 42.4%, respectively, for the current year. The stock has seen positive earnings estimate revisions for the current quarter, next quarter, current year and next year in the last 60 days.\nSolid Price Upside Potential for PFE Shares\nYear to date, PFE has provided a return of 0.6%. The average price target of brokerage firms represents an increase of 15% from the last closing price of $28.97. The brokerage target price is currently in the range of $27-$45.\nZoetis Inc.\nZoetis has benefited from increased companion animal product sales. ZTS has an innovative pet care parasiticides portfolio, including Simparica Trio and key dermatology products, which are maintaining their momentum. \nThe strong uptake of Librela and Solensia in Europe, ZTS’ new monoclonal antibody therapies for osteoarthritis pain in dogs and cats, has boosted sales. The launch of Librela in the U.S. market is fueling growth. ZTS announced a 15% hike in dividend payments from the quarterly rate paid in 2023, starting first-quarter 2024.\nStrong Earnings Estimate Revisions for ZTS Stock\nZacks Rank #2 Zoetis has an expected revenue and earnings growth rate of 7.5% and 9.6%, respectively, for the current year. The stock has seen positive earnings estimate revisions for the next quarter, current year and next year in the last 60 days.\nImpressive Price Upside Potential for ZTS Stock\nYear to date, ZTS has provided a negative return of 1.3%. The average price target of brokerage firms represents an increase of 14.9% from the last closing price of $194.87. The brokerage target price is currently in the range of $196-$248.\nTeledyne Technologies Inc.\nTeledyne Technologies’ growth prospects remain solid, backed by the encouraging U.S. defense spending provisions as well as solid projections for commercial air travel. Increasing global geopolitical instability has led to solid order flows for TDY. \nApart from generating organic growth, TDY has also been gaining substantially from strategic acquisitions. TDY holds a strong solvency position, at least in the near term. Our model predicts total revenues to increase in the 2025 and 2026 period.\nPositive Earnings Estimate Revisions for TDY Shares\nZacks Rank #2 Teledyne Technologies has an expected revenue and earnings growth rate of 5.1% and 11.5%, respectively, for next year. The stock has seen positive earnings estimate revisions for the next quarter, current year and next year in the last 30 days.\nStrong Price Upside Potential for TDY Shares\nYear to date, TDY has provided a negative return of 2.3%. The average price target of brokerage firms represents an increase of 10.1% from the last closing price of $436.19. The brokerage target price is currently in the range of $450-$520.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCarnival Corporation (CCL) : Free Stock Analysis Report\nPfizer Inc. (PFE) : Free Stock Analysis Report\nTeledyne Technologies Incorporated (TDY) : Free Stock Analysis Report\nZoetis Inc. (ZTS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470083433"}