Amid the market volatility, according to Wall Street analysts, there are some names that stand out as winners. The stock market, which had made recent gains this summer, took a turn for the worse last week. The S&P 500 broke its four-week winning streak Friday as experts debated whether or not the market’s recent rally was a bear market bounce. The index is up about 15% since its daytime low of June 17. When investing in this environment, it pays to focus on the fundamentals, which analysts overlook when deciding whether to recommend a stock. What follows are companies much loved by Wall Street analysts. To find these names, CNBC Pro looked for stocks with buy ratings of at least 60% of the analysts who took them and upwards to the median price target of at least 10%. All names are in the S&P 500. The data below on buy ratings and median price targets is from FactSet. Signature Bank tops the list with 100% of analysts covering the stock and giving it a buy recommendation. It has upside potential of 27% from the analysts’ average price target. In a note earlier this month, Bank of America analyst Ebrahim H. Poonawala wrote that Signature was one of the banks that “offer an interesting risk/return given their secular growth potential.” Howmet Aerospace and Steris follow Signature with 85.7% of analysts rating the stock as a buy. Howmet, which is up 18% so far, is up 11.9% based on analysts’ average price target. Steris, a provider of medical products and services, reported a quarterly profit earlier this month that was slightly below expectations. However, analysts at JPMorgan said in a post-release note that “aside from the current macroeconomic headwinds, STE’s business remains strong.” Steris is up 12.1% from the median price target. When it comes to those with the biggest potential gains ahead, Schlumberger stands out from the crowd with 34.7% upside, according to analysts’ average price target. The oilfield services company, which is benefiting from the rise in oil prices, is already up about 24% so far. Of the analysts who cover the stock, 82.1% rate it as a buy. Alaska Air and Generac Holdings may also be able to make big profits. Both have a rate of increase of 31.7%, according to analysts’ median price targets. Of the analysts who follow Alaska Air, 84.6% rate it as a buy, while 81.8% of the analysts who follow Generac Holdings give it a buy recommendation. Alaska Air is down nearly 13% this year and Generac Holdings is over 27%.
#Wall #Streets #Favorite #Stocks #Analysts #Theyre