Street picks: 10 stocks that are ready to drop

Published Mon, Mar 2 201510:01 AM EST

As the market marches to new highs, about 20 percent of the stocks in the S & P 500 could be due for a pullback, according to analysts' price forecasts. Recent figures show that one-fifth of the S & P 500 components surpassed consensus levels from Wall Street firms and 10 percent are trading at or near those levels. Most of these stocks belong to the consumer discretionary and tech sectors—both up more than 7 percent in the past month. So perhaps that's been too much, too fast. While Apple didn't make the list, the world's biggest company did close at a record price of $133 last Monday, 15 cents away from the consensus price forecast set by 41 financials analysts. The stock is currently off 3 percent from that level after climbing 18 percent last month. Of the 100 stocks that are expected to fall, the chart displays the ones that are facing the biggest potential drop. Source: CNBC, FactSet With data from FactSet, CNBC screened for stocks in the S & P that could be due for a drop. Even though analysts tend to be overly bullish, the names mentioned on this article have blown past the average price forecast for the next 12 months. Consider Motorola Solutions , which is trading more than 7 percent above its target price. The stock rallied 22 percent from the market low on Oct. 15 to a recent high of $70.26, but retracted 4 percent since then. "Unless the company [Motorola Solutions] is able to return to growth, we think operating leverage and increased cash flow generation will not happen," Deutsche Bank said in a recent note. The bank points to the "lack of a real catalyst here" and rates the stock a "hold" with a target of $60. Read More The 5 best ideas on Wall Street this week Within the 10 stocks on the list, the average return over the past six months stands at 13 percent compared with a gain of 5 percent for the S & P. Coach and VeriSign are up more than 16 percent in the past month alone. Both stocks have short interest as a percentage of float of 9 percent and 17 percent, respectively. If analysts haven't ratcheted up price targets after six months of strong gains, they may be telling us that it's time for a pause or drop in these shares. All the stocks here have a consensus "hold" rating, according to FactSet, with the exception of Campbell Soup, which has an "underweight" rating. But those who follow analysts closely know that price targets show their true feelings. Estimates for Campbell were recently lowered to $42 from $43 at JPMorgan, due to concerns over "currency and inflationary headwinds to gross margin." The firm, which has an underweight rating on the stock, highlighted that it remains "cautious on fundamentals."

People in an Apple Store in Chongqing, China.

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As the market marches to new highs, about 20 percent of the stocks in the could be due for a pullback, according to analysts' price forecasts.