Still sitting out of the stock market, afraid you're too late to the party to jump in now? Tired hearing about all the other investors who are making money on stocks — while you're not — as the market hits new highs?
There's a tiny group of seven companies in the broad Standard & Poor's 1500 index, including computer chipmaker Xilinx, airline Delta Air Lines and computer storage company EMC, that could be your ticket to starting to catch up, if analysts are right in saying they still have upside.
Each of these stocks are endorsed by a number of analysts known for doing deep homework. They not only get the coveted "5″ "STAR" stock rating from S&P Capital IQ but also are rated "very attractive" or "attractive" by stock research firm New Constructs. And finally, all of these stocks have room to grow before hitting the median price target from all the Wall Street analysts who cover the stocks. Each of these stocks are still below analysts' collective best guess at where the stocks will be trading at in 12 months.
Xilinx is the most alluring of this very select group, when comparing the current stock price to what the Wall Street analysts guess the stock is capable of. The company, which designs and develops circuit boards for electronics, is still 20% below the median target price of $55.00 analysts are predicting. The company barely beat earnings estimates in the first quarter of 2014. But analysts are calling for the company to earn an adjusted profit of 61 cents a share in the current quarter, up nearly 9% from the same period a year ago.