As investors switch gears up for the fourth quarter starting Friday, Wall Street analysts love certain stocks and see upside ahead. The S & P 500 is set to close the third quarter slightly higher, with gains muted by a negative September performance. The index is on track to break a 7-month win streak, battling seasonal weakness, Federal Reserve tapering fears and global growth concerns. For the year, the S & P 500 is up about 15% as of Thursday midday. The index sits nearly 5% lower than its high notched Sep. 2. To find the names Wall Street thinks could take the market higher in the coming quarter, CNBC Pro identified the stocks with at least 70% of analysts say to buy. We then found the top 10 stocks from that pool ranked by consensus 12-month price target upside. Take a look at CNBC Pro's list. (Source: FactSet. As of Sept. 29, 2021.) The names on our screen skew toward the economic recovery with plenty of industrial and financial names. The list also includes a couple defensive stocks like utilities and health care names. Topping the list for potential upside is News Corp , the parent company of The Wall Street Journal-publisher Dow Jones. Analysts on average see the stock rallying 37.4% in the next 12-months. The stock is also outperforming the market this year, rising 33% compared with the S & P 500's 16% gain. Alaska Air Group is the most liked stock on the Street from the screen. The airline stock has a buy rating from 93% of analysts covering the name. Analysts think Alaska Air can rise 27.7% in the next year. Power generator company Generac makes CNBC Pro's screen and has the best year-to-date performance out of the list. The stock has gained nearly 80% as of Wednesday's close. Wall Street thinks Generac has more room to run with consensus potential upside of 25.4%. Other names to make CNBC Pro's screen include General Motors , T-Mobile and PayPal .
A file photo of the Alaska Airlines plane stolen from Seattle-Tacoma Airport.
JK | Jetphotos.com
As investors switch gears up for the fourth quarter starting Friday, Wall Street analysts love certain stocks and see upside ahead.
NEXT PRO TALK
4 Days Remaining
Wed, Apr 5 2023 - 1:15pm