With the COVID-19 pandemic wreaking havoc on the stock market, it is becoming increasingly important to identify stocks that have the potential to outperform the broader market. According to a fintech company that tracks Wall Street’s top analysts’ price targets, TipRanks, 20 stocks have high upside, with one projected to beat the market by an impressive 2,637%.
TipRanks is a data-driven financial services company that uses artificial intelligence and other techniques to compile and analyze data, including powerful tools for stock market research. Morgan Stanley’s chief US equity strategist forecasts a 20% plunge for the S&P 500, and the legendary Jeremy Grantham, the co-founder of GMO, believes it could hit a bottom as low as 2,000 points. Under such conditions, stock picking will be essential to make any positive returns.
So, TipRanks has created a list of 20 stocks that are rated “strong buy” by the top analysts on its platform. Every stock has a TipRanks smart score of 10 out of 10, which is a data-driven ranking system that takes into account Wall Street analyst ratings, corporate insider transactions, individual investor sentiment, financial blogger opinions, news sentiment, technicals, hedge fund manager activity, and fundamentals. This score helps to predict how a stock will perform relative to the broader market.
Among this list of stocks is GRWG, which is predicted to outperform by 2,637%. The other 19 stocks are equally viable options for investors looking to beat the market. These include Alibaba, Molina Healthcare LLC, IRBT, NIOF, CEIX, and more.
TipRanks is a comprehensive platform to access quality information on stocks. It provides a clear picture of what the top analysts on Wall Street believe is the best investment at any given time. If you are looking to outsmart the market in these turbulent times, you should look no further than TipRanks’ list of the top 20 stocks.
In addition to its stock market research, TipRanks is a revolutionary financial technology company that offers solutions to individual investors, hedge-funds, financial news websites, and brokerages. It operates a popular online platform that uses artificial intelligence to monitor the stock market, analyze millions of data points, and identify hidden patterns and relationships. In addition, the company’s analytics solutions provide users with information regarding stock analysis, news sentiment analysis, and more.
Jeremy Grantham, the co-founder of GMO, is the figurehead of TipRanks. He has over 45 years of investment experience and is considered one of the world’s leading investment strategists. His expertise has helped countless investors navigate the markets and make better-informed decisions. His portfolio compositions are mainly focused on environmental, social and governance issues. He is also an outspoken advocate for sustainable investing.
