The stock market has started the year strong with the S&P 500 up by 11.76% so far. However, the bullish outlook may not last as Morgan Stanley strategists predict that corporate earnings will slow down, causing the stock market to lose steam towards the end of the year. The bank forecasts a 16% drop in earnings per share (EPS) for the S&P 500, with the index ending the year at 3,900.
Despite the bearish outlook for the overall market, investors can still find opportunities in certain stocks. However, with hundreds of opinions from analysts, it can be overwhelming to pick and choose which ones to invest in.
TipRanks, a fintech company that uses artificial intelligence to analyze stock market data, has compiled a list of 30 stocks with a strong buy rating. These stocks have been recently analyzed by top analysts who have TipRanks’ four or five-star ratings based on three main criteria.
The list includes each stock’s price target and the percentage gains that top analysts predict. The stock with the highest upside potential is Inpixon, which analysts foresee could increase by up to 500%.
With this list, investors can have a better understanding of which stocks are gaining attention from analysts right now.
