Wall Street Says These 10 Stocks Will Lead The Market Higher After The S&P 500’s New Record

Analysts say these stocks could see big upside over the next twelve months.

The S&P 500 hit a new record high on Monday, and then again on Wednesday this week, thanks in part to stocks like Apple (NASDAQ: AAPL), and JPMorgan (NYSE: JPM).

But even as the index reaches all-time highs, many investors are wondering which stocks will be leading the next leg higher.

According to analysts’ price targets there are ten big-name stocks that could help lead the market even higher: Amazon (NASDAQ: AMZN), Boeing (NYSE: BA), Disney (NYSE: DIS), Facebook (NASDAQ: FB), Johnson & Johnson (NYSE: JNJ), Merck (NYSE: MRK), Netflix (NASDAQ: NFLX), PayPal (NASDAQ: PYPL), Salesforce (NYSE: CRM), and UnitedHealth (NYSE: UNH).

Of the top 50 companies in the S&P 500, these ten stocks have the most upside ahead over the next twelve months according to analysts.

Despite their recent underperformance, three of the four FANG stocks—Facebook, Amazon, Netflix, and Google-parent Alphabet (NASDAQ: GOOGL, GOOG)—made the list, and analysts expect all to rally within the next year. 

Of the three FANG names, analysts say Netflix has the most upside ahead at 30.34%, while Facebook and Amazon have 24.14% and 23.35% expected upside, respectively, over the next twelve months.

Analysts say PayPal has the most upside ahead of the rest of the list at 22.85%, followed by Salesforce at 20.59%.

PayPal shares popped last week after showed that it had faster-than-expected growth in payments volume in its third quarter as well as higher-than-expected earnings than analysts had estimated. 

The digital payments company also said that its Venmo app saw its total payment volume increase 64% year-over-year to $27 billion in Q3. 

Nomura Instinet analyst Bill Carcache wrote in a note to clients that PayPal had successfully “obliterated the bear thesis… with [total payments volume] growth, revenue growth, operating margins, and core [earnings per share] all surprising positively,” and said Venmo had finally “monetized users.”

‘What stood out most to us was that the operating margin rose 207 [basis points year-over-year] and 25 [basis points quarter-over-quarter] to 23.4%,” SIG analyst James Friedman wrote in a note to clients, while also pointing out that Q3 represented the biggest quarter of margin expansion for PayPal since its IPO.

Salesforce doesn’t report until November 27. But Jeffries analyst Brent Thill recently issued a Buy rating for the stock with a $171 – nearly 10% higher than the current price. 

“We believe the CRM story embodies the best characteristics of the software sectors,” Thill wrote in a note to clients. “We believe the company’s growth profile… is under-appreciated by the market.”

Trending Ideas

Featured Stocks On The Move

Daily Rundown

Top 3 Stocks in Leading Sectors
  • 3 Steel Product Stocks To Buy Now

    Perma-Pipe International Holdings, Inc. (PPIH) Perma-Pipe International Holdings, Inc. specializes in engineered piping solutions for various industries, including oil and gas, district heating and cooling, and industrial applications. The company... Read More

  • 3 Oil Field Machinery Stocks To Buy Now

    Matrix Service Company (MTRX) Matrix Service Company provides engineering, fabrication, construction, and maintenance services to energy and industrial markets. The company operates through segments such as Storage and Terminal Solutions,... Read More

  • 3 Restaurant Stocks To Buy Now

    Brinker International, Inc. (EAT) Brinker International, Inc. is a leading casual dining restaurant company, operating well-known brands such as Chili’s Grill & Bar and Maggiano’s Little Italy. The company focuses... Read More

  • 3 Coal Stocks To Buy Now

    Natural Resource Partners L.P. (NRP) Natural Resource Partners L.P. is a master limited partnership that owns, manages, and leases a diversified portfolio of mineral properties in the United States. The... Read More

  • 3 Real Estate Developer Stocks To Buy Now

    IRSA Inversiones y Representaciones Sociedad Anónima (IRS) IRSA Inversiones y Representaciones Sociedad Anónima is a leading real estate company in Argentina, engaged in the acquisition, development, and management of diversified... Read More

  • 3 Gas Distribution Stocks To Buy Now

    New Jersey Resources Corporation (NJR) New Jersey Resources Corporation is an energy services holding company that provides regulated natural gas distribution services through its subsidiary, New Jersey Natural Gas. The... Read More

  • 3 Food Product Stocks To Buy Now

    The Chefs’ Warehouse, Inc. (CHEF) The Chefs’ Warehouse, Inc. is a premier distributor of specialty food products, serving high-end restaurants, hotels, and gourmet food stores across the United States and... Read More

  • 3 HVAC Stocks To Buy Now

    Featured Content Lennox International Inc. (LII) Lennox International Inc. is a global leader in energy-efficient climate control solutions, specializing in heating, ventilation, air conditioning, and refrigeration (HVACR) products. The company... Read More

  • 3 Hotel Stocks To Buy Now

    Featured Content Hyatt Hotels Corporation (H) Hyatt Hotels Corporation operates a global portfolio of luxury, full-service, and lifestyle hotels, as well as vacation properties. Known for its premium hospitality offerings,... Read More

  • 3 Tobacco Stocks To Buy Now

    Featured Content Turning Point Brands, Inc. (TPB) Turning Point Brands, Inc. is a consumer products company that manufactures and markets tobacco products and alternative smoking accessories. The company’s portfolio includes... Read More

  • 3 Life Insurance Stocks To Buy Now

    Featured Content F&G Annuities & Life, Inc. (FG) F&G Annuities & Life, Inc. specializes in annuities and life insurance products designed to meet the long-term financial planning needs of clients.... Read More

  • 3 Soft Beverage Stocks To Buy Now

    Featured Content Westrock Coffee Company (WEST) Westrock Coffee Company is a leading integrated coffee, tea, and extract service provider, offering comprehensive solutions from sourcing and roasting to packaging and distribution.... Read More