Stocks

Unearthing Opportunities: A Look at S&P 500 Stocks with High Upside Potential

Published December 8, 2023

As the S&P 500 Index has climbed by an impressive 19% year-to-date, investors are on the lookout for stocks that might provide significant returns amidst a market inching towards the record highs set in January 2022. Within the index, several stocks have caught the attention of Wall Street analysts, who predict over 30% upside potential for them. Gaining deeper insights into these potential hidden gems could be key for investors looking for growth opportunities in the near future.

NVDA: Nvidia Corporation

NVDA, with its roots in Delaware and operations from Santa Clara, California, is a powerhouse in creating GPUs and SoCs for various markets. Its advancements in the gaming and automotive sectors are particularly notable, making it a tech sector favorite.

FSLR: First Solar, Inc.

FSLR is based in Tempe, Arizona, and caters to a diverse international market with its solar photovoltaic solutions, marking it as a green energy contender as the world tilts toward sustainable sources.

HAL: Halliburton Company

Operating in over 70 countries, HAL is synonymous with oilfield services and remains a key player in the energy sector, looking to leverage technology in hydrocarbon recovery.

ALB: Albemarle Corporation

Specializing in fine chemicals manufacturing, ALB out of Charlotte, North Carolina, commands attention for its role in specialized markets.

BKR: Baker Hughes Company

BKR, headquartered in Houston, stands as a giant in oilfield services, delivering an array of products and services across the oil and gas industry's lifecycle.

LVS: Las Vegas Sands Corporation

The entertainment and luxury resort landscape is heavily influenced by LVS, which operates from Paradise, Nevada, known for its grand casinos and resorts wowing guests from all corners of the globe.

CZR: Caesars Entertainment, Inc.

With a rich history and an expansive portfolio of over 50 properties, CZR epitomizes hospitality and entertainment in the casino industry, anchored in Reno, Nevada.

MRO: Marathon Oil Corporation

Exploration and production of hydrocarbons are the forte of MRO, the Houston-based enterprise that has cemented its place in the energy sector.

MRNA: Moderna, Inc.

At the forefront of biotechnological innovation, MRNA from Cambridge, Massachusetts, is pioneering mRNA-based medicines, striving to tackle numerous diseases and forging a path in medical science.

stocks, analysis, markets