Enthusiasm for stocks has improved across the board. Here are the lists of analysts’ favorite stocks within the sectors they like best:
If you were asked which stock market sector was the favorite among analysts who work for Wall Street brokerage firms, you would most likely say “tech.” And you would be right. But you might be surprised that the industrial and materials sectors are also heavily favored.Ratings from the top down Here’s a breakdown of sentiment among analysts polled by FactSet for ratings among the 11 sectors of the S&P 500 SPX, +0.
Sentiment is higher even though the index’s forward price-to-earnings ratio has increased to 21.5 from 18.4 at the end of 2019. Unprecedented federal stimulus, the excitement of a new period for economic growth, the increase in the money supply springing from the Federal Reserve’s bond purchases, and negative long-term interest rates in Europe and Japan have all made the U.S. stock market an attractive home for investors’ cash.
The following are lists for the six favored sectors of the S&P 500. For each sector, the top five companies, by percentage of analysts rating the shares a “buy” or the equivalent, are listed. Or six in the event of a tie. The listed stock with the most upside potential over the next year, according to the analysts, is ServiceNow Inc. NOW, +0.28%, which gets the “buy” nod from 91% of analysts.
PayPal Holdings Inc. PYPL, +0.98% is tied with Fiserv Inc. with 85% “buy” ratings. Square Inc. SQ, -1.30%, a rival to PayPal, isn’t a component of the S&P 500; it is rated a “buy” by 55% of analysts polled by FactSet.Industrial sector Here are the five S&P 500 industrials with the highest percentages of “buy” ratings:
Financial sector The financial services also has a tie, with 81% “buy” ratings for MetLife Inc. MET, -0.26% and BlackRock Inc. BLK, -0.05% :
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