Don't worry, you didn't completely miss out. There's still time to buy some S&P 500 stocks that already have huge gains.
Twelve stocks already up 20% or more this year, including General Motors, United Airlines and Amazon.com, will gain 10% or more in the next 12 months. So says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
And that makes these S&P 500 companies big-time standouts. Usually, S&P 500 stocks with the most bullish analysts' targets are down on the year. But with these stocks, the upside momentum is already there.
GM Better Than Tesla?
GM may not be in the Magnificent Seven, like Tesla, but it's actually looking better than its EV rival now.
Just this year, shares of GM are up 25.6%. Shares of Tesla, on the other hand, are down nearly 30%. Additionally, analysts think GM shares are good for a 22.8% gain in the next 12 months. That's the top expected gain among any S&P 500 stock already up 20% or more this year. In contrast, analysts only see 3.7% upside in shares of Tesla.
That's not to say no Magnificent Seven stocks offer a second chance. Amazon.com, for instance, is up 20.8% this year. And analysts think it will rally another nearly 19% in 12 months. Meta Platforms, too, is up 32.5% this year. Analysts are calling for an another 11% gain over the next 12 months.
Big Upside Coming?
Some of the gains analysts see coming from S&P 500 winners are significant. Analysts think United Airlines will rise another 22.6% in 12 months. That's especially impressive coming off a 32.4% gain this year so far.
In fact, analysts think the 12 S&P 500 stocks up 20% or more this year are good for an average gain of 15.2% in a year. That's enough to keep most investors interested — even in the summer.
More Gains For Big S&P 500 Winners
| Company | Ticker | Year-to-date % ch. | Upside to analysts' target |
|---|---|---|---|
| General Motors | 25.6% | 22.8% | |
| United Airlines | 32.4% | 22.6% | |
| Amazon.com | 20.8% | 18.7% | |
| Catalent | 22.4% | 15.5% | |
| Western Digital | 39.5% | 14.9% | |
| General Electric | 24.8% | 14.5% | |
| Super Micro Computer | 218.0% | 14.2% | |
| Hasbro | 21.6% | 13.9% | |
| Delta Air Lines | 31.7% | 11.9% | |
| Diamondback Energy | 27.6% | 11.5% | |
| Meta Platforms | 32.5% | 11.0% | |
| Valero Energy | 26.0% | 10.7% |
