Published on 19 Apr 2024 on Benzinga
96% Of S&P 500 Stocks Show Upside Potential Vs. Street Estimates: Which Offers The Best Opportunity?...
Ninety-six percent, or 480 out of the 500 companies comprising the S&P 500 index, are trading at lower market values compared to Wall Street analysts’ price targets, signaling abundant potential profit opportunities for investors.
Thus far, April has marked the bleakest month for the U.S. stock market since September 2023, with the S&P 500 index, tracked by the SPDR S&P 500 ETF Trust SPY, falling by 3.7%.