Published on 14 Jul 2023 on Insider Monkey via Yahoo Finance

20 Stocks Wall Street Analysts Expect to Dive The Most

In this piece, we will take a look at 20 stocks that Wall Street analysts expect to dive the most. If you want to skip our analysis of the stock market and want to jump to the top five stocks in this list, then take a look at 5 Stocks Wall Street Analysts Expect to Dive The Most.

July has been a cracker of a month for the stock market. Investors entered the year with bated breaths, as talk of a recession in the U.S. reached a feverish pitch. However, the boom in artificial intelligence pushed markets to record highs. This rally was smack in the face of a bearish sentiment that had worried that the uptick in the market that had started in September last year was actually a bear trap.

From the onset of the second quarter of 2023, the picture around the stock market started to gradually change. The first major shift in sentiment that hinted that perhaps there really is light at the end of the tunnel came in June in the form of the May jobs report for America released by the Labor Department. This report showed that while the number of jobs open for hiring grew in May, at the same time the unemployment rate also ticked up. The data was followed by the unemployment claims report for the week ending on June 3rd, 2023. This data set, which indicates the number of people that are filing for claims, ended up beating analyst estimates, as it sat at a multi-month high.