MarketBeat Week in Review – 3/11 – 3/15

Equities trended lower to end the week. The latest readings on inflation were a stark reminder that inflation is going to be above the Federal Reserve’s preferred 2% target for longer than hoped. That means interest rates are also likely to remain higher for longer as expectations for a June rate cut are fading rapidly.  

This combination of higher inflation and higher interest rates is not currently priced into corporate earnings. But analysts may start to sharpen their pencils. That means investors should watch carefully for downgrades and price target reductions before the start of the next earnings season in April. 

The wall of worry is getting taller, but all the major indexes are still higher for the year as it’s still a stock picker’s market. And MarketBeat is here to help. Our team of analysts enables you to focus on the stocks and stories that are moving the market. Here are some of our most popular stories from this week.    

Articles by Jea Yu 

This week, Jea Yu wrote about discrete semiconductors, a specific sector within the broader chip market that is refreshingly undervalued. But perhaps not for long. Read his article to learn more about what these chips do and for two stocks that appear to be getting ready to make a bullish move.  

Target Co. NYSE: TGT shares have been under pressure for nearly a year as the company has disappointed on the top line. But Yu writes that TGT stock gapped up sharply after another outsized earnings beat that reminded investors there may still be some value to unlock in the retail sector. 

Yu also wrote about the double beat and bullish forward guidance issued by Medtronic PLC NYSE: MDT. It’s been a choppy ride for the medical device maker since 2020. However, as Yu points out, that hasn’t prevented this dividend aristocrat from increasing its dividend, which adds to the value of owning MDT stock.   

Articles by Thomas Hughes 

This week, investors heard from Broadcom Inc. NASDAQ: AVGO as the company reported its first quarter earnings for 2024. Thomas Hughes explains why the stock may be moving lower after the bullish report and why that may be a buyable dip. 

Adobe Inc. NASDAQ: ADBE is another stock correcting after earnings. But in this case, it’s because the company’s forward guidance was only in-line with analysts’ expectations. As Hughes explains, the company met expectations. However, in-line guidance at a time of elevated valuations is perceived as cautious, causing analysts to move their price targets lower.  

As concerns grow over a significant correction in the S&P 500, many investors may be looking to find stocks that offer value and yield. Hughes suggests investors look to small- and mid-cap stocks and offers five mid-cap stocks that are well positioned for a turnaround.  

Articles by Sam Quirke 

Quirke was also looking at a potential tasty setup for . The stock has been selling off since January, and a weak earnings report did nothing to help. Still, Quirke explains why recent analyst upgrades point to an .  

Articles by Kate Stalter  

So far, large-cap stocks have led the market higher in 2024 as they did in 2023. However, Kate Stalter points out that many analysts believe it’s time for small-cap stocks to break out of their prolonged slump. This week, Stalter gave investors three of the top small-cap stocks that are poised for significant growth. 

Another opportunity for growth-oriented investors may come from looking at t. In the article, Stalter explains how the S&P 500 components are selected and why investors may want to look for growth outside the sector. 

Articles by Ryan Hasson 

As investors know, many of the have been less than magnificent in 2024. However, Ryan Hasson analyzes why it might be time for you to consider these .  

Hasson also wrote about the shift that growth-oriented investors are making away from overvalued big tech stocks and into extremely oversold stocks. Hasson provides a list of five oversold stocks and explains why you may or may not want to buy them, but they should be on your watchlist.  

Hasson also had some oversold stock picks for dividend-conscious investors. In an uncertain market, these stocks offer above-average dividend yields and positive analyst sentiment, which make them good choices in an uncertain economic backdrop.  

Articles by Gabriel Osorio-Mazilli 

The super cycle in the chips sector is being fueled, in part, by the Chips and Science Act that rewards companies who are onshoring their fabrication plants. However, Gabriel Osorio-Mazilli reminds investors that those companies still need components to power their expansions, and that’s why they should consider Taiwan Semiconductor Manufacturing Co. NYSE: TSM, which is also projected to receive $5 billion from the next round of funding.  

Osorio-Mazilli also looked at two stocks among Goldman Sachs’s top picks. In the industrial sector, Goldman likes the double-digit upside of Mueller Water Products Inc. NYSE: MWA. The “boring” company is forecast to get a boost from the need for continued infrastructure spending.  

Turning to the tech sector, Goldman is bullish on cybersecurity, and Sentinel One Inc. NYSE: S stands out because it has upside potential that hasn’t already been priced into the company’s valuation.  

Before you consider Target, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Target wasn’t on the list.

While Target currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here