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☆ These 14 cheap stocks are off to a great start in 2024. Wall Street sees two jumping more than 30%
▼ + stars: | 2024-01-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Yet, shares in some companies are trading at steeper discounts than they have in recent history, presenting an opportunity for investors. The recent gains have led to bulls and bears claiming the stock market is overheated , making stock-picking a significant challenge. Amazon shares also featured on the CNBC Pro's stock screen despite rising by about 75% in 2023. The e-commerce giant's shares still remain more than 15% below their high in 2021 despite the company's continued growth. Analysts expect the stock to rise 18% over the next 12 months.

Persons: Intesa Organizations: CNBC Pro, FactSet, CNBC, Nvidia, AstraZeneca, Isuzu, ARC Resources, Tourmaline Locations: Swedish

☆ TipRanks reveals the top 10 Wall Street basic materials sector analysts
▼ + stars: | 2023-07-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized the 10 best analysts in the basic materials sector who delivered noteworthy returns and whose recommendations outperformed their peers. In the process, it analyzed every recommendation by analysts in the basic materials sector over the past 10 years. Then, TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate and the average return. Top 10 analysts from the basic materials sectorThe image below shows the most successful Wall Street analysts from the basic materials sector. T J Schultz — RBC CapitalT J Schultz has the 10th spot on the list, with a success rate of 63%.

Persons: Rafael Henrique, Lightrocket, TipRanks, Dan Payne, Bank Dan Payne, Payne, Leo Mariani — Roth MKM Leo Mariani, John Freeman — Raymond James Raymond James, John Freeman, Freeman, Poe Fratt, Global Partners Poe, Elvira Scotto —, Elvira Scotto, Vincent Lovaglio, Scott Hanold, Michael Harvey —, Michael Harvey, Harvey, Dalton Baretto, Canaccord Genuity Dalton Baretto, T J Schultz —, J Schultz Organizations: Bank, Birchcliff Energy, Resources, Vital Energy, Global Partners, Elvira Scotto — RBC, Crestwood Equity Partners, Mizuho Securities, Comstock Resources, RBC Capital RBC Capital, Matador Resources, Michael Harvey — RBC Capital, RBC Capital, Seven Generations Energy, Generations Energy, ARC Resources, T J Schultz — RBC, Targa Resources Locations: Canada

☆ Favorite income ideas of top performing funds cluster around similar stocks
▼ + stars: | 2023-01-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

CNBC Pro found four income funds that have performed well over the past three years, which could be opportunities for investors searching for reliable income as the year progresses: The BNY Mellon Income Stock Fund , Neuberger Berman Dividend Growth Fund , Invesco Value Opportunities Fund and Invesco Comstock Fund . Here are the funds: Three stocks stand out as being among the most heavily weighted across three of the funds: JPMorgan , Goldman Sachs and Caterpillar . Financial services names make up a large part of both the BNY Mellon and Invesco Comstock funds, with roughly 30% and 22% of the funds' investments in the sector. Both of them, as well as the Neuberger fund, include JPMorgan, which is the single biggest weighting in the BNY Mellon fund. Goldman Sachs is another favorite financial stocks, being heavily weighted in the BNY Mellon and both Invesco funds.

Oil companies are facing faltering prices and Canadian firms are also absorbing an unusually punishing discount for their heavy-grade crude. Net debt represents a company's gross debt minus cash and cash-like assets. It faced an existential threat in 2020 when the COVID-19 pandemic crushed oil prices. Canadian producers also absorb a $29 per barrel discount due to distance from U.S. refineries and lower heavy oil demand. If oil prices dip below $65, companies may tighten spending but opt to reduce capital budgets before shareholder returns, Bushell said.

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