4 Top Stocks With More Room To Run In December

NYSE: HMC | Honda Motor Company, Ltd.  News, Ratings, and Charts

As the market continues to hit new highs, investors may wonder how high it can go. All three major indices hit new intraday records yesterday, and both the S&P 500 and Nasdaq hit record closing highs as well. It looks as though momentum from November has continued into December. Promising vaccine news from Pfizer (PFE), Moderna (MRNA), and AstraZeneca (AZN) should continue to drive stocks this month, but which stocks could see the most significant gains?

One way to find stocks with the potential to soar is through their upside potential. To get a stock’s upside potential, you need to look at a stock’s current price and compare it to their price targets based on Wall Street sell-side analysts’ consensus. Wall Street analysts are responsible for covering ten to twenty stocks. Their coverage provides in-depth research on a company’s current financial situation and prospects, which give the basis for their stock ratings and price targets.

Luckily, we don’t have to read analyst reports to find their price targets. A new feature of StockNews.com is the Price Target. The Price Target is an average of target prices from analysts covering the stock. StockNews also provides a stock’s Upside Potential, which is the percentage a stock could gain to meet its price target. I did a search for financially sound companies with strong upside potential and came up with a list that included Honda Motor Company, Ltd. (HMC - Get Rating), PulteGroup, Inc. (PHM - Get Rating), Group 1 Automotive, Inc. (GPI - Get Rating), and Knight-Swift Transportation Holdings Inc. (KNX - Get Rating).

Honda Motor Company, Ltd. (HMC - Get Rating)

Believe it or not, but HMC was originally a motorcycle manufacturer. Today, the company makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. The company posted strong financial results last month, outperforming both earnings and revenue estimates. Earnings were up 26% year over year.

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