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2 Low-Priced Stocks That Wall Street Analysts Think Have More Than 25% Upside Potential -Breaking

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© Reuters 2 Low-Priced Stocks That Wall Street Analysts Think Have More Than 25% Upside Potential

At the moment, benchmark equity indexes are hovering close to their historic highs. And solid third-quarter corporate earnings and the Fed’s loose monetary policy are expected to support the market’s momentum despite investors’ concerns about high inflation. Wall Street analysts believe there is more upside than 25% in low-priced stocks Lincoln (LINC) and Castlight Health (NYSE). This is why we believe that now may be the perfect time to grab these stocks. Let’s discuss.The S&P 500 registered 65 all-time highs this year and has more than doubled since the onset of the COVID-19 pandemic. Eight consecutive closing highs were recorded by the benchmark last week. Although the major benchmarks dipped in their last trading session due to concerns over the market’s vulnerability to rising inflation and a surge in COVID-19 cases, the indices are still hovering near their record highs. The Dow is just 1.7% shy of its all-time high, while S&P 500 and Nasdaq are down 0.6% and 0.8% from their record highs, respectively.

The macroeconomic side is also positive. Weekly jobless claims are predicted to drop to an all-time low. Analysts anticipate that the unemployment claims for this week will be 260,000, down from 267,000 the week before. It would also mark the sixth consecutive week without jobless claims lower than 300,000, according to analysts. The long-awaited, trillion-dollar, bipartisan infrastructure bill was signed by President Biden. This could help to boost the U.S. economy.

Markets should remain supported by the economy’s recovery, low-interest rates and strong corporate earnings. Wall Street analysts believe that low-priced stocks Castlight Health, Inc. and Lincoln Educational Services Corporation will rise by over 25% within the next few months. These stocks are good investments right now because of their solid fundamentals.

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