In yet another winning week for the market, certain stocks stood out. The S&P 500 is up 1.8% so far this week, its third straight weekly gain. The Dow Jones Industrial Average rose from Friday’s gains to end the week up 2%. The Nasdaq Composite is up about 1.9% so far this week, following its six-week winning streak. The gains come after Congress passed a bill to raise the debt ceiling after weeks of market uncertainty. A strong May jobs report on Friday also pushed markets higher. A look at some of the best-performing stocks this week through Friday morning, and what analysts are expecting from them. Match Group, the parent company of dating platforms such as Tinder and Hinge, was the biggest gainer this week, with shares up more than 13%. Analysts expect the stock to soar another 36.8%, according to FactSet. Meanwhile, the stock is down about 5% year-to-date. Shares have plunged 53% over the past 12 months. Cruise lines Royal Caribbean and Norwegian Cruise Lines also performed strongly, rising 7.8 percent and 9.3 percent, respectively. Shares of Royal Caribbean rose more than 3 percent on Friday to hit a new 52-week high. The stock has soared 74% in 2023, but more than 6 out of 10 analysts rate it a buy. The consensus price target for the stock implies just 7.2% additional upside, according to FactSet data. Another cruise line on the list is Carnival, whose shares are up 6.7% so far this week. However, the stock is already trading 5% above its average price target. Shares of satellite company Dish Network jumped 15% in Friday’s trading session alone. A Bloomberg News report said Amazon is in talks with Dish and other telcos about the possibility of launching a low-cost mobile plan for its Prime subscribers. Based on the stock’s average price target, Dish could surge another 124.1%. To be sure, fewer than 30% of analysts have a buy rating on the stock, according to FactSet. Other notable winners this week included Enphase Energy and electric car maker Tesla. Intel, Netflix and Digital Realty Trust also made the list.
Privacy Overview
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.