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These outperforming stocks could soar further, analysts say

Markets are still red-hot even after a very good 2023, when the S & P 500 soared around 24%. The S & P 500 is up around 10% year-to-date, and in fact hit new record highs in March . Even global stocks outside of the U.S. have caught some heat, with the FTSE All World Ex US index rising nearly 8% year-to-date. Many stocks have soared and even beaten the broader market, but is there still room for some companies to run? Using FactSet, CNBC Pro screened the S & P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love. We used these criteria: Up more than 10% so far in 2023 — beating the S & P 500. At least half of analysts rate the stock a buy. Consensus price targets offering upside of at least 15%. Just five stocks turned up from the S & P 500 screen: Amazon , Delta Airlines , Marathon Oil Corporation , Micron Technology and United Airlines . United Airlines was given the highest potential upside (37%) by analysts covering the stock. Of the five stocks, Micron Technology, which produces flash storage and memory for computers, cellphones and data centers, soared the highest so far this year (28.7%). Analysts gave it decent potential upside (17.7%). Analysts have been bullish on Micron of late, calling it an derivative artificial intelligence play . They believe the stock has more room to run and is at the forefront of the AI bull market. These global stocks under the Vanguard FTSE All-World ex-US ETF were among those that made the screen. Chinese battery stock CATL made the list. It was one of the stocks given the most potential upside (34%). A number of Chinese tech stocks showed up in the screen, such as NetEase and Meituan — the latter got the highest potential upside from analysts. Both stocks are U.S.-listed.



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