Investors in 14 global stocks could get lucky over the next six months if history repeats itself. CNBC Pro screened the MSCI World index for stocks that have consistently risen in the second half of each year over the past decade. Stocks on the list included: AI chip designer Broadcom , the New York Stock Exchange’s owner Intercontinental Exchange , IT services firm CDW Corporation , defense firm Booz Allen Hamilton , health care firm Danaher , and Canadian convenience store operator Alimentation Couche-Tard . Shares of global insurance giants W. R. Berkley , Chubb , Swiss Life , Swiss Re, Munich Re , Assicurazioni Generali and European investor Sofina also rose between July 1 and December 31 every year between 2013 and 2023. Broadcom AI chip designer Broadcom had the second biggest upside potential, with Wall Street analysts expecting shares to rise 18% over the next 12 months. The stock is already up more than 40% this year. Sofina The Belgian-listed investment trust Sofina has the largest potential upside on the list. Analysts expect shares to rise by 39% over the next 12 months to 300 euros ($322). The stock is also currently trading 26% below its net asset value. Alimentation Couche-Tard Alimentation Couche-Tard is listed in Canada but makes most of its profits in the U.S., where it’s the second-largest convenience store chain. The stock is also the largest holding in the iShares S & P/TSX Capped Consumer Staples Index ETF , the only exchange-traded fund that’s posted yearly gains for over a decade . RBC Capital Markets analysts have previously said the company has a “relatively recession resistant business model”. CNBC Pro’s findings come after a separate analysis of the past 50 years of MSCI World index price data showed that when the index rose by more than 12% in the first six months of the year, it continued to increase over the second half 83% of the time. Since the late 1980s, when markets rose by more than 12% in the first half, they rose every time in the second half of the year.
https://image.cnbcfm.com/api/v1/image/107100891-1660034324497-gettyimages-1242321482-AFP_32G29WM.jpeg?v=1719832931&w=1920&h=1080
Source link
