dragon claws
The S&P 500 (NYSEARCA:SPY) and the Biotech ETF (IBB) have the highest implied buy returns, according to Goldman Sachs' Derivatives Research report, released Thursday.
Individual stock price targets set by analysts imply an upside of 11.2% over the next year for weighted stocks. average of the S&P 500 (TO SPY) stocks, according to Goldman.
S&P 500 (SPY) Topperforms Relative to April 2024 Buy Prices as Analysts Compare Individual Stock Weighted Average Price Targets from Sector and Factor ETF Valuation to Prices purchase April 2024.
They have identified 19 attractive risk-adjusted upside opportunities, ranked by their implied returns for April 2024:
- SPDR S&P 500 (SPY) – Implied Callback: 234%
- iShares NASDAQ Biotechnology (IBB) – Implied Call Return: 224%
- Vanguard Total stock market (VTI) – Implied Call Return: 211%
- technology Select Sector SPDR (XLK) – Implied Callback: 202%
- SPDR Energy (XLE) – Implied Callback: 187%
- SPDR Materials (XLB) – Implied Callback: 185%
- SPDR Consumer Staples (XLP): Implied Callback: 184%
- Consumer Discretionary SPDR (XLY): Implied Callback: 163%
- Utilities SPDR (XLU) – Implied Callback: 159%
- Invesco QQQ (QQQ) – Implicit Callback: 138%
- Financial SPDR (XLF) – Implied Callback: 135%
- Invesco S&P 500 Equal Weight ETF (RSP) – Implied Call Return: 114%
- Invesco S&P 500 Low Volatility (SPLV) – Implied Buy Return: 104%
- SPDR S&P Biotech (XBI) – Implied Callback: 104%
- SPDR S&P Oil and Gas E&P – Implied Purchase Return: 95%
- SPDR Communications Services (XLC) – Implicit Callback – 87%
- Healthcare SPDR (XLV) – Implied Callback – 79%
- Industrial SPDR (XLI) – Implied Callback: 52%
- iShares Select Dividend (DVY) – Implied Callback: 39%
