The event of the year has already happened and hasn’t gone away a trail of blood on the markets. It’s even quite the opposite. The results of the elections in the United States (with the victory of Republican candidate Donald Trump) led the S&P 500 to reach 6,000 points for the first time in its history. In 2024, the main global index will see gains of nearly 25%, which will be its most bullish year since 2021. And, even with selectivity at historic levels, This remains able to offer attractive investment stories.
In fact, the analysts themselves still do not believe that the rise of the S&P 500 is exhausted and consider that it could continue to advance by almost another 8%, up to the 6,450 points that they have set as a level target. If we filter by companies with a capitalization of more than $10 billion, in the S&P 500 there are up to a dozen companies that have a potential of more than 30% for the following months with expert buying recommendations.
Among them, First Solar, Monolithic Power System and Biogen even increase their transportation by more than 50%. Trump’s arrival in the White House is not particularly a push for renewable energy due to his climate change denialist stance. However, as explained Bloomberg Intelligence, “First Solar and most of its U.S. peers could post double-digit sales growth over the 2025-2027 period despite Donald Trump’s victory in the presidential election, given strong demand for solar energy, which could double American installations in 2030.
During this year (before the election results were known), the price of this solar energy company reached the level of $300 per share that it had not touched since 2008. This company is also profiting of the current technological fever, because it uses and develops semiconductors for the manufacture of its solar modules.
Now its price is correcting to the levels of last May, around $180 per share. However, these corrections (the company still posts annual gains of 6%) are a better opportunity for experts to capture the stock they recommend buying. For them, They estimate a 54% upside potential to $279.
Monolithic Power’s activity develops semiconductor solutions for cloud computing systems, telecommunications infrastructures or automobiles, among others. In 2024, however, its price does not follow the path of the rest of the chip manufacturers and loses 6% of its stock market value.
“Monolithic Power Systems is riding the artificial intelligence wave with power management integrated circuits, such as GPUs [unidades de procesamiento gráfico] and ASIC [un tipo de circuito] from Nvidia”, they emphasize Bloomberg Intelligence. In fact, they also point out that with the combination of Nvidia products with those of Intel and Advanced Micro Devices, Monotithic will become “at a major beneficiary of semi-chips power in data centers” “Despite its recent slowdown, the automotive segment is poised to accelerate, driven by Chinese electric vehicle makers and OEM launches.” [fabricante de equipos originales] key”. So, over the next few months, analysts expect its shares to accumulate revaluations of 54% and advise buying them.
Biogen develops, manufactures and markets drugs for the treatment of diseases such as multiple sclerosis or psoriasis, among others. Its price is suffering greatly this year and is at its lowest level in over a decade after falling above 36% of its value. However, its potential would erase this sharp decline: analysts see it in the following months 52% above current levels.
In another year of fever for artificial intelligence and notoriety for Nvidia, the truth is that there is life beyond this company. An example of this is Micron Technology (one of the companies in Eco30 Braided Walletthe investment fund advised by elEconomista.es). This semiconductor company reached historic highs on the stock market this yearabove $153. However, it is now trading below $100 (it continues to appreciate 17% this year), but this correction only makes the company a more profitable investment opportunity, as experts expect until it comes down to about $146 per security, up to $146 per security. the ones you have an upside potential of 46%.
But on this list, it’s not just Monolithic Power and Micron that represent the semiconductor industry. Advanced Micro Devices is also among the companies with the most potential and buying recommendations. In its case, 33% for the following months, even if it records losses of 5% for the year. Ahead of AMD, the performances of MGM and Centene stand out, at 42% and 34% respectively.
