Mid-cap stocks with an upward shift in the 'significant range' - WF
According to Wells Fargo, mid-cap growth stocks (NYSEARCA: MDYG) are technically oversold, and there is a significant potential for outperformance even if the group has risen by double digits (16.8%) year-to-date.
Furthermore, their revenue stability, risks, liquidity, and balance sheet look more attractive than small cap, Christopher P. Wells Fargo's equity strategy, global research, economics, and strategy chief, Harvey, stated in a memo.
Its relative price-to-earnings valuation is about 90% of the S&P 500 (SP500).
Since June, the total return of mid-cap growth stocks (MDYG) is 12.7%, Russell 200 (IWM) is 9.2%, S&P 400 (SP400) is 6.9%, S&P 500 (SP500) is 8.8%.
Below is Wells Fargo's mid-cap growth portfolio.
Telecom Services
Omnicom Group (OMC)
Spotify (Spot)
Consumer Discretionary
Murphy USA (MUSA)
Ross Stores (ROST)
Burlington Stores (BURL)
Royal Caribbean (RCL)
Carnival Corporation (CCL)
Gap Inc (Gap)
Lennar Corp (Len)
PulteGroup (PHM)
Staple food for consumers.
Church & Dwight (CHD)
Performance Food Group (PFGC)
Energy
Coterra Energy (CTRA)
Devon Energy (DVN)
Targa Resources (TRGP)
Finance
Block Inc (SQ)
Willis Towers Watson (WTW)
Keycorp (KEY)
Synovus Financial (SNV)
Health Care
Cooper Companies (COO)
Neurocrine Biosciences (NBIX)
United Therapeutics Corp (UTHR)
Universal Health Services (UHS)
Industry
Acuity Brands (AYI)
Ingersoll Rand (IR)
Lennox International Inc (LII)
Parker-Hannifin (PH)
CACI International (CACI)
Hawthorne Aerospace (HWM)
Hexcel (HXL)
Ferguson Enterprises (FERG)
Information Technology
Guidewire Software (GWRE)
HubSpot (Hub)
Monolithic Power Systems (MPWR)
Pure Storage (PSTG)
CrowdStrike (CRWD)
Materials
PPG Industries (PPG)
AptarGroup (ATR)
LyondellBasell Industries (LYB)
Real estate
Host Hotels & Resorts (HST)
Digital Real Estate (DLR)
AvalonBay Communities (AVB)
Utility
PPL Corporation (PPL)
Details of SPDR S&P 400 Mid Cap Growth ETF:
MDYG: U.S. mid-cap growth stocks are periodically attractive.
Seeking alpha quant ratings in SPDR S&P 400 Mid Cap Growth ETF.
Dividend scorecard for SPDR S&P 400 Mid Cap Growth ETF
Furthermore, their revenue stability, risks, liquidity, and balance sheet look more attractive than small cap, Christopher P. Wells Fargo's equity strategy, global research, economics, and strategy chief, Harvey, stated in a memo.
Its relative price-to-earnings valuation is about 90% of the S&P 500 (SP500).
Since June, the total return of mid-cap growth stocks (MDYG) is 12.7%, Russell 200 (IWM) is 9.2%, S&P 400 (SP400) is 6.9%, S&P 500 (SP500) is 8.8%.
Below is Wells Fargo's mid-cap growth portfolio.
Telecom Services
Omnicom Group (OMC)
Spotify (Spot)
Consumer Discretionary
Murphy USA (MUSA)
Ross Stores (ROST)
Burlington Stores (BURL)
Royal Caribbean (RCL)
Carnival Corporation (CCL)
Gap Inc (Gap)
Lennar Corp (Len)
PulteGroup (PHM)
Staple food for consumers.
Church & Dwight (CHD)
Performance Food Group (PFGC)
Energy
Coterra Energy (CTRA)
Devon Energy (DVN)
Targa Resources (TRGP)
Finance
Block Inc (SQ)
Willis Towers Watson (WTW)
Keycorp (KEY)
Synovus Financial (SNV)
Health Care
Cooper Companies (COO)
Neurocrine Biosciences (NBIX)
United Therapeutics Corp (UTHR)
Universal Health Services (UHS)
Industry
Acuity Brands (AYI)
Ingersoll Rand (IR)
Lennox International Inc (LII)
Parker-Hannifin (PH)
CACI International (CACI)
Hawthorne Aerospace (HWM)
Hexcel (HXL)
Ferguson Enterprises (FERG)
Information Technology
Guidewire Software (GWRE)
HubSpot (Hub)
Monolithic Power Systems (MPWR)
Pure Storage (PSTG)
CrowdStrike (CRWD)
Materials
PPG Industries (PPG)
AptarGroup (ATR)
LyondellBasell Industries (LYB)
Real estate
Host Hotels & Resorts (HST)
Digital Real Estate (DLR)
AvalonBay Communities (AVB)
Utility
PPL Corporation (PPL)
Details of SPDR S&P 400 Mid Cap Growth ETF:
MDYG: U.S. mid-cap growth stocks are periodically attractive.
Seeking alpha quant ratings in SPDR S&P 400 Mid Cap Growth ETF.
Dividend scorecard for SPDR S&P 400 Mid Cap Growth ETF
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