Already this year, the S&P is up more than 2%, and some analysts are becoming bullish all over again.
Count Credit Suisse among that group - this week, analysts from the bank issued another round of bull predictions for stocks, which 247WallSt.com wrote up, that could take off. And, some of them, are poised to spring back to life as the US and China work toward a resolution on their lengthy trade spat.
The analysts are particularly bullish on this one; 247WallSt's Jon Ogg writes: "Micron's recent share price of $59.50 means Credit Suisse's more aggressive view is calling for a projected 51% upside ahead." In a market with falling costs and rising value for Micron's tech, Credit Suisse thinks trends like AI, machine learning and 5G have the potential to be a big boon for the Idaho-based tech company.
To reinforce Credit Suisse's bull thesis, Micron job postings are up a whopping 59% off their 2019 lows.
Credit Suisse analysts also said they're bullish on Honeywell, implying a 10% growth potential with a target price of $195 per share. They're bullish on the appliance maker's strong balance sheet and the potential to leverage various operating segments into multi-year growth. And, on top of all of that, we've seen another appliance maker rush back to do more hiring in the wake of the resolution of a key step in the US-China trade war - giving one more reason to like Honeywell.
Honeywell job postings have shown an annual trend of dipping, as the year ends - as do many other companies that are recalibrating staffing plans for the next fiscal year. But, already job postings are up 16% off recent lows, signaling growth to start 2020.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.