- As the new year kicks off, investors are looking for smart ways to profit.
- Under-the-radar investments are waiting to be found, according to Stifel Research.
- Here are 14 of Stifel’s favorite underappreciated investments to make heading into 2024.
If you only read the headlines, just seven stocks really mattered last year.
But while the Magnificent Seven carried the market higher for most of 2023, since mid-November, the equally weighted S&P 500 has outperformed the market cap-weighted variant as the rally’s breadth expanded beyond the Magnificent Seven.
Now that 2024 has begun, investors have widened the lens beyond the top tech stocks as they search for new ideas. Many Wall Street pros are recommending once out-of-favor investments like small-caps and value stocks, and under-the-radar opportunities could bring bigger returns than they did last year.
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That’s why it bears paying attention to a recent note from Stifel Research rounding up their most underappreciated investment ideas of the fourth quarter of 2023. These include opinions on everything from mergers and acquisitions to industry-wide opportunities and single-stock recommendations.
All 15 of Stifel’s underappreciated investments are below, along with commentary from the note about each investment, as well as price targets and potential upsides from Tuesday’s share prices where applicable.
