These are the best-performing S&P 500 stocks this week. Here’s where analysts see them going
Some of this week’s winning stocks are not exactly the favorites of Wall Street pros. The summer rally lost its momentum in recent days, with the S & P 500 heading for its first losing week in five. However, there have been bright spots, most notably grocery stock Kroger . Shares of the company rose 6% for the week as of Friday morning, building on its gains for the year. Despite the solid outperformance for the week and year, Kroger is not well-liked on Wall Street. According to FactSet, just 29% of the analysts covering the company have a buy rating on the stock, and the median price target shows upside of less than 9% from here. Kroger is not an outlier on this week’s list. Only three of the top 10 performers in the average through Thursday had buy ratings from more than half of their analysts. None had buy ratings from more than 60%. Source: FactSet Another disliked stock on the list was making all-time highs this week. Shares of Progressive have enjoyed a solid run after the company announced its July financial results on Wednesday that showed an improving combined ratio, a key measure of profitability for insurers. There are some names on the list that are on more solid footing, according to Wall Street analysts. Walmart and Keysight Technologies both have buy ratings from more than half of analysts, but they have projected upside of less than 10% from here. Take Two Interactive was trading more than 24% below its median analyst price target on Friday morning, according to FactSet. However, the stock has been downgraded this month by Deutsche Bank and Bank of America.