On Monday, trading on the US stock exchanges was rather reconciliatory, as the (+0.38%), (+0.36%), and (+0.31%) all recorded gains. However, the lagged behind with -0.16%. Those who opted for the right stock strategy, on the other hand, were able to outperform the market.
The InvestingPro ProPicks strategies all performed better than the S&P 500 on Monday:
- Value Vault: +1.50%
- S&P500 Samurai: +1.06%
- Dow Detectives: +0.77%
- Tech Stars: +0.39%
- The Best of Buffett: +0.38%
- Mid Cap Marvels: +0.35%
The 20 stocks in the Value Vault strategy all gained except for Gap Inc (NYSE:) and Cognizant Technology Solutions (NASDAQ:).
Vistra Energy (NYSE:) rose by 7.24% to $77.97. Morgan Stanley rated the stock as "Overweight" with a target price of $86 on April 23. On April 17, analysts' target price was $83, and on March 26, it was $78. Since being included in the Value Vault strategy in March, the energy specialist from Irving, Texas, has risen by 43.32%.
Tenet Healthcare (NYSE:) recorded a gain of 3.14% on Monday, with the closing price at $99.15. Tuesday morning saw the stock rise by more than 10% after quarterly earnings showed EPS at $3.22, $1.77 above the analyst estimate of $1.45. Deutsche Bank issued a buy recommendation with a target price of $126 on April 12, and Truth Securities followed on April 15 with a target price of $120. The ProPicks AI had already determined on April 1 that Tenet had the potential to outperform the market. Yesterday's monthly performance was disappointing at -5.01%, but this should be offset by today's increase.
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