5 best mid cap stocks to buy for a bounce back
5 best mid-cap stocks to buy for a bounce back Please enter a valid email address Please enter a valid email address Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: " Your email has been sent.
For more news you can use to help guide your financial life, .
2021 The Kiplinger Washington Editors, Inc. Please enter a valid e-mail address Please enter a valid e-mail address Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: " Your e-mail has been sent. Your e-mail has been sent.
Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is selected and published by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company. All Web pages published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS-selected content is not intended to provide tax, legal, insurance, or investment advice, and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. These links are provided by Fidelity Brokerage Services LLC ("FBS") for educational and informational purposes only. FBS is responsible for the information contained in the links. FICS and FBS are separate but affiliated companies and FICS is not involved in the preparation or selection of these links, nor does it explicitly or implicitly endorse or approve information contained in the links. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Mutual Funds and Mutual Fund Investing - Fidelity Investments
Clicking a link will open a new window. Big technology companies are getting all the glory this year, but the biggest bargains might just be hiding among mid-cap stocks. JPMorgan Chase () says the huge selloff in midcaps since the beginning of the coronavirus crisis means that it has "never been easier to make money." Translation: There is no shortage of mid-cap stocks that are beaten down out of proportion to their earnings prospects. The best news to come out of the pandemic for Levi is that its e-commerce channel is on fire – and starting to turn profitable. "The pandemic is accelerating retail landscape shifts and consumer behavior in ways that play to the strength of the Levi's brand," says CEO Chip Bergh. Levi also benefits from strong customer loyalty, notes UBS, which rates the stock at Buy. Analysts expect the company to swing back to profitability in 2021 on 30% revenue growth to $5.4 billion. Furthermore, the stock looks reasonably cheap at less than 16 times analysts' estimates for next year's earnings. By comparison, the S&P 500's forward price/earnings ratio is closer to 23. LEVI sits solidly among the best mid-cap stocks to buy now, at seven Buy calls versus just two Holds and one Sell. A collective 12-month price target of $16.50 gives shares about 28% upside.Parsley Energy
Market value: $5.1 billion Dividend yield: 1.6% Analysts' recommendations: 21 Strong Buy, 10 Buy, 1 Hold, 0 Sell, 0 Strong Sell The pros are practically falling over themselves to slap Buy recommendations on Parsley Energy (), an independent oil and natural gas company. The midcap is down by about 35% year-to-date, but it's on the rebound, and Wall Street loves the value PE presents right now. Indeed, JPMorgan's Overweight call is joined by 30 other Buy calls versus just one Hold and no Sells. That puts PE among the best mid-cap stocks you can invest in right now, in analysts' minds. UBS (), which is one of those many Buys, applauds Parsley's successful efforts cutting costs. "In the new post Covid-19 environment, the focus is shifting towards financial returns and less towards growth, and PE anticipates a more mid-single digit growth longer term," UBS analysts say. Some experts believe PE's growth is going to blast out of the gate in the post-pandemic recovery. They forecast average annual earnings growth of 35.7% over the next three to five years, according to S&P Global Market Intelligence. Parsley is projected to deliver an adjusted profit of 45 cents a share in 2020. The Street expects that to rise to 71 cents a share next year and $1.14 in 2022.Telephone & Data Systems
Market value: $2.7 billion Dividend yield: 2.9% Analysts' recommendations: 3 Strong Buy, 2 Buy, 0 Hold, 0 Sell, 0 Strong Sell The mass migration to working from home has given the telecommunications business a nice boost. Telephone and Data Systems (), which owns 83% of U.S. Cellular (), among other properties, sells wireless and wireline services in 36 states. U.S. Cellular, which operates mostly in the Midwest, is the seventh largest wireless operator by subscribers in the country. JPMorgan is among five analysts covering the stock who are tracked by S&P Global Market Intelligence and say to pick up shares. The pros' average target price of $30.90 gives TDS implied upside of about 32% over the next 12 months. The Street forecasts decent long-term annual average earnings growth of 9% over the next five years. Given that, the stock's valuation of trading at 16.5 times 2021 profits looks quite reasonable. And let's not forget that income investors often gravitate toward telecoms because they typically pay generous dividends. TDS isn't punching with the likes of AT&T () and Verizon (), but it still offers a nice yield of nearly 3% that puts most fixed income to shame right now.For more news you can use to help guide your financial life, .
2021 The Kiplinger Washington Editors, Inc. Please enter a valid e-mail address Please enter a valid e-mail address Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: " Your e-mail has been sent. Your e-mail has been sent.
Related Articles
What Fidelity Offers
Content for this page, unless otherwise indicated with a Fidelity pyramid logo, is selected and published by Fidelity Interactive Content Services LLC ("FICS"), a Fidelity company. All Web pages published by FICS will contain this legend. FICS was established to present users with objective news, information, data and guidance on personal finance topics drawn from a diverse collection of sources including affiliated and non-affiliated financial services publications. Content selected and published by FICS drawn from affiliated Fidelity companies is labeled as such. FICS-selected content is not intended to provide tax, legal, insurance, or investment advice, and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by any Fidelity entity or any third party. Quotes are delayed unless otherwise noted. FICS is owned by FMR LLC and is an affiliate of Fidelity Brokerage Services LLC. These links are provided by Fidelity Brokerage Services LLC ("FBS") for educational and informational purposes only. FBS is responsible for the information contained in the links. FICS and FBS are separate but affiliated companies and FICS is not involved in the preparation or selection of these links, nor does it explicitly or implicitly endorse or approve information contained in the links. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.