SPDR® S&P 500 ETF Trust (SPY)
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Citi’s selection of recommended large-cap stocks has managed to slightly outshine the broader market as of late.
The Citi equal-weighted Research Recommended List has surged by 9.6% up until April 4, overshadowing the S&P 500 (NYSEARCA:SPY) (IVV) (VOO) which saw an increase of 8.3% and the equal-weight S&P 500 (RSP) with a rise of 5.3%.
Quanta Services (PWR) boasted the highest returns post-inclusion, marking an impressive 142% increase. On the flip side, Prologis witnessed a decrease of 19%, making it the laggard in the selection.
The recommended stocks organized by sector are as follows:
Communication Services (XLC)
- T-Mobile (TMUS) with a price target of $184, boasting a Strong Buy rating per Seeking Alpha Quant.
Consumer Discretionary (XLY)
- Amazon.com (AMZN) priced at $215, with a Quant Rating of Hold.
Consumer Staples (XLP)
- Walmart (WMT) priced at $63.33, receiving a Quant Rating of Hold.
- Constellation Brands (STZ) at $305 and also rated as Hold.
Energy (XLE)
- Schlumberger (SLB) priced at $70 and a Quant Rating of Hold.
Financials (XLF)
- Bank of New York Mellon (BK) at $65, earning a Strong Buy rating.
- LPL Financial Holdings (LPLA) at $310, holding the rating of Hold.
Healthcare (XLV)
- HCA Healthcare (HCA) priced at $357 and a Hold rating.
- Intuitive Surgical (ISRG) at $462 and also rated as Hold.
- Merck (MRK) at $140 with the Strong Buy rating.
Industrials (XLI)
- Delta Air Lines (DAL) at $55 with a Buy rating.
- Honeywell International (HON) at $243, also a Buy.
- Quanta Services (PWR) at $275, labeled as a Hold.
- Rockwell Automation (ROK) at $330, maintaining a Hold rating.
- Lockheed Martin (LMT) priced at $508 and also labeled as Hold.
Info Tech (XLK)
- Applied Materials (AMAT) at $211, with a Hold rating.
- Microsoft (MSFT) at $480, also maintaining a Hold label.
- Micron Technology (MU) at $150, also with a Hold rating.
Materials (XLB)
- CRH (CRH) at $101, boasting the Strong Buy rating.
Real Estate (XLRE)
- Prologis (PLD) at $145, receiving a Hold rating.
Utilities (XLU)
- Edison International (EIX) at $86, maintaining a Hold rating.