CNNMoney is advising savvy investors to pay attention to a handful of 2017 stock picks from TipRanks, a startup founded in 2012 that analyzes the accuracy of what all the Wall Street analysts and bloggers recommend.
“The internet abounds with stock recommendations, but here's why these deserve extra attention: They come from the top stock pickers on Wall Street,” CNNMoney said.
“In other words, these five analysts have made hundreds of stock ratings over the years, and have had the most profitable track records if you follow what they recommend.”
Broadcom Limited (AVGO)
Ross Seymore from Deutsche Bank says Broadcom, a key player in wireless technology, will go to $225 a share from $180 now “because the company continues to beat expectations and trim costs.”
Envision Healthcare (EVHC)
Michael Wiederhorn from Oppenheimer says Envision Healthcare will go to $87 a share from $65 now because the company is coming off a merger with AmSurg in a very strong position to be a dominant player in hospital care, especially services that don't require an overnight stay.
State Street Corp. (STT)
Ken Usdin from Jefferies says State Street will go from $79 to $89 because the company continues to trim costs and win more customer assets, which translates directly into more fees.
Delta Airlines (DAL)
Helane Becker from Cowen & Co. sees Delta going to %56 from $50 because both leisure and business travel continues to pick up, especially as post-election optimism has soared.
Dycom Industries (DY)
Alex Rygiel from FBR Capital sees Dycom jumping from $80 to $115 because he thinks the company, which supplies many of the workers who actually build telecom services, will be able to continue its stellar year over year climb in revenues by gaining new clients.
To be sure, investors are wary that the market could be primed for a spill to start 2017. Investors expect the S&P 500 to rise by mid-single-digits in 2017, according to a Reuters poll earlier this month.
Reflecting the renewed bullishness for equities, U.S.-based stock funds pulled in $11.8 billion in the week ended Dec. 28, data from Lipper showed on Thursday, marking a sharp reversal from most of the year.
But investors see several warning signs for 2017, including stocks at traditionally expensive valuations; investors registering particularly bullish sentiment; and the Federal Reserve primed to raise interest rates several times this year.
Meanwhile, a market lifted in part by hopes for Trump's policy agenda could be deflated should any of those hopes be dented once he begins in office. The S&P has rallied by more than 5 percent since Election Day, while the Dow has climbed by more than 8 percent.
"If anything, we head into the new year with the likelihood we will probably see some near-term weakness in equities primarily because of the move we've seen higher," said Peter Kenny, senior market strategist at Global Markets Advisory Group in New York. "You will see some winning trades being taken off the table and, in general, a reset."
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