With the market near a record high, a lot of traders are now wondering where to turn for big returns. The goal of investing should never be to seek out quick returns, but it would be naïve not to seek out the stocks best poised to provide just such returns.
One of the easiest ways to seek out stocks with big upside potential is to rely on analyst estimates. We all want to believe that we are great stock pickers, but the reality of the situation is that most traders work on their portfolios part time when they have time between their regular job, family, and all the other distractions that life has.
Analysts, on the other hand, spend all day watching the market, and studying the stocks that they cover. That is not to say that you should always blindly following the recommendations of analysts, you should always do your own homework, but you can use analyst recommendations as a solid starting point when doing your research.
The following five stocks all have price targets that suggest 10% upside potential. Let’s take a closer look at each stock, and whether or not the stocks look like viable buy candidates at this point.