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In a market with stark divergence between top performers and laggards, a MarketWatch report highlights 20 S&P 500 stocks that analysts expect to deliver double-digit comebacks over the next year. The report notes that only Nvidia has posted gains year-to-date among these names, based on analyst ratings.
Market data shows Nvidia closed at $199.00 on June 24, trading below its session high of $201.67. By comparison, AMD closed at $199.00 on June 22, while Intel ended at $131.65 and TSMC at $440.80 on June 24. This narrow leadership leaves room for a potential rebound in the lagging stocks, per analyst forecasts.
Near term, traders are watching Nvidia's support at $196.58 and resistance at $201.67. Upcoming Fed speeches and inflation data could influence broader market sentiment, impacting the comeback narrative for these analyst-favored stocks.
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