In the wake of the S&P 500 Index’s ($SPX) worst weekly performance since mid-April, financial services firm BTIG has spotlighted 12 standout stocks poised to excel in the months ahead. By screening for stocks in strong uptrends that are trading close to their 52-week highs, BTIG’s chief market technician, Jonathan Krinsky, believes these 12 picks are set to shine, regardless of whether the market correction persists.
Among BTIG’s top picks, three standout entries are AppFolio, Inc. (APPF), Impinj, Inc. (PI), and Arbutus Biopharma Corporation (ABUS). Each of these three outperforming stock picks has a consensus “Strong Buy” rating from analysts, with room to run higher to Wall Street’s mean price targets. For investors in search of compelling growth stocks in this market, here’s a closer look.
