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Americans Can Capitalize on a Strong U.S. Economy with These Stocks
Caesars Entertainment is one of the stocks that can benefit from the resilient U.S. economy. With 75% of analysts giving it a buy rating and all of its revenue coming from the U.S., this casino operator is projected to rally over 46% in the next 12 months. After a strong first-half performance, with a 22% rise in the stock price, Caesars Entertainment is poised to continue its success.
Sunrun, a solar energy stock, is another option for capitalizing on the strong U.S. economy. Three-quarters of analysts covering the company have a buy rating on it, and the average price target indicates upside potential of over 90%. Although Sunrun shares have struggled this year, losing over 25%, there is optimism for a turnaround. The company is experiencing momentum in all its sales channels and expects to grow solar energy capacity installed by 10-15% in 2023.
Citizens Financial is a regional bank that can benefit from the resilient U.S. economy. Two-thirds of analysts rate it a buy, and the average price target suggests upside of over 30%. Despite struggling this year, with a decline of over 30% in stock price, Citizens Financial has the potential to bounce back.
In addition to the aforementioned stocks, Frontier Communications, Marriott Vacations, Marathon Oil, Scotts Miracle-Gro, and energy company PPL are also poised to capitalize on the strong U.S. economy. These stocks meet the criteria of having buy ratings from over 60% of analysts, a market cap of $1 billion or more, and deriving 80% of revenue from the U.S. market. While each has seen their own challenges in the market, they have the potential for growth and success.
In conclusion, the strong U.S. economy presents a promising opportunity for new businesses looking to capitalize on the market. While the stocks mentioned above provide potential investment options for individuals, they also offer valuable insights for entrepreneurs seeking to start or expand their own ventures.
For instance, Caesars Entertainment's success highlights the profitability of the casino industry in the U.S. With all revenue coming from domestic operations, it underscores the potential of businesses that cater to the entertainment and leisure needs of Americans. Entrepreneurs could explore opportunities in the gaming and hospitality sectors to tap into this growing market.
The rise of solar energy, as evidenced by Sunrun's prospects, showcases the increasing demand for sustainable solutions in the U.S. By focusing on renewable energy sources and providing eco-friendly alternatives, new businesses can leverage the country's commitment to reducing carbon emissions and capitalize on the growing consumer interest in clean energy.
Moreover, Citizens Financial's potential for a rebound demonstrates the opportunities available in the banking and financial sector. Entrepreneurs with innovative fintech solutions or niche banking services can tap into the strong U.S. economy to gain a competitive edge.
Overall, the stocks mentioned, along with other businesses poised to capitalize on the robust U.S. economy, offer valuable insights for entrepreneurs. By identifying growing sectors, meeting consumer demands, and adapting to market trends, new businesses can position themselves for success in this favorable economic environment.
Article First Published at: https://www.cnbc.com/2023/07/03/most-patriotic-stocks-these-names-can-benefit-the-most-from-a-strong-us-economy.html