Hot Stocks to Buy: Moody’s Corporation (MCO)
The bond market is alive and well again as fears of higher interest rates have companies and municipalities going back to the debt market to raise cash.
This means Moody’s Corporation (NYSE:MCO) is getting busy again, clearly something that is good for the stock.
Moody’s shares are tripling the S&P 500 performance YTD as the stock is up more than 35%. The stock started in 2017 by moving into a long-term bull market as shares crossed above the 20-month moving average. This alone increased buying volume, but the analysts persist with their relatively bearish outlook.
Only 22% of the analysts have MCO stock ranked a buy, while the rest rank the stock a hold. We’re sure to see upgrades as the analysts will migrate to buyers of the stock, despite the fact that it has been making new highs. The recent “sell the news” correction after the company’s latest earnings report should open a window for upgrades and a target of $140.
As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.