Investors
can
still
find
discounts
even
as
stocks
climb
to
fresh
all-time
highs
.
Both
the
S
&
P
500
and
the
Dow
Jones
Industrial
Average
reached
new
records
on
Friday,
surpassing
previous
highs
notched
just
a
day
earlier.
The
two
benchmarks
were
also
on
pace
for
strong
weekly
gains.
A
blowout
earnings
report
from
chipmaker
Nvidia
helped
lift
the
broader
market
in
the
second
half
of
the
week,
especially
the
technology
sector.
However,
the
rise
was
fairly
broad,
with
health
care
and
industrial
segments
of
the
market
also
hitting
record-high
closes
on
Thursday.
Despite
the
market
rally,
there
are
some
relative
bargains
out
there
for
investors.
CNBC
Pro
screened
FactSet
data
to
scan
for
stocks
that
meet
the
following
criteria:
Shares
trade
at
a
discount
relative
to
their
sector
and
industry.
Shares
have
an
upside
to
price
target
of
at
least
15%.
Stocks
are
up
more
than
5%
in
the
past
month.
Shares
are
a
member
of
the
S
&
P
500.
American
Airlines
made
the
list.
The
stock
has
climbed
about
12%
over
the
past
month
and
nearly
11%
from
the
start
of
the
year.
Despite
the
strong
gain
for
the
airline
firm,
shares
are
still
reasonably
priced
compared
to
the
wider
industrials
sector
of
the
market.
American
Airlines
stock
currently
trades
at
a
forward
price-to-earnings
(P/E)
multiple
of
5.8
overall,
slightly
lower
than
the
industry
average.
Only
48%
of
analysts
polled
by
FactSet
maintain
a
buy
rating
on
the
stock,
but
the
average
price
target
implies
nearly
16%
upside
moving
forward.
AAL
YTD
mountain
American
Airlines
stock.
Citi
upgraded
American
Airlines
stock
to
buy
from
neutral
last
month,
with
analyst
Stephen
Trent
pointing
to
the
company’s
effort
to
pay
down
debt
and
low
capital
expenditures
as
catalysts
for
strong
growth
in
the
post-pandemic
era.
Exxon
Mobil
also
made
the
list
with
shares
rising
more
than
8%
over
the
past
month.
Despite
the
gain,
it
trades
at
relative
discounts
to
the
energy
sector
and
oil
industry.
Nearly
60%
of
analysts
surveyed
by
FactSet
have
a
buy
rating
on
Exxon
Mobil
stock,
with
their
price
targets
forecasting
nearly
20%
ahead.
The
company
beat
Wall
Street
earnings
estimates
for
the
fourth
quarter
earlier
this
month,
even
as
lower
oil
prices
dampened
revenue.
Looking
forward,
Exxon
Mobil’s
deal
to
purchase
Pioneer
Natural
Resources
is
expected
to
close
in
the
first
half
of
2024.
Other
names
on
the
list
include
General
Motors
and
CVS
Health
.