5 Rallying Stocks For A Strong Q4

All these stocks are up over 10% or more in the last month.

We are now heading into Q4 with much stronger momentum than many expected. Indeed, for the S&P 500, the third quarter of 2018 marked the best quarterly gain since Q4 2013. And Q4 is seasonally much stronger than the often choppy Q3. So which stocks are gearing up for a strong end-of-year flourish- and even better, a strong 2019?

Here we take a closer look at five stocks which are all up over 10% in the last month. These five ‘Strong Buy’ stocks show big promise for the months ahead. Let’s take a closer look why analysts are so bullish on these stock picks now. Note that- using TipRanks analytics- all the consensus outlooks are based only on recent ratings from top-performing analysts:

1. Concho Resources (CXO)

Up 16% in last month

This is a core Permian Basin large cap with a strong track record of execution.

Williams Capital analyst Gabriele Sorbara (Track Record & Ratings) highlights Concho Resources as a ‘Top Pick.’

“We believe CXO is positioning for an even better 2019+ with continued execution and further differentiation from its peers with strong oil growth and FCF generation” comments Sorbara.

Specifically, large infrastructure spending in 2H18 should allow for large-scale development and acceleration of the RSPP assets in 2019 and 2020. As a result, the Williams Capital analyst reaffirms his buy rating with a bullish $189 price target.

Net-net: “In our view, CXO can be owned through the commodity cycle given its strong management team and large, premium quality acreage/inventory that generates consistency year after year as proven by its track record. Thus, its shares should continue to be awarded a premium valuation.”

See here how the stock has 100% Street support with a $189 average price target: