Tom Lee of JPMorgan Chase and his equity research group have identified 12 stocks that they believe could outperform in coming months and that are also less likely to be "consensus" buys.
Lee looked at only overweight and neutral rated stocks. He also screened for stocks that investors were betting against. Specifically, these stocks had short interests that were above 4.7% of float or higher.
The stocks have an average 22% potential upside opportunity relative to JPMorgan analysts' price targets.
United States Steel
Ticker: X
Industry: Metals & Mining
Target Price: $43.00
Short Interest as % of Float: 26.0%
United States Steel engages in the production and sale of steel mill products. It was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
Source: JPMorgan Chase
Alcoa
Ticker: AA
Industry: Metals & Mining
Target Price: $12.00
Short Interest as % of Float: 9.0%
Alcoa engages in the production and management of primary aluminum, fabricated aluminum, and alumina. It was founded in 1888 and is based in New York, New York.
Source: JPMorgan Chase
Titanium Metals Corp
Ticker: TIE
Industry: Metals & Mining
Target Price: $17.00
Short Interest as % of Float: 5.6%
Titanium Metals produces and sells titanium melted and mill products. It was founded in 1950 and is headquartered in Dallas, Texas.
Source: JPMorgan Chase
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