Accel Entertainment Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Growth
Company profile

Accel Entertainment, Inc. is a distributed gaming operator in the United States and a partner for local business owners in the Illinois market. The Company's business consists of the installation, maintenance, and operation of video gaming terminals (VGTs), redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It also operates ATMs in gaming and non-gaming locations. Its gaming-as-a-service platform provides local businesses with a turnkey, gaming solution. It owns all of its gaming equipment and manages the operating process for its licensed partners. In addition to its gaming business, it also installs, operates and services redemption devices that have ATM functionality, ATMs and amusement devices, including jukeboxes, dartboards, pool tables, pinball machines and others.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$9.51
Day's Change
-1.92 (-16.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
11.70
Day's Low
9.39
Volume
(Heavy Day)
Volume:
577,348

10-day average volume:
181,002
577,348

Wall Street's favorite stock sector has potential upside of 43% as we enter the second half of 2022

10:32 am ET July 2, 2022 (MarketWatch)
Print

By Philip van Doorn

After a difficult first half of the year, you may be surprised to see which sectors are forecast to rise the most

At the midpoint of 2022, investors are looking at a remarkable change in stock valuations.

The S&P 500 has declined 20%, but the benchmark index's forward price-to-earnings valuation has fallen by 24% because future earnings estimates have continued to increase. In other words, the S&P 500 has gotten cheaper.

Analysts expect the stock market to roar back -- especially three sectors.

Below are lists of favored stocks within those sectors, as well as the energy sector, which stands out with a decline in price-to-earnings (P/E) valuations despite rising 37% this year.

Here's a summary of the 11 sectors of the S&P 500, with prices and median price targets among analysts polled by FactSet, weighted by market capitalization, as of the close on June 28:

S&P 500 sector          12-month upside potential based on weighted median price targets  Price change -- 2022 through June 28  Forward P/E  Forward P/E -- Dec. 31  Decline in forward P/E 
Consumer Discretionary                                                               43%                                 -32%         24.3                   33.0                    -26% 
Communication Services                                                               42%                                 -30%         15.4                   20.9                    -26% 
Information Technology                                                               37%                                 -26%         19.7                   28.1                    -30% 
Financials                                                                           30%                                 -18%         11.4                   14.7                    -22% 
Materials                                                                            29%                                 -17%         12.8                   17.0                    -25% 
Industrials                                                                          28%                                 -17%         16.3                   20.6                    -21% 
Real Estate                                                                          24%                                 -21%         18.3                   24.2                    -25% 
Energy                                                                               24%                                  37%          8.7                   11.0                    -21% 
Health Care                                                                          19%                                 -10%         16.0                   17.2                     -7% 
Consumer Staples                                                                     15%                                  -7%         20.1                   21.8                     -8% 
Utilities                                                                            14%                                  -3%         19.5                   20.8                     -6% 
Full S&P 500                                                                         30%                                 -20%         16.4                   21.5                    -24% 
                                                                                                                                                                          Source: FactSet 

Some notes about the sector data:

If you are convinced that a particular sector or group of sectors is likely to perform well, one easy way to ride along is with an exchange traded fund designed to mirror its performance.

The SPDR series of ETFs, managed by State Street Global Advisors, are popular and designed to track the performance of each of the 11 sectors of the S&P 500. They include:

This isn't to say that the SPDR sector funds are your only choice. Vanguard and iShares, for example, offer sector funds using different methodologies to track segments of broader indexes.

Analysts' top stock picks

Here are analysts favorite stocks within the consumer discretionary, communications services and technology sectors, based on percentages of "buy" or equivalent ratings, followed by the energy sector, which has been added because of its decline in P/E valuation even as it has risen 37% this year.

Consumer discretionary

Here are analysts' 10 favorite consumer discretionary stocks in the S&P 500, sorted by share of "buy" or equivalent ratings:

Company                     Ticker  Share "buy" ratings  Closing price -- June 28  Consensus price target  Implied 12-month upside potential 
Caesars Entertainment Inc.   CZR                    94%                   $42.97                  $99.13                               131% 
Amazon.com Inc.              AMZN                   92%                  $107.40                 $175.49                                63% 
Bath & Body Works Inc.       BBWI                   90%                   $29.00                  $63.06                               117% 
TJX Cos. Inc.                TJX                    83%                   $57.48                  $75.32                                31% 
Hasbro Inc.                  HAS                    81%                   $84.19                 $111.00                                32% 
Tapestry Inc.                TPR                    78%                   $32.22                  $45.46                                41% 
General Motors Co.            GM                    77%                   $33.99                  $57.64                                70% 
Penn National Gaming Inc.    PENN                   76%                   $31.79                  $55.58                                75% 
LKQ Corp.                    LKQ                    75%                   $49.94                  $63.75                                28% 
Nike Inc. Class B            NKE                    74%                  $102.78                 $142.04                                38% 
                                                                                                                            Source: FactSet 

Click on the tickers to begin your own research about any of the companies.

And you should read Tomi Kilgore's detailed guide to the wealth of information for free on the MarketWatch quote page.

Communications

Here are analysts' 10 favorite stocks in the S&P 500 communications sector, by percentage of favorable ratings:

Company                             Ticker  Share "buy" ratings  Closing price -- June 28  Consensus price target  Implied 12-month upside potential 
Alphabet Inc. Class A               GOOGL                   98%                $2,240.15               $3,190.74                                42% 
Match Group Inc.                     MTCH                   91%                   $71.81                 $118.67                                65% 
T-Mobile US Inc.                     TMUS                   91%                  $133.03                 $170.63                                28% 
Take-Two Interactive Software Inc.   TTWO                   81%                  $126.18                 $176.54                                40% 
News Corp. Class A                   NWSA                   80%                   $15.49                  $28.04                                81% 
Electronic Arts Inc.                  EA                    76%                  $122.88                 $153.21                                25% 
Meta Platforms Inc. Class A          META                   74%                  $160.68                 $283.54                                76% 
Walt Disney Co.                      DIS                    73%                   $95.92                 $141.61                                48% 
Dish Network Corp. Class A           DISH                   68%                   $18.13                  $39.60                               118% 
Live Nation Entertainment Inc.       LYV                    65%                   $84.38                 $125.85                                49% 
                                                                                                                                    Source: FactSet 

Technology

The S&P 500 information technology sector ranked third on the list, above, with analysts seeing 37% upside potential, based on FactSet's weighting of median price targets. Here are the analysts' 10 favorite names in the sector, by percentage of "buy" or equivalent ratings:

Company                        Ticker  Share "buy" ratings  Closing price -- June 28  Consensus price target  Implied 12-month upside potential 
Microsoft Corp.                 MSFT                   95%                  $256.48                 $352.92                                38% 
ServiceNow Inc.                 NOW                    94%                  $473.44                 $631.29                                33% 
EPAM Systems Inc.               EPAM                   93%                  $311.51                 $429.15                                38% 
Monolithic Power Systems Inc.   MPWR                   92%                  $397.13                 $567.56                                43% 
Intuit Inc.                     INTU                   91%                  $386.29                 $515.00                                33% 
Salesforce Inc.                 CRM                    90%                  $171.46                 $243.89                                42% 
Mastercard Inc. Class A          MA                    89%                  $318.29                 $430.19                                35% 
Visa Inc. Class A                V                     89%                  $198.12                 $265.75                                34% 
Micron Technology Inc.           MU                    89%                   $57.86                  $96.74                                67% 

(MORE TO FOLLOW) Dow Jones Newswires

July 02, 2022 10:32 ET (14:32 GMT)

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