AI chip company among stocks that have risen in every second half of a decade
Investors in 14 global stocks could be in luck over the next six months if history repeats itself. CNBC Pro screened the MSCI World Index for stocks that have consistently risen in the second half of every year over the past decade. The stocks on the list include: AI chip designer Broadcom, owner of the New York Stock Exchange Intercontinental Exchange, IT services company CDW Corporation, defense company Booz Allen Hamilton, health care company Danaher and Canadian convenience store operator Alimentation Couche-Tard. Shares of global insurers WR Berkley, Chubb, Swiss Life, Swiss Re, Munich Re, Assicurazioni Generali and European investor Sofina also rose from July 1 to December 31 each year between 2013 and 2023. Broadcom AI chip designer Broadcom has the second-biggest upside potential, with Wall Street analysts expecting the stock to rise 18% over the next 12 months. The stock has already risen more than 40% this year. Sofina Belgium-listed Sofina Investment Fund has the biggest upside potential on the list. Analysts expect the stock to rise 39% over the next 12 months to 300 euros ($322). The stock is also currently trading 26% below its net asset value. Alimentation Couche-Tard Alimentation Couche-Tard is listed in Canada but makes most of its money in the United States, where it is the second-largest convenience store chain. The stock is also the largest holding in the iShares S&P/TSX Capped Consumer Staples Index ETF, the only exchange-traded fund that has posted annual gains in more than a decade. RBC Capital Markets analysts have previously said the company has a “relatively recession-proof business model.” CNBC Pro’s findings come after a separate analysis of MSCI World Index price data over the past 50 years found that when the index rose more than 12% in the first six months of the year, it continued to rise in the second half 83% of the time. Since the late 1980s, when markets rose more than 12% in the first half of the year, they rose again in the second half.
