5 Top-Performing Stocks Outside the S&P 500 With Impressive Earnings
When we talk about investing in the US market, most people automatically assume we're talking about S&P 500 stocks.
However, this year has seen the emergence of several stocks that do not belong to the S&P 500 but have delivered impressive returns, outperforming the benchmark index itself.
These stocks boast a substantial market capitalization but don't have a place in the S&P 500. This is because the index doesn't solely consist of the top 500 companies by market capitalization. The eligibility criteria for inclusion in the index are determined by multiple factors, periodically reviewed and updated by a committee when necessary.
These criteria include:
Let's take a look at some of these stocks and in order to provide interesting data and information we will use the InvestingPro tool.
Founded by Michael Dell in 1984, Dell Technologies (NYSE:DELL) is engaged in the development, manufacturing, sale, and support of personal computers, servers, software, and various other technology-related products.
This Texas-based behemoth will distribute a dividend of $0.37 per share on November 3. To be eligible for this dividend, shares must have been acquired prior to October 23. The dividend yield stands at +2.15%.
In the past 12 months, it has garnered $1.9 billion in net income. The upcoming quarterly results are scheduled for November 21, following the previous positive report on August 31, which surpassed all expectations with actual revenue exceeding projections by 10.1% and EPS soaring by 53.1%.
Source: InvestingPro
Dell currently holds 20 analyst ratings: 14 Buy, 3 Hold, and 3 Sell. InvestingPro models project its medium-term potential to reach $84.25.
The stock is currently up 67.18% year to date.
Source: InvestingPro
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