Story updated with Apple's stock hitting new record above $500 during Monday's trading session
BOSTON (TheStreet) -- The S&P 500 has rallied 6.6% in the first six weeks of the year, with Apple (AAPL) leading the charge. But not every stock in all leading industry has come along for the ride. That means investors can find opportunities in some of the laggards.
Professional investors, including TheStreet's Doug Kass, have joked that this is an "NBA" stock market: Nothing But Apple. That's because the maker of the iPhone and the iPad has seen its stock go parabolic, rising day after day to new all-time highs. Apple shares are up 23% this year and hit a record $503.83 on Monday, the first time the stock has crossed the $500 level.
10. Amazon.com (AMZN) Company Profile: Amazon is the largest Internet retailer. The company also produces the popular Kindle eBook reader and the Kindle Fire tablet. Share Price: $185.48 Potential Upside: 13% based on a price target of $210 On Feb. 1, after Amazon reported disappointing results for the fourth quarter, JPMorgan analyst Doug Anmuth cut his price target for Amazon to $210 from $235, although he maintained the firm's "overweight" rating on the stock. "We believe Amazon's [gross merchandise value] growth likely remains strong and is growing faster than revenue, and that Amazon's shift toward third-party is at least temporarily (but perhaps longer) depressing revenue and raising margins," Anmuth wrote. "We think we could see some further weakness in Amazon shares in the very near term, but we'd view further pull-backs as buying opportunities."
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