Story updated with Apple's stock hitting new record above $500 during Monday's trading sessionBOSTON ( 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
8. CareFusion ( CFN) Company Profile: CareFusion offers products and services that focus on preventing medication errors and hospital-acquired infections. Share Price: $24.92 Potential Upside: 16% based on a price target of $29 In January, after CareFusion preannounced its fiscal second quarter numbers, JPMorgan analyst Michael Weinstein wrote that each of the medical systems businesses outperformed his expectations, with another solid quarter from the company's Pyxis and a rebound for ventilators. "While Pyxis tends to be the higher-margin business within Med Systems, the challenge for CFN as a whole is that its highest margin businesses (Procedural Solutions; and Infection Prevention in particular) are getting hit the hardest," Weinstein wrote.
6. Rockwell Collins ( COL) Company Profile: Rockwell Colins is an aerospace and defense company that develops communication and aviation electronic solutions for both commercial and government usage. Share Price: $59.10 Potential Upside: 18% based on a price target of $70 JPMorgan analyst Joseph Nadol wrote on Jan. 20 that Rockwell Collins' first-quarter results allayed some fears over the defense industry. "We see double digit earnings growth for the next 3+ years, driven by its commercial business," Nadol writes. "Within Commercial Systems, we expect market share gains and a cyclical upturn to fuel top line growth and high incremental margins should enhance the impact of this growth on earnings."
4. Quanta Services ( PWR) Company Profile: Quanta Services offers infrastructure solutions to the electric power, natural gas pipeline and telecommunication industries. Share Price: $22.20 Potential Upside: 24% based on a price target of $27.50 In December, JPMorgan analyst Scott Levine wrote that a meeting with Quanta's management highlighted a robust outlook for transmission and distribution. "We came away confident in our positive outlook for Electric Power, particularly transmission, where recent awards have helped drive PWR's backlog up +25% over the past year," Levine wrote.
2. Halliburton ( HAL) Company Profile: Halliburton offers upstream oilfield services to customers, including location, drilling and well construction. Share Price: $37.02 Potential Upside: 40% based on a price target of $52 On Jan. 31, JPMorgan analyst J. David Anderson noted that while a judge ruled that Halliburton was indemnified from compensatory damages in the Deepwater Horizon oil spill in the Gulf of Mexico back in April 2010, the company is not indemnified from possible future civil and punitive damages. "HAL isn't out of the woods quite yet, but it's still a positive development with compensatory indemnification resolved," Anderson wrote. "In addition to possible civil and punitive damages (directly or indirectly), a future determination of fraudulence could void HAL's compensatory indemnity. "