S&P 500 Hits Record Highs: 3 Stocks With Huge Growth Potential

Market Overview - The S&P 500 has reached a new all-time high, indicating strong bullish momentum in the financial markets [1] - There are still stocks that have not yet caught up to this momentum, presenting potential investment opportunities for generating alpha [1] Sociedad Quimica y Minera de Chile (SQM) - SQM stock is currently trading at 65% of its 52-week high, indicating a significant performance gap compared to the S&P 500 [3] - The consensus price target for SQM is $50 per share, suggesting a potential upside of 14.6% from its current price of $43.94 [6] - BMO Capital Markets has set a higher price target of $65 per share, indicating a potential upside of 49% [6] - The demand for lithium is expected to rise due to increased electric vehicle adoption, positioning SQM favorably in the market [6] Transocean Ltd. (RIG) - Transocean stock trades at 54% of its 52-week high, providing a gap for potential growth [8] - The stock is positioned to benefit from rising oil prices, which could lead to higher earnings per share (EPS) [9] - Analysts have set a price target of $9 per share for Transocean, indicating a potential increase of over 100% from its current trading price of $4.23 [9] SoFi Technologies Inc. (SOFI) - SoFi stock is currently trading at 76% of its 52-week high, with a price target of $9.08, suggesting a potential upside of 15% [12] - The company is projected to increase its EPS to $0.10 over the next 12 months, a tenfold increase from the current level of $0.01 [12] - Analysts have reiterated a "Buy" rating for SoFi, reflecting positive sentiment regarding its growth potential [12]