3 Stocks With Reasonable Upside Potential to Buy Now

The odds of a recession have increased because of the Fed's determination to raise interest rates. Although the stock market is expected to remain under pressure, Wall Street analysts expect a reasonable upside in McKesson Corporation, AmerisourceBergen Corporation, and Travelcenters of America. This could be a good time to buy these stocks. Please read on.

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The Federal Reserve hiked its interest rate for the third time in a row last month and signaled more hikes this year. The economy appears to be on the verge of a downturn.

Jamie Dimon, the CEO of JP Morgan, warned that the U.S. would likely fall into a recession in the next few years. A lot will be dependent on what happens with this war. He said to be prepared and to guess is difficult.

The unemployment rate fell to 3.5% in September from 3.7% in the previous month as the economy added 2,63,000 jobs. The labor market is still strong despite the macroeconomic issues. A strong job market could motivate the Fed to keep its stance.

While the stock market is expected to remain under pressure due to the uncertain macroeconomic backdrop, Wall Street analysts expect McKesson Corporation, AmerisourceBergen Corporation, and TravelCenters of America Inc. to witness reasonable upsides. These stocks could be a good addition to your portfolio.

The corporation is called MCK.

MCK is focused on improving patients' health outcomes around the world. The company has four segments: U.S. pharmaceutical, prescription technology solutions, medical- surgical solutions, and international.

On September 29th, MCK announced that it had extended its partnership with CVS to distribute pharmaceuticals to mail-order and specialty pharmacy, retail pharmacy, and distribution centers. The company should benefit from this.

MCK signed a definitive agreement to acquire a company called Rx Savings Solutions. The company offers affordable and adherence solutions to health plans and employers.

Brian Tyler, CEO of MCK, said that the offerings of Rx Savings Solutions would help solve the most common medication challenges.

MCK's total revenues increased in the first quarter of the fiscal year. Net income attributable to MCK increased from the year-ago value of $768 million to $766 million. The company reported an adjusted earnings per share of $5.83 for the quarter, an increase of 4.9% compared to the same time last year.

MCK is expected to report revenue and earnings per share of $277.29 billion and $24.41 for the fiscal year ending March 2023, an increase of 5.1% and 3% year over year, respectively.

Over the past year and a half, the stock has increased in value. The 12-month price target shows a potential upside.

Solid prospects are reflected in MCK's POWR ratings. It has a rating of A, which is translated to a Strong Buy. Each stock is assessed by 118 different factors, each with its own weight.

It has an A grade for growth and a B for stability and sentiment. It is ranked first in the medical services industry. MCK has ratings for quality and momentum.

AmerisourceBergen is a corporation.

The company operates through two segments, pharmaceutical distribution and other. Its operations are conducted in the US and internationally.

ABC agreed to acquire a leading provider of specialized services for the life sciences industry. This should expand the company's global platform of biopharma services and improve its role as a partner of choice.

The revenue for the third quarter was $60.06 billion. The adjusted operating income increased by 19.9%. The company's non- GAAP net income increased by 22%. Its adjusted earnings per share increased by 21.3% year-over-year.

The consensus estimate of earnings per share for the third quarter of the year is $2.58. The revenue estimate of $60.62 billion is 3.0% higher than a year ago. ABC beat Street's estimates in each of the last four quarters.

The last trading session ended with a slight gain for the stock. The 12-month median price target shows a potential upside.

ABC's POWR Ratings show its growth potential. A rating of A equates to a Strong Buy in our rating system.

There is an A grade for value and a B for growth and stability. It's a top stock in the medical services industry.

ABC has been rated for sentiment, quality, and momentum. The POWR Ratings for ABC can be accessed by clicking here.

Travel Centers of America Inc.

The company has travel centers, truck service facilities, and restaurants in the US and Canada.

The company's total revenues increased 67.9% year-over-year in the second quarter. Its income from operations increased by 89.3%. The company's adjusted net income and adjusted net income per share both increased.

Street expects the revenue for the quarter to come in at $2.73 billion, an increase of 40.6% over the same period in the previous year. The company's earnings per share is expected to increase from the previous year.

Over the past three years, the company has gained 379.9% and over the past three months, it has gained 50.9%. The 12-month median price target shows a potential upside.

Strong Buy is what the POWR Ratings system means when it comes toTA's A rating. It has an A grade for growth and value, and a B for sentiment and quality. The specialty retailers industry has a ranking of first.

Click here if you want to getTA's grade for stability.

The stock was trading at $348.73 per share on Tuesday. MCK has gained 40.94% so far this year, compared to the S&P 500's rise of -23.85%.

Investment research is a career that Komal pursued because of her passion for the stock market. She helps investors find the best investment opportunities.

There is more.

There are 3 stocks with reasonable upside potential to buy now.

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