The Zhitong Finance App learned that, based on quantitative ratings and analyst ratings, Bernstein will use Meta (META.US), Hewlett Packard Technology (HPE.US), Kroger (KR.US), Concord (CNC.US), American Express (AXP.US), and L3Harris (LHX.US), Qualcomm (QCOM.US), Micron Technology (MU.US), Intercontinental Exchange (ICE.US), Pioneer Natural Resources (PXD.US), Devin Energy (DVN.US)) and Huanhui Co., Ltd. ( GPN.US) These 12 stocks were selected as the best choices for the next six months.

According to reports, the stocks on the list are all in the best five positions in the Bernstein Alpha Model (Alpha Model), and have been rated “outperform the market” by Bernstein or Autonomous fundamental analysts. The company also added that historically, stocks in the best quintet of the Bernstein Alpha model have outperformed the S&P 500 index by 6.1% per year since 2004.

Bernstein said that despite Meta's recent rise, its stock price is still discounted; secondly, Qualcomm has provided a “convincing” risk-reward situation compared to its industry. Furthermore, Bernstein called American Express “the preferred hiding place for investors in times of market uncertainty and pressure,” and the stock was also seen as still being discounted.

Bernstein is optimistic about Pioneer Natural Resources and expects the company to “return around 40% of the current market value to shareholders in the form of free cash flow over the next five years.” Bernstein also expects Devon Energy's performance to be similar to Pioneer Natural Resources, calling it a “shale industry transformation story.”

Bernstein is also optimistic about Kroger and believes the company will grow steadily. Bernstein said Kroger's planned merger with Albertsons would make it “a stronger player in a larger market with better operating margins.”

While L3Harris is seen as attractive because of its valuation and low risk, Bernstein believes that the media and some sellers' concerns about defense budget cuts are “inconsistent” with the views of US congressional officials and the US president's budget request.

As for Concord, Bernstein believes that its business transformation is still in the “early stages” and is “not fully reflected in stock prices,” so there is still room for the stock to rise. The company also believes that HPE's stock has room to rise. Bernstein believes that Hewlett Packard Technology's stock is “cheap” and there isn't much risk of becoming a “value trap.”