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Stocks were heading into a big losing week on Friday as investors weighed in on a warning from FedEx as well as high inflation numbers. However, some market segments performed better. The S&P 500 is down 5.3% this week, the fourth out of five losing week. Every sector of the broader market index has been in the red this week, with real estate, IT and materials down over 6%. Among the relative leaders of the index were energy and healthcare, as each sector fell by about 2%. Here are the best promotions this week. APA Company. was the best stock in the S&P 500 this week after rising 6.1% as of 9:40 am ET. On Monday, Citi upgraded energy stocks to neutral, saying the APA is an “undervalued growth story.” FactSet data shows that analysts expect the stock to rise more than 35%. However, there is no consensus in favor of buying stocks, with only 45% of analysts recommending buying them. Cruise stocks of Royal Caribbean Group, Norwegian Cruise Line Holdings and Carnival Corporation also outperformed, rising 4.7%, 3% and 1.3% respectively. All are expected to rise in double digits from now on, but only about four out of ten analysts rate them as a buy. More defensive stocks such as Bristol-Myers Squibb and AbbVie took their place on the list. Shares of Bristol-Myers Squibb are up 2.2% this week and are expected to jump 13.1% from now on. AbbVie added 1.4% and could see 11% upside from its target price. Humana is also among the top performers this week. Shares rose after the health insurance giant raised its full-year profit guidance. The company expects full-year earnings of around $25/share, above StreetAccount’s consensus estimate of $24.83/share. Other stocks included on this list include Starbucks and Allstate. —Michael Bloom of CNBC provided the coverage.
Credit: www.cnbc.com /