Top 3 Underrated Stocks Pushing The S&P To 2,000

The S&P is well on its way to 2,000. As I write this, the S&P is at 1,985 and the Dow closed above 17,000 for the first time ever.
The S&P index is within shouting distance and only needs to finish up by 0.75% on Monday to break above 2,000. The index is already up over 14% since its lowest point of the year back in February.
Helping drive the move in the S&P 500 index are a few names you have likely never heard. These underrated stocks have crushed the S&P 500 return.
Investors can still make money from these stocks, which have little Wall Street coverage. Here are 3 stocks you’ve never heard of that could lead the S&P to 2,000:

Underrated Stock No. 1: TE Connectivity (NYSE: TEL)

TE is up nearly 15% year to date and offers a 1.8% dividend yield. Over the last year, shares of TE have outpaced the S&P 500 by nearly 100%. TE manufactures roughly 500,000 products that connect data inside millions of products. It really is a market leader when it comes to connectivity, with partners in various industry, including aerospace, auto, healthcare, energy and electronics. TE is seeing marked growth from the need to remain connected. The connector industry is estimated to be worth $50 billion, of which, TE owns 17%.
Toward the end of last year, TE boosted its dividend payment by 16%, and it authorized a $1 billion share buyback program. Its current buyback program is good enough to reduce shares outstanding by nearly 4%.

Underrated Stock No. 2: EQT Corporation (NYSE: EQT)

EQT is up 19% year to date. It has also outpaced the S&P over the last year, being up 34%. It pays a small dividend, yielding just 0.11%. It’s an integrated energy company, with a focus on natural gas, including the gathering and production. With all its reserves in the Appalachian Basin, the company is a growth machine. Last year, it grew earnings per share by 55% and is expected to see growth of 71% for this year. Looking out over the next five years, analysts expect the company to grow earnings at an annualized 31%. The rising natural gas prices should help with this.
EQT is one of the lowest-cost producers in the industry. As a result, its 24.5% profit margin is much better than competitors are. A few years ago it formed an MLP, which is allowing the company to transfer lower-yielding assets off its books. This helps EQT develop acreage at a quicker rate, while generating superior returns.

Underrated Stock No. 3: Actavis (NYSE: ACT)

Shares of Actavis are up the most of the three underrated stocks listed, having surged 32% year to date. Over the last year shares are up 52%. Actavis is a pharma company manufacturing generic and branded drugs. Actavis announced it was buying Forest Laboratories for $25 billion earlier this year, which has helped boost Actavis’ stock price.
The company is also billionaire Dan Loeb’s number one stock. Loeb’s Third Point hedge fund bought up 2.5 million shares of Actavis last quarter, making it the hedge fund’s largest holding. The long-term drivers for Actavis include the rapidly aging population. As health care costs continue to rise, the shift toward lower-cost generic drugs should increase. That’s a big positives, as Actavis’ core business is the development of generic drugs. However, the Forest Labs acquisition does give Actavis a strong presence in the branded drug market.
Investors like to focus on mega cap stocks like Wal-Mart and McDonald’s, but there are hundreds of other underrated stocks in the S&P 500. Many of which are outperforming some of the big names. The 3 companies above that you’ve likely never heard of are helping push the S&P 2,000. But they could easily be key contributors to pushing the index even higher.

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