Wall Street is anxiously awaiting forward guidance from the Federal Reserve . While CME Group data that measures futures market pricing suggests the central bank will leave benchmark interest rates unchanged on Wednesday, chances of of a rate hike in November are hovering around 29%. The central bank’s effort to tame inflation has been a cornerstone of investor sentiment for much of 2023 and could suggest where stocks head for the rest of the year. If the Fed threads the needle Wednesday with guidance that signals slowing inflation and recovering growth, the stock market could breakout. And the following stocks could lead the way. CNBC screened market data using the new CNBC Pro Stock Screener tool to find stocks trading near their respective 52-week high that meet the following criteria: Shares are trading within 5% of a new 52-week high S & P 500 stock Average analyst rating of buy Average analyst consensus forecasts a rally of 10% or more Biotechnology stock Boston Scientific is trading less than 4% away from a fresh 52-week high, with shares closing at $53.03 on Tuesday. Boston Scientific’s previous 52-week high stood at $54.99 . BSX YTD mountain Boston Scientific stock. Boston Scientific stock has climbed nearly 15% from the start of the year, and more than 31% over the past 52 weeks alone. Consensus analyst forecasts suggest a 13.8% rally to the stock. Meanwhile, credit card giant Mastercard is well within striking range of a new 52-week high, with shares only 1.21% away from the benchmark. MA YTD mountain Mastercard stock has added nearly 19% from the start of the year. Mastercard’s previous 52-week high was $418.60 , and shares closed at $413.53 on Tuesday. Consensus forecasts call for a 10.1% climb for Mastercard stock. Shares of limited liability company Arch Capital need a 4.3% jump to clinch a new 52-week high and surpass the previous $84.83 level . Arch Capital stock closed at $81.20 on Tuesday. Consensus analysts estimates forecast a 10.4% rally to Arch Capital stock. ACGL YTD mountain Arch Capital Group stock has added more than 29% from the start of the year.
This story originally appeared on CNBC
