3 Stocks That Will Soar When the S&P 500 Reclaims 6,000

By Omor Ibne Ehsan Published Apr 29, 9:39AM EDT

Key Points

The S&P 500 is on the cusp of climbing out of correction territory.
If big trade deals are signed in the coming weeks and average tariff levels go lower, the market is likely to keep recovering.
Given that tariffs are the main cause of market fears, this could lead to the S&P 500 climbing back to 6,000.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
DISCLOSURE:

Customer must fund their Active Invest account with at least $50 within 45 days of opening the account. Receive a minimum of $15. Probability of member receiving $3,000 is a probability of 0.026% If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Percentages for the $3,000 are subject to decrease. See full terms and conditions.

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

3 Stocks That Will Soar When the S&P 500 Reclaims 6,000 — © mixmotive / iStock Editorial via Getty Images

The market has been surprisingly resilient in the latter half of April after President Trump paused tariffs for most countries. So far, the market downturn has been largely artificial due to the trade policy instead of fundamental economic weakness. The market could bounce back significantly if Trump keeps softening up on tariffs and trade talks with China begin and reach a conclusion that leads to even lower tariffs.

The S&P 500 is still in correction territory, but it will likely climb out of it if the trade policy becomes less aggressive. Given what Trump is saying, that’s pretty likely, but not impossible. There are still investors who are confident that the market will rebound soon due to the administration moderating its trade stance.

The three stocks I’m looking at are likely to soar if such a market rebound happens. Even if the broader market does not rebound in the near term, each company should do quite well in the long run.

VEON Ltd (VEON)

VEON Ltd (NASDAQ:VEON) is a company that is largely undiscovered by U.S. investors, but the stock has delivered stellar gains of above 500% from its 2022 trough. It could still be a deep value play as it is focused on five fast-growing frontier markets and has 160 million subscribers, which is higher than Verizon (NYSE:VZ | VZ Price Prediction) or AT&T (NYSE:T).

The company divested its Russian business and took a big hit since it accounted for half of its revenue. It has made a multibagger recovery since then that has only been accelerating. Even if you strip out Ukraine, the company’s valuation remains deeply discounted as digital revenues are growing fast at 63% year-over-year.

There are also some near-term catalysts ahead that could send the stock rallying more. There is an upcoming Nasdaq listing of Kyivstar (VEON’s Ukrainian subsidiary) through a SPAC merger in Q3 2025. VEON will retain at least 80% ownership in Kyivstar, which is being valued at just 3.6x EV/EBITDA. Again, this is at a major discount to global peers and could lead to a re-rating, especially if peace returns to Ukraine and the country attracts Marshall Plan-style investment.

The company reported 4.7% year-over-year revenue growth in Q4 2024 (11.1% in local currency), with EBITDA up 11.3%. Digital services now account for over 12% of total revenue and are growing rapidly. The company has little exposure to U.S.-related trade risks, so that’s a good icing on the cake.

The consensus price target at $62.5 implies almost 36% upside from here.

Deckers Outdoor (DECK)

Deckers Outdoor (NYSE:DECK) has declined by over 51% from its peak in late January this year until now. This is the company behind the footwear brands UGG and HOKA. The company has been hit extraordinarily hard by President Donald Trump’s tariffs and sent the stock tumbling.

This company is one of the poster children of the 2025 tariff downturn, as a big portion of Deckers’ popular shoes are manufactured in China and Vietnam. Tariffs on Vietnam are paused (minus the 10% baseline), but the triple-digit tariffs on China are equivalent to a trade embargo at this point.

Regardless, the company’s fundamental story remains largely intact. Deckers reported solid Q3 earnings earlier this year with revenue growth due to HOKA’s athletic footwear dominance. It has a 3-year revenue growth rate of 22.5%, which is better than almost 84% of companies in the Apparel sector. The 3-year EPS growth rate (minus non-recurring items) is at 29.4% and is better than almost 75% of its peers.

Any extended tariff pause or permanent reduction in U.S.-China tariffs would be the main cause of an S&P 500 recovery, and this stock is sure to rally disproportionately on that news due to its exposure to tariffs.

RH (RH)

RH (NYSE:RH) is the company whose CEO is behind the iconic moments in earnings call history. CEO Gary Friedman blurted out “Oh sh–” during an earnings call when he noticed the stock plummeting due to tariffs. RH stock is down 59.6% from its peak in 2025 and down 74.6% from its 2021 peak as of writing.

This isn’t RH’s first rodeo since it has been operating with 25% tariffs from China since the previous Trump administration and has already successfully shifted much of its production to Vietnam at “significantly better than pre-tariff landed China pricing.”

Plus, the underlying metrics are quite strong. RH reported an 18% increase in net revenues in Q4 on a 13-week comparable basis, with total company demand quarter-to-date up 17% and RH Brand demand up 20%.

The sell-off in RH shares has mostly priced in a worst-case scenario, and I believe it could be one of the first stocks to recover during a market recovery. The consensus price target of $278.4 implies 51.72% upside.

Again, you should only buy RH stock if you are holding for a long time or if you are confident that the administration will continue being passive on tariffs. If the trade war escalates, there’s a good chance you’ll be sitting at a loss for a long time here.

Follow 24/7 Wall St. on Google

About the Author Omor Ibne Ehsan →

Omor Ibne Ehsan is a writer at 24/7 Wall St. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks.