To close out the week’s stock recommendations, these are the best investment ideas from market research from the biggest banks and analysts on Wall Street.
Goldman Sachs on Wolfspeed and Exxon:
Financial group Goldman said it is “tactically more optimistic” about the semiconductor company. Wolfspeed (WOLF) due to its growth history linked to electric vehicles, which is well appreciated by investors.
Goldman also stated, in a note to clients, that it shows a preference for the shares of Exxon (XOM) in relation to some competitors in the electricity sector.
Wolfe reiterates that Uber outperforms:
Wolfe, a research firm focused on growth strategy, said in a note that the Uber (UBER) has “counter-cyclicality elements” in its business model that could help mitigate downside risks during a weaker macro environment.
Wells Fargo on Becton Dickinson
The publicly traded company says the medical technology multinational Becton Dickinson (BDX) has a good position superior to equivalent companies in the current macro market.
Mizuho sees opportunity in Sunoco:
Mizuho Bank said the oil company’s shares Sunoco (SUN) are now attractive.
Barclays over Iron Mountain
The bank said the US corporate information management services company Iron Mountain (IRM) has resilient stocks in a volatile environment with long-term recurring earnings and “excess cost cutting initiative.”
Morgan Stanley on Altria and Apple
Morgan Stanley believes that after its 13% drop in the S&P 500 this month, the tobacco company Altria (MO) now offers balance in the gain-return relationship.
The actions of Apple (AAPL), on the other hand, they are considered one of the best positioned in this environment of rising interest rates due to their significant net cash position.
Evercore reiterates Amazon
Despite having lowered the price target of Amazon (AMZN) from $205 to $180 per share, investment adviser and bank Evercore continues to believe in the company’s leading position.
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