Oppenheimer's top stock ideas heading into the new trading month include a large retailer and a chipmaker.
Oppenheimer unveiled its top stock ideas heading into a new trading month, all of which are seen outperforming over the next 12 months in the market's current conditions. The list adds in Centene , International Flavors & Fragrances and Agilysys , while removing Salesforce , United Therapeutics and Trimble , among others. Here are some of its best ideas: Walmart , the world's largest retailer, is up nearly 28% this year, and Oppenheimer believes shares still have room to run.
The fragrance and food ingredient company has come out of an industry downturn stronger and its performance should improve as the company focuses on its strategy, productivity and shoring up its balance sheet, Oppenheimer said. Though slightly less bullish on the stock's outlook, Jefferies rates it a buy. The firm expects to see a recovery in ingredient industry volumes by the second half of this year, followed by further expansion heading into the second half of next year.
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