This is a selection of the Wall Street firm's top picks heading into the end of summer and first month of fall.
As stocks rebound to near all-time highs, Oppenheimer is eyeing a collection of companies whose upward momentum can continue heading into September. Wall Street in mid-August is coming of an eight-day rally that's erased all the losses from a steep sell-off earlier in the month, and then some. At Monday's close, the benchmark S & P 500 was 1.1% below its all-time high set in mid-July.
"AVGO enjoys substantial EPS and growth driven, in part, by its long record of successful accretive M & A." Sports betting platform DraftKings was also recommended by Oppenheimer. Shares have ticked down about 2% so far this year. Oppenheimer's Jed Kelly asserts that the company may lead efforts to add new customers who currently gamble illegally or outside of the U.S.
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