Jefferies highlighted its global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating.
Jefferies highlighted its best global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating. The firm's best ideas list includes its top global equity ideas that align with themes of secular innovation and disruption, structural change, and product cycles and pricing power. The stocks in the list span regions across the United States and Latin America, Europe, Middle East and Africa and the Asia–Pacific .
ConocoPhillips also made the cut, being considered a top idea in the structural change category. Shares of one of the largest U.S. oil companies are down 1.8% in 2024, but analyst Lloyd Byrne sees the stock changing course, with the company's acquisition of Marathon Oil adding more upside to earnings and free cash flow. His price target of $155 implies 36% upside ahead.
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