Your weekend brief: Wall Street's top analysts are unanimously bullish on stocks like Amazon and CarMax
How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it's best to be prepared. October is a notoriously volatile month, and this week's heated presidential election debate did little to calm the markets — especially with the looming prospect of a contested election result down the line.
However, there are still stocks out there ready to outperform — you just have to find them. One possible way forward is to follow stock recommendations from analysts with a proven track record of success.reveals the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst.
Most importantly, the stocks highlighted below have scored only buy ratings from these top analysts in the last three months. No holds, no sells. That means these stocks boast a unanimously bullish Street outlook right now.With no less than 36 recent buy ratings from top analysts, it's clear that Amazon is riding a wave of bullish Street sentiment right now. After an upgrade from Bernstein's Mark Shmulik on September 22, the stock scores a clean slate of buy ratings across the board.
Shmulik boosted his rating after admitting that he "undervalued the power of being the sole e-commerce demand aggregator." Covid has pulled forward secular trends, says Shmulik, from e-commerce to digital advertising and cloud, withAt the same time, Amazon's logistics strength is a key upside driver worth highlighting.
"AMZL provides Amazon with major service & cost advantages that should shine through this Holiday Season… [and] creates a long-term opportunity for AMZN to become a leading 3P delivery service/carrier" Mahaney concludes. He has a $3,800
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Week Ahead: A Biden victory could weigh on stock market's winnersInvestors on Wall Street can add another layer of uncertainty to a market already unnerved by last month's sell-off, stalled fiscal stimulus, and by President Donald Trump's COVID-19 diagnosis, which weighed on stocks on Friday.
Read more »
Wall Street analysts see long-term share gains for stocks like Costco and RedfinNew for subscribers: Wall Street analysts see long-term share gains for stocks like Costco and Redfin Check out CNBCPro today.
Read more »
Wall Street is resuming job cuts after pausing during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Wall Street set for dive after Trump gets coronavirusWall Street was set for a heavy tumble on Friday as news that U.S. President Donald Trump and his wife had tested positive for coronavirus just four weeks before U.S. elections sent investors into safer gold, Treasuries and the yen.
Read more »
Wall Street closes sharply lower as Trump tests positive for coronavirusU.S. stocks closed lower on Friday as news that U.S. President Donald Trump tested positive for COVID-19 put investors in a risk-off mood and added to mounting uncertainties surrounding the looming election.
Read more »
Trump’s Positive Covid Test Rattles Markets: Here’s What Wall Street Thinks Happens NextTrump’s positive Covid test rattles markets: Here’s what Wall Street thinks happens next
Read more »