Stocks To Buy

One of the biggest trends in the past few years has been in the payment space. A number of companies are offering alternative ways to clear payments that bypass the existing credit card system or the banking system as well. Naturally, big banks have noticed, and are starting to get into the trend themselves. JPMorgan Chase (JPM), for example, just launched QuickAccept. The new service offers a mobile app and contactless card reader. The move is a shot across the bow of ...
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There’s an entertainment sector that was bigger than the movie box office before the pandemic. That industry? Video games. Over the years, the space has grown to include a number of publishers and sales in the billions. And it’s a trend likely to continue. This sector was just upgraded by MKM Partners, who sees further gains in the space as next-generation consoles start to hit the markets. The biggest players in the space are Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two ...
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Banks are an out of favor part of the market right now. With interest rates back at zero, the profits from lending are lower as well. And while some big banks have reported solid earnings thanks to trading and investment banking, that can be an inconsistent source of revenue. Nevertheless, one fund that describes itself as contrarian recently added shares of a big bank to their holdings, after taking profits in gold mining companies. The bank? Wells Fargo (WFC). The contrarian fund ...
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With retail numbers beating expectations on Friday, a number of analysts were quick to upgrade the sector. The retail analyst at Cowen & Co., however, sees that many retailers have already been trending higher before these numbers were reported. Even so, many retailers, particularly big-box plays, are likely to continue heading higher. Those stores should benefit from the trend of consumers making their buys in as few locations as possible during the pandemic. Cowen’s analysis specifically looks at Wal-Mart (WMT), Target (TGT), ...
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Some of the top-performing stocks of the past year have a lot in common. Many are known as “big tech” names due to their size. And they’ve performed well thanks to the fact that they’re been well-positioned to increase market share and profitability during the pandemic. These companies are also wildly overvalued by any traditional measure, whether by earnings, sales, or asset value. But one manager sees some big tech names heading even higher. London-based fund manager ValuAnalysis see the trio of ...
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J.P. Morgan just updated an electric vehicle company. Not only that, but the investment bank gave a price target more than double where shares were trading at the time. That’s a bullish call, and a justified one. That’s because the bank expects the electric vehicle market to continue growing substantially, possibly as much as four times higher in some markets. And, no, the company isn’t Tesla Motors. The company is NIO (NIO), the Chinese play. Although the company isn’t profitable yet and ...
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Deutsche Bank sees improving trends for DRAM memory. That’s one sector of the tech space that has been held back lately. The push for cloud services has reduced demand for mobile device memory chips, but now that cycle is turning. While there’s some small risk of inventory accumulation leading overall, the rising demand strength in the space, particularly with server demand, could lead to higher prices for DRAM related companies. Deutsche specifically sees value in Micron (MU). Shares were upgraded to buy ...
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Citigroup recently upgraded one major consumer goods play following a strong earnings beat. Thanks to stay-at-home trends, this company has fared relatively well, even better than peers. That’s led to the view that this company will continue to show strong growth into 2021. Even better, this company lags competitors in terms of operating margins. As a result, shares look likely to offer multiple expansion as well, which could lead to even bigger returns. The company? PepsiCo (PEP). Best known as the second-largest ...
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