Stocks to Watch: Amazon, Google, and more...

 


Stocks to Watch: Amazon, Google, and more...




Trend to Watch: JPMorgan's Focus List

Earlier this week, JPMorgan announced its top stocks for February 2023. The list includes five stocks that it recommended for January and five new stocks in its top 10. For those looking to research based on JPMorgan's recommendations, their top 10 stocks are:

  • Treace Medical Concepts (NASDAQ: TMCI)
  • Stryker Corp (NYSE: SYK)
  • Rogers Communications Inc (NYSE: RCI)
  • CMS Energy Corp (NYSE: CMS)
  • Cenovus Energy (NYSE: CVE)
  • McDonald's (NYSE: MCD)
  • General Motors (NYSE: GM)
  • Microsoft (NASDAQ: MSFT)
  • PulteGroup (NYSE: PHM)
  • Alaska Air (NYSE: ALK)






Trend to Watch: EV Batteries

With EV stocks rising recently, many investors have shifted their focus to EV-adjacent companies. Goldman Sachs has released a list of its top EV battery stocks, which includes:

  • FREYR Battery (NYSE: FREY)
  • Stellantis (NYSE: STLA)
  • Sunrun (NASDAQ: RUN)
  • Solar Edge (NASDAQ: SEDG)
  • Enphase (NASDAQ: ENPH)






Trend to Watch: Loosening Monetary Policy

As the Federal Reserve seems prepared to start loosening monetary policy with inflation falling, here are the five stocks that performed worst on days when interest rate hikes were announced. It is possible that these will also be the stocks to react most positively to loosening monetary policy. 

  • Warner Bros Discovery (NASDAQ: WBD)
  • Paramount Global (NASDAQ: PARA)
  • Walt Disney Company (NYSE: DIS)
  • Catalent (NYSE: CTLT)
  • MGM Resorts (NYSE: MGM)






Trends to Watch: Energy 

The Energy sector was the best-performing in 2022 but is one of the worst-performing so far in 2023. With many analysts predicting that market trends from January will reverse throughout the course of 2023, Bank of America has put together a list of its top 3 ETFs for those wanting to back a rise in the energy industry in 2023:

  • Vanguard Energy ETF (NYSEARCA: VDE)
  • Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA: RYE)
  • Energy Select Sector SPDR Fund (NYSEARCA: XLE)






Stock to Watch: Ford (NYSE: F)

Deutsche Bank has downgraded Ford after the company missed its Q4 2022 earnings. 

  • Deutsche Bank cites "considerable operational shortfalls" as the reason for the downgrade. 
  • Deutsche Bank doesn't believe that Ford has a clear plan or path to profitability in EVs and is risking accumulating losses as it moves into EVs. 
  • Deutsche Bank believes Ford will fall by 23% to $11 a share. 






Stock to Watch: Amazon (NASDAQ: AMZN)

  • Analysts believe that investors should buy Amazon, with the average Wall Street analyst seeing a 27.25% upside in the next 12 months. 
  • 47 out of the 51 analysts that cover Amazon have it rated as a buy or strong buy, with just one having it as underperform and nobody recommending a sell. 
  • Target prices for Amazon range from $80.00 to $232.75 per share, with an average of $136.32. 







Stock to Watch: Alphabet (NASDAQ: GOOGL)

  • The company has a 16.12% upside to its target price over the next 12 months, according to Wall Street analysts. 
  • 44 of the 48 analysts tracking the stock recommend it as a buy or strong buy, with the other four classifying it as a hold. 
  • The average target price for the stock is $123.96 with a high of $169.50 and a low of $93.00. 

Post a Comment

Previous Next

Contact Form