Stocks to Watch: Analog Devices, Aptiv

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Stock to Watch: Analog Devices, Inc. (NASDAQ: ADI)

  • Analag Devices, Inc. is a technology company with a market cap of $97.5B. 
  • The company gained 14% during earnings season as its Earnings per Share growth estimate increased from 2.1% at the start of earnings season to 12.3% at the end of the season due to strong earnings and forecasts. 
  • The company is rated a buy by 58.1% of Wall Street analysts, with an average upside of 14% to its price target. 





Stock to Watch: Aptiv PLC (NYSE: APTV)

  • Aptiv PLC operates in the consumer cyclicals sector and has a market cap of $32.4B.
  • The company gained 17.8% during earnings season as its Earnings per Share growth estimate increased from 28.3% at the start of earnings season to 29.6% at the end of the season due to strong earnings and forecasts.
  • The company is rated a buy by 51.9% of Wall Street analysts, with an average upside of 18% to its price target.



Stock to Watch: Microchip Technology Incorporated (NASDAQ: MCHP)

  • Microchip Technology Incorporated is a technology company with a market cap of $45.6B.
  • The company gained 11.1% during earnings season as its Earnings per Share growth estimate increased from 28.8% at the start of earnings season to 30.2% at the end of the season due to strong earnings and forecasts.
  • The company is rated a buy by 63% of Wall Street analysts, with an average upside of 19.8% to its price target.



Stock to Watch: Meta Platforms Inc. Class A (NASDAQ: META)

  • Meta Platforms Inc. Class A is a technology company with a market cap of $448.2B.
  • The company gained 26.2% during earnings season, but its Earnings per Share growth estimate decreased from -34% at the start of earnings season to 11.9% at the end of the season due to weaker-than-expected earnings and forecasts.
  • The company is rated a buy by 57.9% of Wall Street analysts, with an average upside of 19.2% to its price target.





Trend to Watch: Popular Hedge Fund Stocks

While many of us manage our own portfolios, looking at hedge fund managers to see what stocks and trends they are investing in can be beneficial. Here are the top 10 stocks based on the number of funds that hold the stock as a top 10 holding in their portfolio:

  1. Microsoft (NASDAQ: MSFT)
  2. Amazon (NASDAQ: AMZN)
  3. Meta (NASDAQ: META)
  4. Alphabet (NASDAQ: GOOGL)
  5. Visa (NYSE: V)
  6. Uber (NYSE: UBER)
  7. Apple (NASDAQ: AAPL)
  8. Netflix (NASDAQ: NFLX)
  9. Activision Blizzard (NASDAQ: ATVI)
  10. Mastercard (NYSE: MA)





Stock to Watch: Intuit (NASDAQ: INTU)

  • Wells Fargo analyst Michael Turrin has rated Intuit's stock as overweight, with a price target of $475 per share, highlighting the company's potential for price growth. This is nearly a 20% upside. 
  • Intuit's resilience and push toward TurboTax Live Assisted and full-service offerings are expected to drive growth during tax season, which starts next month. 
  • According to Wells Fargo, Intuit's TurboTax has outpaced competitors, with a 4.3% compound annual growth rate since 2012, compared to 3.1% for others in the DIY tax prep space.





Stock to Watch: Walgreens Boots Alliance (NASDAQ: WBA)

  • Loop Capital has given the company a $45 target price, higher than the $41.32 average target price from Wall Street analysts. 
  • Loop is bullish on the company's new healthcare platform, cost-cutting measures, and the portfolio of healthcare providers in which WBA has invested, which could help it drive growth and profitability. 
  • WBA beat its most recent earnings expectation and boosted its outlook for 2023 due to its acquisition of Summit Health's U.S. healthcare divisions.

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