Check out top investment banks' favorite stocks for the future!
Stocks closed on Friday with losses for the week.
- $Dow Jones Industrial Average (.DJI.US)$ slipped less than 0.1% this week, for its third straight week of declines.
- The $S&P 500 Index (.SPX.US)$ fell nearly 0.6% since Monday for its second straight week of losses.
The market is not in its best shape right now. You might be wondering what are the best stocks to buy. Luckily, top investment banks identified the following stocks' potential.
BofA Securities considers 14 industries to be future tech
$Bank of America (BAC.US)$ strategists just came out with a fresh list of what they call technology "moonshots" to help guide investors in their search for the next $Amazon (AMZN.US)$ or $Apple (AAPL.US)$.
Failure to identify future tech today could mean missing out on the next big revolution. The pace at which themes are transforming businesses is blistering, but the adoption of many technologies -- like smartphones or renewable energy -- have surpassed experts' forecasts by decades because we often think linearly, but progress occurs exponentially.
- Israel, BofA's head of global thematic investing reseach
Morgan Stanley's Slimmon sees value stocks coming back to life
Stocks tied to the economic reopening had a banner 2020 before their performance petered out a few months ago. But Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management who oversees around $7.5 billion, is making big bets on reopening plays, banks and other value stocks.
For example, you could look at $Airbnb (ABNB.US)$, $Restaurant Brands International (QSR.US)$, $American Airlines (AAL.US)$ and other reopening plays.
Goldman Sachs loves these stocks, but the rest of Wall Street does not
In a note to investors this week, Goldman Sachs shared several stocks with a buy rating, which most people on Wall Street rated as neutral or sell.
- $Expedia (EXPE.US)$ is one of GS's favorite Internet stocks recently, The company says that it is optimistic about the mid-to-long-term operating profit margin of the travel site because management has resolved its inefficient cost structure and pre-pandemic expenditures level. The stock has risen about 13% this year.
- Calvin Klein and Tommy Hilfiger's parent company $PVH Corp (PVH.US)$, has a 26% upside. Its stock has risen by more than 16% this year.
- $Hyatt Hotels (H.US)$ is expected to have 39% upside. The hotel chain's stock has risen by about 1% this year as the pandemic continues to bring various setbacks to the tourism industry. This stock has only been affirmed by 6% of analysts from Wall Street institutions.
Source: Bloomberg, CNBC
Source: Bloomberg, CNBC
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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101679835 : Good
DeeOnlyWant : Well done.
Jeri03 : I sure hope so
New Wealth : Good reading for ideas
MsPrettyPretty : 109% gronwth wow
moneyworkhard : While we shd be optimistic, we're not out of the woods yet. These industries are stuttering, without funding - it could go bust.
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