Welcome to Extreme Investor Network, where we bring you the latest insights and recommendations in the world of investing. As we enter the final quarter of the year, Jefferies has identified several stocks that are poised for growth in the coming months.
Despite increased volatility in the market, fueled by a sharp rise in the CBOE Market Volatility Index, the overall market has seen gains this quarter. The S & P 500, Dow Jones Industrial Average, and Nasdaq Composite have all posted gains, driven by a strong start to earnings season.
Jefferies has updated its list of “franchise picks,” highlighting high-conviction, buy-rated stocks with potential upside. Among the newly added stocks are Kenvue, a consumer health company spun out from Johnson & Johnson, and transportation company Saia. These companies have been chosen based on differentiated analysis, supported by catalysts and attractive valuation levels.
One of the stocks on Jefferies’ list is integrated oil producer ConocoPhillips, which is expected to benefit from cost savings at its large-scale projects. Jefferies also sees potential upside from Conoco’s acquisition of Marathon Oil, which is expected to close this quarter.
Another stock to watch is Kenvue, which has seen gains in recent months. Jefferies believes that updates to its reinvestment and restructuring timeline, as well as topline growth in key categories, could drive the stock higher.
Jefferies is also bullish on Progressive, noting that the insurance company is above consensus earnings-per-share estimates for the coming years. The bank sees potential for continued growth and upward revisions of Street estimates.
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