Welcome to Extreme Investor Network, where we provide expert insights and analysis on the latest in the world of investing. Today, we bring you a recap of Monday’s analyst calls and Wall Street chatter, providing you with valuable information to help you make informed investment decisions.
Let’s start with a chipmaker and an online brokerage that analysts are buzzing about. UBS recently gave its Nvidia earnings preview, raising its full fiscal year earnings estimates. Meanwhile, Piper Sandler upgraded Robinhood to overweight from neutral. These are just a few of the exciting developments happening in the market today.
One stock that investors should consider buying is Walmart, according to Evercore ISI. Analyst Greg Melich initiated a positive tactical outperform rating on Walmart, citing expectations for the company to match Wall Street’s second-quarter estimates and maintain its full-year guidance relative to other retailers. With a steady ship in a tough consumer backdrop, Walmart provides a port for investors seeking stability and growth potential.
Pilgrim’s Pride, on the other hand, appears fairly valued after its recent run-up, leading BMO Capital Markets to downgrade the poultry producer to market perform from outperform. Analyst Andrew Strelzik noted that the stock is approaching the firm’s price target, indicating limited upside potential in the near term.
HSBC joined the bull camp on GE Vernova, initiating coverage of the energy stock at a buy rating. Analyst Sean McLoughlin sees significant growth potential for GE Vernova, positioning it as a leader in the energy sector with promising earnings growth opportunities.
In the technology sector, Mizuho cut Micron’s price target amidst a recent pullback in artificial intelligence names. Despite the downward pressure on multiples, analyst Vijay Rakesh maintained his outperform rating on Micron, suggesting significant upside potential for the stock.
Churchill Downs is another stock to watch, with Bank of America upgrading the horse racing-focused company to buy from neutral. Analyst Shaun Kelley sees double-digit growth opportunities for Churchill Downs, making it a compelling investment within the gaming sector.
Eli Lilly’s impressive earnings report has caught the attention of Deutsche Bank, leading analyst James Shin to upgrade the pharmaceutical stock to buy from hold. With high growth potential and low beta, Eli Lilly stands out as a promising investment opportunity in the healthcare sector.
At Extreme Investor Network, we provide unique insights and analysis to help you navigate the complex world of investing. Stay tuned for more updates and valuable information to guide you in making informed investment decisions. Happy investing!