10 Hot Stock Picks for a Summer Rally
How do you find fresh investing inspiration in these choppy times? Right now, political uncertainty in Italy has sent global markets into a tailspin, and the U.S. has just put a global tariff tiff back into play. However, even in these conditions, there still are several stock picks that look like compelling opportunities right now.
Credit Suisse analyst Andrew Garthwaite, who still sees stocks as a valuable source of returns, recently wrote in a note to clients: "We conclude that a US recession is unlikely until Q3 2020. Remain overweight equities."
So if it's still game-on for bulls, which stocks are worthy of a closer look? We used TipRanks' market data to compile a list of 10 of the most intriguing stock picks right now. TipRanks tracks the latest stock ratings from more than 4,700 analysts. As a result, we can pinpoint the stocks that Wall Street's top analysts believe are set to rally in the coming months.
Let's take a closer look at their favorite stocks now:
Micron
Market value: $66.8 billion
TipRanks consensus price target: $76.65 (33% upside potential)
TipRanks consensus rating: Strong Buy
Highflying semiconductor stock Micron (, $57.59) revealed multiple positive catalysts at its annual analyst day on May 21. First came an earnings guidance raise for its fiscal third quarter, then news of a deal with Intel (). The icing on the cake? A massive $10 billion share buyback program. Micron now expects revenue this
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