7 Stock Picks That Analysts Are Actually Upgrading Now
The stock market is a mess of bearishness and volatility right now. But despite the carnage, a sizable number of stock picks are starting to look better in the eyes of Wall Street's pros, and they're starting to compile some analyst upgrades as a result.
The Federal Reserve has introduced aggressive measures and Congress is finalizing a $2 trillion rescue package. That's at least providing a sense that there might be a backstop in place to prevent a total implosion of GDP over the next two quarters. But the hit to corporate profits still is hard to quantify at this point. We know it will be bad once the first-quarter earnings reports start trickling in next month. We just don't know how bad.
"We have zero visibility on the earnings front," says Sonia Joao, a financial advisor based in Houston, Texas. "We're hoping for the best but bracing for the worst and trying to keep our portfolios weighted toward higher-quality names."
Nonetheless, Wall Street's pros are starting to see a brighter picture for a few stock picks. Part of this is simply a function of price: No matter how bad the economic picture looks, at some price, most stocks are worth owning. And in some cases, stock prices have fallen far more than
