Your weekend brief: Wall Street's best-performing analysts like these 5 stocks right now amid the market turmoil
Chewy CEO Sumit Singh rings the opening bell to commence the day's trading for the Chewy Inc. IPO at the New York Stock Exchange , June 14, 2019.Which stocks are primed to outperform during this notably volatile period? Here are a few of the names the best-performing Wall Street analysts are betting on.
"Tone was upbeat as Mr. Lucarelli highlighted improving conditions in the supply chain and discussed strength in 5G/ Medical/Defense" noted Schafer. With shares up 3 percent year-to-date, his $140Although ADI could experience near-term coronavirus pressures, particularly in auto/industrial, looking ahead to 2021 the Oppenheimer analyst is impressed by ADI's 5G-led structural growth and margin profile.
Post-print the analyst reiterated his buy rating on the stock while ramping up his stock price forecast from $40 to $62. Despite the stock's 71 percent year-to-date rally, Mahaney's new"Importantly, CHWY's results and outlook suggest to us that the company is at an inflection point and that it is a structural winner from the Covid crisis" he told investors on June 9.
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