Monday's top analyst calls: JPMorgan names Carvana a top pick, AMD gets a downgrade

JPMorgan named Carvana a top pick, calling for major gains ahead. Morgan Stanley meanwhile, lowered its rating on Advanced Micro Devices to equal weight. Check out the latest calls and chatter below. All times ET. 5:49 a.m.: JPMorgan names Carvana a top pick Used car retailers could see a tough year ahead amid consumer spending declines, choppy supply and below-average industry volumes, according to JPMorgan. Carvana could buck those trends, however, the firm said.

mountain CVNA year to date "We believe CVNA's recent de-coupling from industry trends on unit growth, coupled with strong execution on margins, makes them best positioned in this backdrop to drive relative upward revisions," Gupta said in a Monday note, adding that the company has shown "superior execution" compared to its peers in the sourcing and recognition of broader and cheaper mix of vehicles, which has allowed for strong conversion and low overall inventory levels.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These are JPMorgan’s top stock picks for clients heading into JuneJPMorgan spotlighted a fresh set of stocks, reflecting its analysts' top picks as May begins, including Carvana and L3Harris Technologies.
Source: CNBC - 🏆 12. / 72 Read more »

Wednesday's analyst calls: JPMorgan upgrades gas stock, Amazon a top pickA gas stock and an e-commerce giant were among the stocks being talked about by analysts on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »