Being only long or short-biased in the market can be dangerous, so today, investors have two stocks to keep and one to get rid of.
Today, there are two stocks that are worth being bullish on, while one gives investors enough evidence to stay bearish on if not outright putting on a short position. These long targets are found in shares of Some on Wall Street have already started to sound the alarm bells regarding Dollar General stock, particularly analysts at Citigroup as of September 2024. They recently downgraded Dollar General stock to a “Sell” rating, this time also dropping the price target to only $73 a share to call for a net downside of as much as 10% from today’s price.
Knowing that the recent interest rate cuts from the Federal Reserve will likely push business activity higher, Buffet is readying his capital to be exposed to the oil demand resulting from this trend. Here’s where investors get an even better deal, though. Some may argue that Microsoft’s valuation is a bit rich today, but when investors compare today’s price to tomorrow’s expected earnings per share . Wall Street analysts now forecast up to $3.48 in EPS for the next 12 months, a jump of 18% from today’s $2.95.
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »