Even as focus turns to the upcoming presidential election, Morgan Stanley thinks the business cycle will matter more for stock picking. The recent rise in yields following optimistic economic data, including last week's wholesale inflation report, could indicate that the bond market is beginning to part with some of the growth concerns on the hope that the economy is on stable footing, equity strategist Michael Wilson wrote in a research note Monday.
mountain Nvidia stock. Goldman Sachs analyst Toshiya Hari raised his price target on Nvidia last week, citing optimism that Nvidia can grab more business from AI inference , or when an AI model is fed new data and makes a prediction or solves a task based on its training. Wells Fargo also made the cut. Shares of the banking stock have gained more than 27% in 2024. WFC YTD mountain Wells Fargo stock.