News Formal

Here are Wolfe's favorite stocks as market approaches fresh record

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 72%

Investment Strategy News

Stock Markets,S&P 500 Index,Dow Jones Industrial Average

'While we expect continued choppy trading in the market, we expect companies with solid fundamentals to outperform,' Wolfe Research's Chris Senyek said.

Wolfe Research has a selection of favorite long-term stock ideas to weather the stock market's summer volatility. Recent market action has been unpredictable, as the three major U.S. indexes climbed to records in July, followed by a steep global sell-off in early August and a recent rebound rally.

Bernstein analyst Richard Clarke, who has a $118 price target on Expedia, thinks the company can grow volumes faster than other online travel agencies even with rising competition. Expedia has adjusted its business model to focus more on business-to-business sales and its core brands, which has helped the company adapt to competition while leading to margin pressure, Clarke said. Walgreens is another long-term favorite that popped up on Wolfe's screens. The stock has 25.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Buy these stocks with solid earnings power during the volatility, Wolfe Research saysThrough the back half of the year, investors should look at these names that may be set to outperform, one researcher says.
Source: CNBC - 🏆 12. / 72 Read more »

The market is flashing signs of caution below the surfaceThe technical setup for stocks is exhibiting some troubling signals, Wolfe Research says.
Source: CNBC - 🏆 12. / 72 Read more »

These stocks have strong balance sheets as broader market sells offWolfe Research shared its latest list of stocks with high free cash flow.
Source: CNBC - 🏆 12. / 72 Read more »