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Top Wall Street analysts are optimistic on the outlook for these 3 stocks

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TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Burlington Stores and Amazon

A shopper carries Burlington bags in New York, US, on Monday, Nov. 20, 2023. Burlington Stores Inc. is scheduled to release earnings figures on November 21.The debate around when the Federal Reserve will start to lower interest rates continues to influence market sentiment. Investors are interpreting important macroeconomic data, including jobs market reports, to decipher the current state of the U.S. economy.

"BURL is the smallest and least-profitable of the major off-price retailers, and we believe that it has a significant top-line and margin runway ahead that is not yet fully factored into estimates," said Tarlowe. The analyst noted that businesses are increasingly adopting generative AI to boost operating efficiency and enhance competitiveness, driving profits at Amazon Web Services . He expects AWS to see a continued rise in the number of large language models built on its platform, thanks to its "superior operating performance, security, and industry-leading capabilities."

 

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