Wells Fargo says buy stocks, not the stock market now. Here's its bargain list

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 72%

Netflix Inc 뉴스

Uber Technologies Inc,Eli Lilly And Co,Meta Platforms Inc

Watch these stocks as Wall Street tries to regain ground from a global sell-off.

Recent market turbulence has unearthed some bargain prices for momentum stocks, according to Wells Fargo. The major averages have sought to make a comeback following a vicious global sell-off on Monday that was powered by worries over the U.S. economy and the unwinding of the yen carry trade. Dip buyers stepped in on Thursday, lifting the S & P 500 to its best session since November 2022. Wells Fargo analyst Christopher Harvey remains cautious on the broader market, however.

mountain Nvidia stock. Nvidia will report second-quarter results in late August. Harvey also listed Meta as a potential bargain-buying candidate. Shares of the Facebook-parent company have gained roughly 45% in 2024, but have slumped 3% over the past month. The social media firm surpassed Wall Street's estimates on the top and bottom lines in the second quarter, buoyed largely by a rise in advertising revenue. Meta also forecast third-quarter revenue in the range of $38.

mountain Meta Platforms stock. Eli Lilly has climbed 53% in 2024, but is down roughly 8% over the past month. Lilly, the maker of weight loss and diabetes drugs Zepbound and Mounjaro, trounced analysts' estimates in the second quarter and raised its full-year revenue guidance. Other stocks on the list include streaming giant Netflix and ride-sharing provider Uber .

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

'Buy stocks, not the stock market': Wells Fargo'Buy stocks, not the stock market': Wells Fargo
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Here's why Wells Fargo stock is down 7% despite the bank's quarterly earnings beatThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

We are upgrading our rating on Wells Fargo as investors dump stock post-earningsWe don't like to see guidance misses, but bank interest income estimates depend on interest rates, which Wells Fargo has no real control over.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »