With equities ending May higher, Piper Sandler says everything is going right for a handful of stocks. The firm's "triple select" list for May screened for stocks that could benefit from the alignment of a confluence of research markers, including a favorable macroeconomic backdrop, strong company fundamentals and complementary chart analysis. All of the stocks on Piper Sandler's list are rated overweight.
mountain Oracle stock has added about 10% in 2024. "Oracle Corporation ranks among the best in its sector on cash flow return on equity, and is above average in its historical EPS growth while also seeing net positive revisions to EPS estimates," analyst Brent Bracelin noted. The analyst added that Oracle has yet to fully capitalize on a growing artificial intelligence tailwind.
mountain Tractor Supply Co stock has soared more than 31% in 2024. Moreover, Keith singled out the company as benefiting from exceptional cash flow profitability, which he says is best in class among peers in the hard line and leisure segment. "Tractor Supply Company possesses the attributes that the macro select model is targeting as prime for the current backdrop," the analyst said.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »