These are the top stocks to own for rest of the year, according to Wolfe Research

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Walmart Inc,Advanced Micro Devices Inc,Eli Lilly And Co

The firm released its Wolfe Alpha List for September, which includes three additions and four removals from its previous run down.

As September kicks off, Wolfe Research is spotlighting some key stocks to watch for the month ahead. Though August closed out with stocks rebounding from the global sell-off earlier that month, the major averages have been off to a rocky start in September. In fact, the month began with all three indexes suffering their worst days since the Aug. 5 rout.

6% year to date, they've skyrocketed more than 28% in the past three months after the company's fiscal second-quarter results beat estimates . Wolfe sees the stock only going higher from here. From Wednesday's close, the firm's price target of $685 implies 19% upside ahead. The firm thinks its current valuation creates an attractive risk-reward profile.

 

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