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The Best Stocks to Invest $50,000 in Right Now

3 years ago
Building an investment portfolio is like planning a vacation: You want to find the right balance between the places you know and some exciting surprises. And when it comes to an investing destination with plenty of variety, the tech sector has it all: e-commerce titans, AI-powere
The Motley Fool

3 Best Stocks to Buy Now, 10/3/2023, According to Top Analysts

3 years ago
Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well. To find more stocks like these, take a look at TipRanks’  Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts. Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Sunrun ( NASDAQ:RUN)  – Sunrun is a residential solar energy company focused on providing clean energy solutions to homeowners. Yesterday,  Susquehanna analyst Biju Perincheril reiterated a Buy rating on the stock with a price target of $26. Interestingly, eight out of the nine Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 176%. Mr. Cooper Group ( NASDAQ:COOP)  – This company provides non-banking services for mortgage loans in the United States. Yesterday,  KBW analyst Bose George upgraded the stock’s rating to Buy with a price target of $65. In the last three months, all four Top Analysts rated the stock a Buy. Collectively, their 12-month price targets imply an upside of nearly 26%. Amazon.com ( NASDAQ:AMZN)  – Amazon.com provides online retail shopping and cloud computing services. Yesterday,  UBS analyst Lloyd Walmsley maintained a Buy rating on the stock with a price target of $180. AMZN stock has received Buy recommendations from all 33 Top Analysts who have recently rated it. Overall, the consensus 12-month price target suggests an increase of about 36%. Who are the Top Analysts? TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’  Top Wall Street Analysts page. Disclosure
TipRanks

Missed the NVDA Stock Rally? Grab GOOGL and AMZN, Says Analyst

3 years ago
Nvidia ( NASDAQ:NVDA ) stock is an obvious bet to capitalize on the growth potential of the transformative  AI (Artificial Intelligence) technology. However, with a year-to-date rally of about 207%, NVDA stock’s valuation might not be enticing near the current levels. Nonetheless, if you’ve missed the remarkable rally in NVDA, consider investing in shares of Alphabet ( NASDAQ:GOOGL )( NASDAQ:GOOG ) and Amazon ( NASDAQ:AMZN ).  Morgan Stanley analyst Brian Nowak believes both companies are well-positioned to seize the AI opportunity. In a note to investors dated October 1, Nowak said that the addressable market for generative AI enterprise software remains large, providing multi-year growth opportunities for companies, including Google Cloud and Amazon Web Services. Nowak is bullish about GOOGL and AMZN stocks. With this backdrop, let’s consider why Google and Amazon are top AI bets. NVDA's Soaring Valuation Calls For Alternatives Google Cloud highlights that its AI and machine learning products and solutions help build generative AI applications quickly and efficiently.  Thomas Kurian, the CEO of Google Cloud, said during the Goldman Sachs Communacopia & Technology Conference that AI would require large-scale infrastructure, and Google has been building it. Kurian added that 70% of AI unicorns use Google Cloud, and over 50% of all funded AI companies are its customers.  The company also introduced a series of  AI-powered functionalities across its products, encompassing Workspace Collaboration, Data and AI, Infrastructure, and Cybersecurity solutions.  Regarding Amazon, its Amazon Web Services (AWS) continues to dominate the cloud infrastructure industry. During the Q2 conference call, AMZN’s  CEO Andrew Jassy said that AWS is the leader in the cloud space with the most extensive customer base, “size of partner ecosystem, breadth of functionality, and the strongest operational performance.” Further, Amazon has invested heavily in AI and is leveraging Nvidia’s H100 GPUs (Graphics Processing Unit) to develop generative AI applications. While Google and Amazon are leading the cloud infrastructure space needed to modernize IT systems, train AI models, and develop AI applications, let’s look at what the Street recommends for their shares. Is Alphabet Stock a Buy, Sell, or Hold? With Google at the forefront of transformative technological advancement, analysts maintain a bullish outlook about its prospects. With 31 Buy and four Hold recommendations, Alphabet stock has a Strong Buy consensus rating.   Analysts’ average price target of $150.67 implies 12.3% upside potential from current levels.  Is Amazon a Buy or a Sell Right Now? With 40 Buy and one Hold recommendations,  Amazon stock is a Strong Buy (based on consensus rating). Further, analysts’ 12-month average price target of $176.02 implies an upside of 35.96% from current levels.  Bottom Line  Google and Amazon are leading companies in the cloud space and are poised to capitalize on AI-led opportunities. Both companies sport a Strong Buy consensus rating on TipRanks. However, Amazon stock offers a higher upside potential from current levels (based on analysts’ consensus price targets) when compared to Google. Disclosure
TipRanks

3 Stocks That Could Create Lasting Generational Wealth

3 years ago
The legendary investor Peter Lynch once famously said: "Everybody in the world is a long-term investor until the market goes down." That's why investors often claim they'll hold a stock forever and pass it down to their grandchildren as it surges to new highs, yet immediately rus
The Motley Fool

Better Buy: Amazon vs. Apple

3 years ago
Tech stocks made a solid recovery this year after falling out of favor in 2022. Macroeconomic headwinds have caused declines across the industry as inflation hikes curbed consumer and commercial spending. However, advances in burgeoning markets like artificial intelligence (AI) s
The Motley Fool

Is Snap Stock Attractive At The Current Levels?

3 years ago
Snap’s stock (NYSE: SNAP) has lost roughly 4% YTD as compared to the 12% rise in the S&P500 index over the same period. That said, at its current price of just below $9, it is trading 8% above its fair value of slightly above $9 – Trefis’ estimate for&n
Trefis

Why Amazon Stock Bumped Higher on Monday

3 years ago
What happened Amazon (NASDAQ: AMZN) stock began the trading week with a pleasant pop. On Monday, several factors combined to drive the massive online retailer's share price 1.4% higher, topping the more or less flat performance of the S&P 500 index on the day.
The Motley Fool
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