Buy stocks Tuesday like Nvidia & Super Micro Computer

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Buy stocks Tuesday like Nvidia & Super Micro Computer

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as neutral Bank of America said

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is still “too early in its journey” for the firm to recommend the stock. “But we expect historically volatile user & revenue trends to continue and with current macro/rate uncertainty, we prefer larger cap stocks in sector.” JPMorgan reiterates Tesla as underweight JPMorgan said it’s sticking with its underweight rating on the stock. ” Tesla’s announcement yesterday that it would conduct its largest ever layoffs, amounting to more than 10% of its global workforce, should firmly dispel the notion that the firms earlier reported big 1Q delivery miss was somehow supply-driven rather than reflective of a demand problem.” Citi adds a positive catalyst watch on Coty Citi said shares of the beauty company are attractive. “At COTY , we are opening a positive 30-day catalyst watch as we see a compelling near-term opportunity post the negative stock reaction on ULTA’s comments on U.S. beauty, which we believe are less applicable (low US exposure, fragrances), and expect a FQ3 topline/profit beat.” Goldman Sachs initiates GE Vernova as buy Goldman said it’s bullish on the company’s electrification opportunity. ” GEV is a global electric power (i.e., gas, wind, nuclear, hydro, solar) company that provides equipment/services to generate, transfer, convert and store electricity.” Goldman Sachs initiates DraftKings as buy Goldman said the sports ******** company is a “revenue compounder.” “We initiate coverage of DraftKings (DKNG) with a Buy rating and a 12-month price target of $60.” Goldman Sachs initiates Genius Sports as buy Goldman said it sees an “attractive buying opportunity” for the sports data and tech company. “We initiate coverage on Genius Sports Ltd. (*****) with a Buy rating and a 12-month price target of $7.50 (40% upside).” HSBC upgrades Advanced Micro Devices as buy HSBC said in its upgrade of AMD that investors should buy the dip. “We upgrade the stock to Buy as we expect AMD to gain 10% market share by 2025 and benefit from Nvidia’s AI GPU product transition in 2024.” Wells Fargo upgrades Kroger to overweight from equal weight Wells said it sees an an “attractive stock setup” for the grocery company. “We have turned bullish on KR. Fundamentals look poised to improve, potential for a huge buyback is growing, its alt. value opportunity seems underappreciated, and $5+ in ’25 EPS is coming into focus.” Needham reiterates Apple as buy Needham lowered its estimates on the stock but says it’s sticking with its buy rating. “AAPL’s anemic and/or negative growth

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, along with expected cost increases to fund GenAI, are the biggest gating factors preventing new investors from buying AAPL, based on our conversations.” JPMorgan reiterates

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, Meta and Alphabet as top picks JPMorgan said it’s bullish on several internet stocks heading into earnings. “We reiterate our Overweight ratings across AMZN, META , & GOOGL, w/our preference in that order.

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is our Best Idea, even as it is most owned across our coverage.” Barclays upgrades Tyson Foods to overweight from equal weight Barclays said in its double upgrade of the poultry company that shares are undervalued. “With this, we believe TSN as a whole is undervalued, as we see further upside to its Chicken segment and its Prepared Foods segment also seems undervalued.” Morgan Stanley initiates Auna as overweight Morgan Stanley said it’s bullish on shares of the LatAm healthcare company. ” AUNA has entered an organic growth phase, expanding earnings from the occupancy ramp-up in hospitals with limited CAPEX, and deleveraging from its strong operating cash generation.” Loop reiterates Super Micro as buy Loop raised its price target on the stock to a Street high $1,500 per share from $600. “We’re raising our PT to $1500 as we continue to gain confidence in both our net-bullish Gen AI server industry posture and SMCI as an increasing leader in the need for both complexity and scale.” William Blair initiates On Holding as buy William Blair said in its initiation of On Holding that the footwear company is best-in-class. “Best Opportunity for Durable Growth Among Emerging Athletic Brands; Initiating With Outperform Rating Cantor Fitzgerald initiates Klaviyo as buy Cantor said it’s bullish on shares of the marketing tech company. ” Klaviyo was really the only software IPO of any meaningful size in 2023, ‘IPO’ing at $30/ share.” UBS upgrades TD Synnex as buy UBS said it sees “revenue acceleration” for the information technology company. “We are upgrading shares of TD SYNNEX to Buy and raising our price target to $145 from $115 as we expect growth to accelerate in FY24 and FY25 to 6%, which is not priced in by the market.” Baird upgrades Crown Holdings to outperform from neutral Baird said investors should buy the weakness in shares of the packaging company. “Following significant YTD underperformance we are upgrading our investment rating on the shares of Crown Holdings to Outperform, noting that we are commensurately raising our price target to $90 based on ~15x our 2024 EPS estimate of $5.95.” Argus upgrades Goldman Sachs to buy from neutral Argus upgraded Goldman Sachs following its earnings report on Monday. “Upgrading to BUY following 1Q results. We are upgrading our rating on the GS shares to BUY following 1Q results, which demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn.” Guggenheim reiterates

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as buy Guggenheim raised its price target on

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to $700 per share from $600. “

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share performance has remained strong in 2024, up 29% vs. 7% for the NASDAQ 100, and investor confidence into earnings is high.” Deutsche Bank names General Motors a top pick Deutsche said it’s bullish on shares of GM ahead of earnings next week. “Top picks. Beyond the quarter, we stay tactically positive on GM into potentially much better full-year

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and additional share buyback announcement.”

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Crown Holdings Inc,Goldman Sachs Group Inc,On Holding AG,Auna SAA,

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Inc,Tesla Inc,NVIDIA Corp,Tyson Foods Inc,Alphabet Inc,Meta Platforms Inc,

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.com Inc,Advanced Micro Devices Inc,Coty Inc,GE Vernova Inc,DraftKings Inc,Kroger Co,Genius Sports Limited,

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,Honeywell International Inc,Rivian Automotive Inc,TD Synnex Corp,Klaviyo Inc,

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Inc,General Motors Co,Investment strategy,Breaking News: Markets,Markets,Breaking News: Investing,business news
#Buy #stocks #Tuesday #Nvidia #Super #Micro #Computer

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