How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it’s best to be prepared. October is a notoriously volatile month, and this week’s heated presidential election debate did little to calm the markets — especially with the looming prospect of a contested election result down the line.
However, there are still stocks out there ready to outperform — you just have to find them. One possible way forward is to follow stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service reveals the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst.
Most importantly, the stocks highlighted below have scored only buy ratings from these top analysts in the last three months. No holds, no sells. That means these stocks boast a unanimously bullish Street outlook right now.
Here are the best-performing analysts’ six favorite stocks right now:
With no less than 36 recent buy ratings from top analysts, it’s clear that Amazon is riding a wave of bullish Street sentiment right now. After an upgrade from Bernstein’s Mark Shmulik on September 22, the stock scores a clean slate of buy ratings across the board.
Shmulik boosted his rating after admitting that he “undervalued the power of being the sole e-commerce demand aggregator.” Covid has pulled forward secular trends, says Shmulik, from e-commerce to digital advertising and cloud, with Amazon a primary beneficiary across all three revenue pools.
At the same time, Amazon’s logistics strength is a key upside driver worth highlighting. “We believe investors under-appreciate the magnitude of the strategy behind, & the implications of, the dramatic buildout in