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Dear Fellow Investor,
One of the best ways to spot opportunity is by keeping tabs on stocks being upgraded.
Oftentimes, a firm will upgrade a stock if the financial health of the covered stock has become favorable. Or, perhaps they liked what the covered company said in a recent meeting. Or maybe they’re seeing favorable emerging trends in the industry. Whatever the case may be, upgrades will often lead to increased buying interest from investors.
However, don’t just use a price revision as your sole reason to buy a stock.
After all, analysts aren’t perfect. Instead, look at what other analysts may be saying about the same stock. If one firm has a “Buy” rating and five other firms are saying it’s a “Sell,” dig a bit deeper into what’s going on fundamentally and technically.
The last thing you ever want to do is jump into any stock without doing your own due diligence.
Check out these top stocks that were just upgraded.
Company: Dell (SYM: DELL)
Goldman Sachs just reiterated its buy rating on Dell with a $135 price target.
“Enterprise and sovereign AI opportunities are in earlier stages of adoption, and the company continues to optimize its organization to address AI demand across customer verticals and regions,” said Goldman Sachs, as quoted by CNBC. “AI server margins should improve over time through a greater mix of higher margin services revenue and a diversification to a larger number of AI server customers.”
Weiss Ratings
Modern Nostradamus Warns of Financial Disaster Pre-Election
Dr. Martin Weiss, who has predicted past financial crises with deadly accuracy, now warns of a major catastrophe that could begin before the next election. Millions could lose their savings, their investments, their financial freedom. But just taking three vital steps now can safeguard your future.
Watch Dr. Weiss's urgent video to discover how to shield yourself from the impending crisis!
Company: Salesforce (SYM: CRM)
Analysts at Northland just upgraded Salesforce (SYM: CRM) to an outperform rating.
The firm noted that, “We believe CRM is well positioned to capitalize on the more than 3x in software TAM we expect GenAI will drive.”
Technically, CRM just broke above double top resistance at around $278. It also refilled its bearish gap from May and could retest $290 shortly.
Daily Market Alert
Top 5 Stocks with Millionaire-Maker Potential For 2024
Tech stocks are sizzling, and I mean red-hot.
Just take a peek at these jaw-dropping gains over the past year:
• Nvidia soared 239%,
• Meta Platforms surged 112%,
• CrowdStrike climbed a whopping 163%,
• MongoDB rocketed up 157%, and…
• Arlo Technologies shot up a staggering 171%.
Now, the million-dollar question: which ones are gearing up to follow suit?
Don't wait—click here to scope out all 5 stocks right now.
(Clicking Above Automatically Registers you for Daily Market Alert’s Newsletter)
Company: Rio Tinto (SYM: RIO)
Analysts at Berenberg just upgraded Rio Tinto to a buy rating.
The firm noted that, “With a lower medium-term capital bill than BHP and significantly less execution risk than Anglo American, we move Rio up to Buy, and think that the shares will be the medium-term diversified winner versus peers.”
Plus, with soaring demand for the copper needed in electric vehicles, the power grid, data centers and more, there is significant upside potential ahead for companies like RIO.
Chaikin Analytics
Wall Street slashes NVDA holdings
The most successful hedge fund in history quietly sold 500,000 shares. Here's what that means for your money. Billionaire Wall Street investors are quietly offloading millions of shares. What do they know that you don't? It's arguably the most popular stock in the world. Now, one 50-year Wall Street legend says its day in the sun could finally be coming to an end. Last year, he warned of two stocks that went on to crash 60%.
Now he's just issued a warning for the most popular stock in the world: Nvidia (NVDA).
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