Behind the markets

3 Stocks Benefiting from AI – Week of 8/13

Analysts at Morgan Stanley recently published a report naming companies that have evaluated ways to increase profits, or save money, using AI.

Here are three “Strong Buy” stocks from that list –

Bruker Corporation – SYM: BRKR
Recent Price: $65.74
Price Target: $84.18
What They Said: “Approximately $75 million of our estimated 2023 revenue is driven by AI trends, and we think this will keep increasing.” 
Firms with Buy Rating: UBS, Citi, Bank of America Securities
Description: Bruker Corporation, together with its subsidiaries, develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company operates through four segments: Bruker Scientific Instruments (BSI) BioSpin, BSI CALID, BSI NANO, and Bruker Energy & Supercon Technologies.

===
7 Best Stocks for the Next 30 Days

There are ups and downs with stocks but there looks to be a ton of upside to go in the surging 2023 market. Here’s how we can take full advantage of it…4,400 stocks are ranked by our unbiased earnings-based system, 220 qualify as Zacks Rank #1 Strong Buys. This is the list that beats the S&P 500 more than 2X over. Since 1988, these stocks have averaged a stunning gain of +24.3% per year, 7 are hand-selected by Zacks experts as most likely to jump now.

See the 7 Best Stocks for Free
===

Ceridian HCM Holding Inc. – SYM: CDAY
Recent Price: $72.60
Price Target: $81.50
What They Said: The HR software company said its generative AI tool was answering 85% of customer questions, up more than 10% on the previous quarter, which is “on pace to provide a 10% gain in overall productivity in the customer support.”
Firms with Buy Rating: BMO Capital, Citi, Credit Suisse
Description: Ceridian HCM Holding Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. The company also provides Bureau solutions for payroll and payroll-related services. It sells its solutions through direct sales force and third-party channels. The company was incorporated in 2013 and is headquartered in Minneapolis, Minnesota.

===
#1 tech stock paying 10% (for now)

Dear reader, this tech stock is breaking out to new highs as you’re reading this. It pays a 10% dividend… And is riding the wave of the tech surge we’ve seen in 2023. No, it’s not an AI stock or semiconductor. Actually it’s a high-yielder that would’ve got you into companies like Pinterest and Zoom. If you take this stock and plug it into this income plan…it could set you up to pay your bills for life.

Click here to see this 10% yielder.

===

Vertiv Holdings Co – SYM: VRT
Recent Price: $33.75
Price Target: $34.57
What They Said: The company said it had received “AI-related orders … in the tens of millions of dollars,” per Morgan Stanley’s note.
Firms with Buy Rating: J.P. Morgan, Goldman Sachs, TD Cowen
Description: Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. The company also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and digital critical infrastructure software services. It offers its products primarily under the Vertiv, Liebert, NetSure, Geist, E&I, Powerbar, and Avocent brands. The company serves social media, financial services, healthcare, transportation, retail, education, and government industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. Vertiv Holdings Co is headquartered in Westerville, Ohio.

deal of the month

best growth stocks

Alliance

Bundle package – lifetime subscriptions for all products

Categories

Recent posts

Tags

Connect with Us

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

Name*

You applied for

Hidden Market Profits

Platinum

$99

This field is for validation purposes and should be left unchanged.