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It’s always a good idea to keep track of stock upgrades, even downgrades.
Just don’t rely on the information as your only reason to buy or sell a stock. Make sure you do your own due diligence, fundamentally and technically before you do anything.
With that in mind, here are just a few of the stocks that analysts are highlighting.
Amazon (SYM: AMZN)
After collapsing from about $240 to a low of about $162, shares of Amazon are attempting to pivot higher. Last trading at $189.11, we’d like to see AMZN retest $210.
Helping, earnings weren’t too shabby. EPS of $1.59 beat by 23 cents. Revenue of $155.7 billion, up 8.7% year over year, beat by $580 million. Net sales are expected to be between $159 billion and $164 billion as compared to estimates for $161.1 billion.
Goldman Sachs also reiterated a buy rating on the AMZN stock. The firm noted, “On net, while investors likely wanted more granularity on framing how tariffs and the shifting consumer landscape will impact AMZN’s P&L in the coming quarters, we found the company’s tone reassuring and the Q2 Operating Income guide, while below Street, was above our pre-earnings estimate which we had revised down to embed even worse headwinds.”
Walmart (SYM: WMT)
Last trading at $98.70, we’d like to see Walmart (WMT) retest $105 initially.
Analysts at Mizuho just initiated an outperform rating on WMT with a $105 price target. The firm says WMT is capable of “delivering the complete package, even through a trade war,” as quoted by Barron’s.
Analysts at DA Davidson reiterated a buy rating on the WMT stock, noting, “Walmart reports earnings May 15th. Not only because of their size, but also as one of the first big box retailers to report, we believe WMT’s earnings event will set the narrative for the consumer group, at least through the spring.”
Nvidia (SYM: NVDA)
Rebounding shares of Nvidia last traded at $114.78. From here, we’d like to see it retest $140. Helping, companies like Microsoft and Meta just said they would boost their capex to grow their AI capacity, which helps fuel stocks like NVDA.
Bank of America reiterated its buy rating on NVDA, noting, “Despite unwelcome but now largely expected EPS reset, we find stock compelling at 29x our CY25E EPS and given unwavering support for mission critical AI infrastructure investments/even raised capex by major U.S. cloud customers.”
Continue Reading Stocks Analysts Love —> The Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years.
$1,000 in each turned into $1.18 million!
But the Man Who Called Nvidia at $1.10 Says “AI’s Next Magnificent Seven Could Do It Even Faster.”
He says $1,000 in these seven stocks could turn into $1 million+ in less than six years.
See His Breakdown of the Seven Stocks You Should Own Here.
The first company on his list just signed a MAJOR deal with Apple.
The company’s tech is going to be included in the iPhone and iMac until 2040!
That’s why Alex says this company might be America’s 7th trillion dollar company.