Downbeat Wall Street Backed Stocks (1/2)
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Hey Insiders, By request, today we will look at more stocks that are down so far this year but have strong support amongst Wall Street analysts. This will be a two-part newsletter that will continue on Monday since U.S. markets will be closed for Labor Day. The criteria will be as follows: - Buy rating over 50%
- 15% or more implied upside
- Negative performance year to date
If you have any suggestions for trends or stocks to watch next weekend, please reach out on Twitter. Onward and upward, | | |
Stock to Watch: Arista Networks (NYSE: ANET) - This technology stock is down 14.4% year to date.
- The stock has a 55.2% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 22.3% over the next 12 months.
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Stock to Watch: Tapestry (NYSE: TPR) - This consumer stock is down 12.9% year to date.
- The stock has a 54.5% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 29.3% over the next 12 months.
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Stock To Watch: CDW Corp. (NASDAQ: CDW) - This technology stock is down 12.3% year to date.
- The stock has a 72.7% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 21.4% over the next 12 months.
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Stock to Watch: Teledyne Technologies (NYSE: TDY) - This industrials stock is down 12.2% year to date.
- The stock has a 62.5% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 29% over the next 12 months.
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Stock to Watch: LKQ Corp (NASDAQ: LKQ) - This consumer stock is down 10.1% year to date.
- The stock has a 53.8% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 18.6% over the next 12 months.
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Stock to Watch: Analog Devices (NASDAQ: ADI) - This technology stock is down 9.7% year to date.
- The stock has a 57.7% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 26% over the next 12 months.
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Stock to Watch: Motorola Solutions (NYSE: MSI) - This technology stock is down 8.6% year to date.
- The stock has a 57.1% buy rating from Wall Street analysts.
- The implied upside based on the average target price from Wall Street analysts is 15.7% over the next 12 months.
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NOTE: Inside.com newsletter, event, and website content reflects the opinions of only the authors who are associated persons of Inside.com and do not reflect the views of Inside.com. This content is for informational purposes only, and is not a recommendation of an investment strategy or to buy or sell any security, digital asset (including cryptocurrency) in any account. The content is also not a research report and is not intended to serve as the basis for any investment decision. The content is not legal advice. Any third-party information provided therein does not reflect the views of Inside.com. All investments involve risk including the loss of principal, and past performance does not guarantee future results. | |
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| | Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada. | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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