Stocks to Watch: Tesla and Costco
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Trends to Watch: E-commerce stocks Ahead of the holiday season, there are numerous e-commerce stocks that investors have been watching. Many of these stocks have had negative performances so far this year but may recover during the holiday season. If you are looking to back this trend, here are a few names: - Warby Parker (NYSE: WRBY) is down 63.21% so far this year, but its consensus price target implies it could gain 15%.
- Allbirds (NASDAQ: BIRD) is down 81.50% so far this year, but its consensus price target implies it could gain 82.5%.
- Shopify (NYSE: SHOP) is down 73.30% so far this year, but its consensus price target implies it could gain 8.35%.
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Trends to Watch: Retail Investors Despite the decline in the influence of retail investors over the past few months, their stock picks can still be indicative of future market movements and trends. Here are the most commonly purchased stocks by retail investors last week: - Tesla (NASDAQ: TSLA)
- Apple (NASDAQ: AAPL)
- Walt Disney Company (NYSE: DIS)
- Occidental Petroleum (NYSE: OXY)
- Coinbase (NASDAQ: COIN)
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Trends to Watch: Thanksgiving Bank of America has put together a list of stocks that could surge following Thanksgiving as their sales and brand exposure will increase this weekend and into the holiday season. These stocks include: - Kraft Heinz (NASDAQ: KHC)
- Duckhorn Portfolio (NYSE: NAPA)
- General Mills (NYSE: GIS)
- Conagra Brands (NYSE: CAG)
- Hormel Foods (NYSE: HRL)
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Trends To Watch: Holiday Shopping KeyBanc Capital has put together a list of names that they think can benefit from the holiday shopping season. They include: - Walmart (NYSE: WMT)
- Ollie's Bargain Outlet (NASDAQ: OLLI)
- Nordstrom (NYSE: JWN)
- Oxford Industries (NYSE: OXM)
- Lululemon Athletica (NASDAQ: LULU)
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 Stock to Watch: Costco Wholesale Corp (NASDAQ: COST) Bank of America recommended its clients purchase Costco in a note sent to clients on Tuesday. - The stock is down 8% this year, beating the broader S&P 500, which is down 16%.
- They reason that as inflation drives up food prices, Costco will have a stronger value proposition, helping to draw in additional customers.
- The firm estimates that Costco shares could rise 15% in the next year.
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 Stock to Watch: Tesla (NASDAQ: TSLA) Morgan Stanley is warning investors that until the issues at Twitter are solved, it could continue to decline. - Morgan Stanley claims that Tesla needs strong consumer sentiment, commercial partnerships, government support, and capital market support to succeed, but Musk's actions at Twitter are putting all of these aspects of Tesla's business at risk.
- Tesla's price is down more than 50% since Musk made his initial stake in Twitter public in April.
- Despite the risks, Morgan Stanley still claimed that Tesla stock should rise nearly 95% in the next year.
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Trends to Watch: Overweight Sectors Goldman Sachs has put together a list of industries it recommends that are overweight in the short term to beat the S&P 500. Below are those sectors and their current weight within the S&P so you can adjust your portfolio accordingly should you wish: - Healthcare represents 15% of the S&P 500
- Consumer staples represent 7% of the S&P 500
- Energy represents 5% of the S&P 500
- Telecommunications services represent 1% of the S&P 500
- Consumer apparel represents 1% of the S&P 500
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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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