5 Buy-rated stocks by Oppenheimer

seekingalpha
05 Nov 2024

Alistair Berg

Oppenheimer analysts provided some “color for Fundamental focus calls” to five buy-rated stocks in an uptrend.

These are stocks discussed on a research call by Oppenheimer’s fundamental analysts.

Goldman Sachs Group (GS)

The stock has corrected its path towards a support range of $502 around the 50-day average and down to $490 around the 100-day average, analysts wrote.

“We view this pullback as a near-term opportunity to buy long-term strength.”

In addition, the strong capital markets (KCE) industry is a tailwind for the stock.

SAP SE (SAP)

The stock has “one of the strongest trends” within the software (XSW), (ARKW), (IGPT) industry.

Clearwater Analytics Holdings (CWAN)

Here, analysts see pre-breakout potential below the stock’s $28 resistance (from the October 2021 peak).

However, “it will be important for the stock to uphold $25 support,” analysts said.

Toll Brothers (TOL)

The stock has a bullish trend and a high-momentum score. A strong homebuilder (XHB), (SPSIHO) industry is a tailwind for the stock.

Equinix (EQIX)

The stock is trying to reclaim its 200-day average vs. the S&P 500 (SP500), analysts said.

“For now, trading action is positive above $870 support (50-day average) and we’re closely watching the stock’s imminent test of $915 resistance (March peak).”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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