Roman GłogulskiThe landscape for top stocks on Wall Street is undergoing significant changes. Several major firms have made important calls regarding some of the industry’s leading companies. Let’s take a closer look at the latest developments.
KBW has downgraded Charles Schwab to a market perform rating from outperform. The company’s recent earnings report has raised concerns, and while the long-term outlook remains positive, KBW believes that it will take time for the positive catalysts to materialize.
UBS, on the other hand, has reiterated its buy rating for Netflix. The firm believes that the dynamics of the industry will drive the company’s shares higher. With the industry increasing prices, consolidating platforms, and renewing focus on licensing, UBS expects Netflix to benefit significantly.
Bank of America has upgraded Apple to a buy rating from neutral. The firm sees potential upside for Apple, driven by the introduction of Generative AI features in 2024/2025 and higher growth in services as the company monetizes its installed base.
Mizuho has named Affirm and Robinhood as its top picks. The firm sees Affirm’s debit card as a game-changer for credit payments, and it is highly bullish on the opportunity to bring Buy Now, Pay Later (BNPL) services to brick and mortar through the card. Mizuho also likes Robinhood’s prospects in 2024, with improved sentiment benefiting equity and options trading.
These are just a few of the recent calls made by major firms on Wall Street. Each call reflects the changing landscape and dynamics of the stock market. Investors should carefully consider these calls when making their investment decisions.
