Mizuho is out with its top stock picks for April, and the selections include home retailers and an energy company. It's also keeping Nvidia on the list. The Wall Street firm highlighted 24 of its highest-conviction bets across six sectors. The newest additions for April include Lowe's Companies and Wayfair , as well as cruise line operator Carnival . Energy giant Chevron was one company for which Mizuho said its bullish outlook is greater than that of the rest of the Street. Mizuho left Nvidia as a top pick at a time when some investors are less certain about the AI chipmaker's outlook after its huge run-up. Last week, for example, Piper Sandler dumped Nvidia from its model portfolio and said that it's concerned the S & P 500 is due for a correction. Here are some of Mizuho's top picks for the month. Lowe's is one new pick the firm is especially bullish on. Analyst David Bellinger said the North Carolina–based retailer is “decisively well-positioned as home improvement demand recovers and unleashes [an] outsized, double-digit earnings expansion in the process.” In fact, Mizuho said its price target on Lowe's is about 10% above analysts' consensus. The $280 price target represents about 16% upside from Lowe's closing price on Wednesday. Chevron is another new pick Mizuho is more positive on than the rest of the Street. Chevron has underperformed its competitors over the past month. However, analyst Nitin Kumar expects the acquisition of Hess Corp. to go through despite investor concerns that it will not — and act as a catalyst for the stock. Kumar's $200 price target on Chevron represents 24% upside from Wednesday's close. Nvidia remains a top pick on the list. Analyst Vijay Rakesh said he expects the chipmaker to maintain its market leadership in a market that's set to grow 10 times over the next five years. Other top picks include Intuit and Meta Platforms .
News Related-
Leon Cooperman says it's a stock picker's market. Here are his new favorite bets
Billionaire investor Leon Cooperman thinks that it's a stock picker's market and only individual names will offer value for investors as the overall market struggles. A new filing just revealed his top selections. The chair and CEO of Omega Advisors held about $167 million worth of Energy Transfer at the ...
See Details: Leon Cooperman says it's a stock picker's market. Here are his new favorite bets -
These bond funds are among the top performers in 2023 – Here’s what investors should do next
It's been a good year for yield-chasing investors willing to take some risk in fixed income. The Federal Reserve's rate hikes since March 2022 have had the pleasant side effect of lifting yields on interest-bearing assets ranging from Treasury bills to money market funds. The lowly 1-year certificate of deposit ...
See Details: These bond funds are among the top performers in 2023 – Here’s what investors should do next -
Goldman's hedge fund VIP portfolio is up 31% this year. These are the stocks on the list
Hedge funds' favorite stocks have crushed the broader market in 2023, returning 31%, thanks to mega-cap technology companies, according to Goldman Sachs. The Wall Street bank analyzed the holdings of 735 hedge funds with $2.4 trillion of both long and short equity positions at the start of the fourth quarter, ...
See Details: Goldman's hedge fund VIP portfolio is up 31% this year. These are the stocks on the list -
A bearish options bet against this coffee stock showing some fatigue
Identifying underperforming stocks is becoming a challenge, with the broader market approaching new highs. Starbucks (SBUX) looks like it could be an interesting stock to bet against. While the stock saw an impressive 18% surge post an earnings beat at the start of the month, it's displaying indications of fatigue, ...
See Details: A bearish options bet against this coffee stock showing some fatigue