One of the best ways for investors to judge investment recommendations from Wall Street is to have the ideas not only match up on a fundamental basis, but also look good on all the technical charts. The combination of the two makes the process of choosing an investment much easier. Plus, it covers the areas at which the top portfolio managers on Wall Street look closest.
A new Oppenheimer research report features the firm’s current U.S. MAER best ideas list. The MAER rating analyzes trends in revisions to the consensus estimates, alongside price and fundamental information. The stocks also have an attractive technical profile and are rated Outperform at the firm.
We found three that make very good sense now.
The absolute leader in online retail is also a dominate player in cloud storage business, and it crushed earnings this past quarter. Amazon.com Inc. (NASDAQ: AMZN) serves consumers through retail websites, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers. In addition, the company serves developers and enterprises through Amazon Web Services (AWS), which provides compute, storage, database, analytics, applications and deployment services that enable virtually various businesses. It is a momentum part of the company RBC says is one of the most compelling in tech today.
The company has had outstanding unit and revenue growth. In addition, the online retail giant’s fulfillment advantage over peers may end up being one of the most significant silos in the company’s overall business structure.
Wall Street analysts have noted that holiday spending data suggests that desktop online sales grew but rates slowed from last year, with mobile significantly outgrowing desktop. They cited Channel Advisor data that noted that Amazon’s showed an outstanding 21% growth rate on Black Friday last year. Many think that the company has as many as 50 million Amazon Prime subscribers in the U.S. alone.
The Oppenheimer price target for the stock is $745, and the Thomson/First Call consensus target is $741.10. The stock closed Wednesday at $632.65 per share.