{"id":12984,"date":"2024-04-02T18:05:14","date_gmt":"2024-04-02T12:35:14","guid":{"rendered":"https:\/\/bigbreakingwire.in\/quarter-224-wells-fargos-investment-outlook-and-top-picks\/"},"modified":"2024-04-02T18:05:14","modified_gmt":"2024-04-02T12:35:14","slug":"quarter-224-wells-fargos-investment-outlook-and-top-picks","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/quarter-224-wells-fargos-investment-outlook-and-top-picks\/","title":{"rendered":"Quarter 2&#8217;24: Wells Fargo&#8217;s Investment Outlook and Top Picks"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Wells Fargo&#8217;s preferred selections for the second quarter of 2024: <\/p>\n\n\n\n<p><strong>Overweight Tactical Ideas:<\/strong><br><br><strong>1. Amazon (AMZN):<\/strong> Wells Fargo is bullish on Amazon with a price target of $211. They anticipate margin expansion due to fulfillment fee restructuring, which could potentially add $5.2 billion in annualized operating income for North American retail.<br><br><strong>2. Starbucks (SBUX):<\/strong> With around 15% upside, Wells Fargo foresees a recovery for Starbucks in the second half of the year, driven by menu innovation.<br><br><strong>3. Insmed (INSM):<\/strong> Wells Fargo has set a price target of $55 for Insmed, implying a 100% upside potential. They are optimistic about the possibility of Insmed doubling in value on positive results from its brensocatib drug trials for bronchiectasis.<br><br><strong>4. Citigroup (C) and Devon Energy (DVN):<\/strong> Wells Fargo also expresses bullish sentiments towards Citigroup and Devon Energy.<br><br><strong>Underweight for the Quarter:<\/strong><br><br><strong>1. Tesla (TSLA):<\/strong> Wells Fargo is bearish on Tesla, setting a price target of $125, which implies a 29% drop. They cite concerns about slowing growth and demand as reasons for their underweight rating on Tesla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo&#8217;s preferred selections for the second quarter of 2024: Overweight Tactical Ideas: 1. Amazon (AMZN): Wells Fargo is bullish on Amazon with a price&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,616],"tags":[275,567,2931,2930,1192,2572,2927,2929,112,2928,1483],"class_list":["post-12984","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-stock-in-news","tag-amazon","tag-citigroup","tag-devon-energy","tag-insmed","tag-investment","tag-outlook","tag-q224","tag-starbucks","tag-tesla","tag-top-picks","tag-wells-fargo","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3nq","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/12984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=12984"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/12984\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=12984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=12984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=12984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}