7 Smart Money Stocks To Buy For 2019

As we head into 2019, here are some of the best smart money stocks out there right now. In other words stocks that have a glowing future ahead — especially in the longer-term. That’s because even though the markets are floundering, there are stocks that look compelling at current levels. “It’s not the growth story or the fundamentals,” says JP Morgan’s Joyce Chang about what the market needs. “It’s — right now — confidence that the market is looking for.”

For this article, we turned to TipRanks’ revamped Stock Screener. We scanned the stocks to ensure that they have an overall ‘Strong Buy’ top analyst consensus rating and upside potential of over 20%. And as the headline also implies, these stocks also boast a positive hedge fund sentiment:

The best part is that you can order the results as you wish, whether by upside potential — a crucial factor in assessing a stock’s growth potential, or market cap, or any other metric that you are screening for.

Now let’s take a closer look at the top 10 stock picks for what remains of 2018!

Morgan Stanley (MS– Research Report)

Financial giant Morgan Stanley has just been upgraded by Oppenheimer’s Chris Kotowski (Track Record & Ratings). This is with a $61 price target (51% upside potential).

But don’t be misled- the upgrade wasn’t the result of stellar earnings results.

Kotowski explains: “We upgraded MS to the middle of earnings season at a price of $45.10. The upgrade in truth had very little to do with the quarterly results, though they were fine at $1.17 vs. our $1.04E and consensus $1.01E and almost everything to do with the fact that the stock was down from $59 in March even though earnings and earnings forecasts were going up.”

Instead, the analyst calls the bigger picture, longer term reasons for owning the stock “compelling.” Most importantly, MS’s mix of business has changed from very capital-intensive ones to less capital-intensive ones. Not only is the TCE ratio way up, but cash is way up, illiquid assets way down, repo way down and funding maturities way extended.

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Disclaimer: TipRanks is an independent cloud based service that measures and ranks digitally published financial advice. TipRanks' natural language processing (NLP) algorithms aggregate and ...

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