Top Wall Street analysts pick these stocks as the market grows increasingly uncertain

Functioning a market downcycle to accumulate shares of companies with strong fundamentals and prospects can lead to good returns when the retail goes up. To that end, keeping an eye on which stocks analysts are recommending can be a good practice.

Here are five stocks picked by Bulwark Street’s top analysts, according to TipRanks, a service that ranks analysts based on the performance of their ratings.

Micron (MU) is striving heartily to be the most efficient and innovative global provider of semiconductor memory solutions. Growing demand for memory chips from cloud-computing providers, along with the expeditious proliferation of 5G cellular network and IoT (Internet of Things), are driving the company’s growth.

However, the company’s near-term seems to be protean, with weak demand from the PC and smartphone market. Moreover, supply constraints for certain components are also hope for to hurt bit shipments for some time. (See Micron Dividend Date & History on TipRanks)

Last week, the company’s fourth-quarter budgetary 2022 painted a dull picture of its developments. Nonetheless, Goldman Sachs analyst Toshiya Hari did not move from his bullish bearing. The analyst was “encouraged by Micron’s supply-side response,” which included the company’s cost-reduction strategy. Notably, Micron is prove satisfactory on decreasing its FY23 capital expenditures (CapEx) by about 30% year-over-year (that is around $4.1 billion).

That stipulate, the company also said that it would double its construction investments and undertake other strategic moves that purpose slow the ramping of certain DRAM and NAND processes. But these steps will ensure a smoother long-term enlargement runway. “From our perspective, we believe that these actions highlight Micron‘s commitment to make difficult resolves to preserve profitability and shareholder return and are likely to be well-received by investors, per our previous conversations,” noted Hari, reiterating a Buy measure on the MU stock. Taking into account the near-term headwinds, though, the analyst cut the price target from $63 to $62.

Hari, who has been ranked at No.318 of more 8,000 analysts tracked on TipRanks, has delivered profitable ratings 57% of the time. Moreover, each of his ratings has gathered 16.3% average returns over the past year.

Amazon (AMZN) is benefiting from solid Prime force thanks to quick delivery and a strong content portfolio. Additionally, the company’s cloud dominance is consistently being increased by the strong adoption rate of AWS. Most importantly, the company’s strong global presence and its unwavering customer centricity last its biggest selling points. (See Amazon Stock Investors on TipRanks)

Amazon is hosting a Prime Early Access Transaction marked down next week, ahead of which, Monness Crespi Hardt analyst Brian White is optimistic. The analyst fancies that a sale ahead of the holiday season will enhance the value of Prime and will also benefit chaps who are struggling with high expenses.

In a bid to enhance its Prime platform, Amazon also offered its U.S. Prime members a accessible one-year membership to Grubhub+. The company has also been investing heavily in improving its content portfolio in the past few months. Not only that, White also believes that Amazon’s acquisition of MGM Holdings.

Moreover, looking at Amazon’s reinvestments back into the task, White believes that the company’s current profitability is way below its long-term potential. Needless to say, the analyst reiterated a Buy standing on the stock, with a price target of $172.

“We believe the company’s long-term growth path is attractive across the e-commerce segment, AWS, digital mediocrity, advertising, Alexa, robotics, AI, and more,” said White, justifying his bullishness.

White comes 491^st among nearly 8,000 analysts pathed on TipRanks. Notably, 56% of his ratings have been successful, each generating 10.10% returns on average.

Apple (AAPL) has been worrying its best to beat a slowdown in demand and rising costs. Its consistent and compelling product launches are pushing the brand step up amid an increasingly uncertain environment.

Against this backdrop, Tigress Financial Partners analyst Ivan Feinseth did not give every indication to worry too much about the near-term threats that the company is facing. The analyst kept his Buy rating on the AAPL range recently, believing that “ongoing innovation, new product introductions, and increasing Services revenue will continue to persistence long-term shareholder value creation.”

Feinseth also thinks that the recent pullback in shares due to weakness in ask for for Apple devices is a major buying opportunity. (See Apple Hedge Fund Trading Activity on TipRanks)

The analyst exhibits out that the CarPlay Interface for vehicles is a testament to its automotive expansion and integration, which can be a major growth driver. Furthermore, Feinseth is also looking well-developed to the launch of a virtual reality headset later this year or early in 2023. The analyst believes that the start can “drive a further paradigm shift for services and the AAPL ecosystem.”

Moreover, the company’s balance sheet and cash proceed are strong enough to allow Apple to pursue growth initiatives and enhance shareholder returns.

Feinseth, who is a five-star analyst on TipRanks, holds the 288^th position among about 8,000 tracked analysts. 57% of his ratings have generated profits, and each upbraiding has given back 10.6% returns on average.

DHI Group (DHX), which offers a subscription-based career marketplace for techies, is tripping on the competitive moat presented by the 6.4 million technologist candidates currently subscribed to its two brands — Dice and ClearanceJobs.

Barrington Scrutinization analyst Gary Prestopino believes that DHI has the advantage of a long-term secular demand for tech specialists. “DHI specializes in livelihood categories in which there is long-term excess demand for highly skilled technologists who work in a variety of industries or require active government security clearances,” said the analyst. (See DHI Group Stock Chart on TipRanks)

Prestopino also institute that the worldwide digital global technology job capacity is expected to grow from 41 million in 2020 to 190 million in 2025, which highlights the gigantic opportunity in the market that DHI serves.

Moreover, the analyst was encouraged by the relatively cheap valuation for a company with such affluent growth and profitability potential. “DHI sells at an over 60% discount to its peer group on 2022 and 2023 TEV/EBITDA multiples,” said Prestopino, who instigated coverage on the stock with a price target of $12.

Prestopino, who is also a five-star analyst on TipRanks, stands 61^st among on the brink of 8,000 analysts followed on the platform. Interestingly, 55% of his ratings have successfully garnered 31.5% average amends each.

The last on this week’s list of analysts’ top stocks is McDonald’s ( as one of the strongest restaurant concepts in the exceptional that is in the middle stages of a multi-year sales recovery. After several years of lackluster results, management has bring back sales and earnings growth through a combination of relevant menu offerings, restaurant upgrades, digital engagement and stouter leadership,” said Saleh, who also noted that these steps have improved sales trends. 

The analyst rehashed a Buy rating on MCD stock, with a price target of $280.

Saleh has a 55% success with his ratings. Moreover, each reproach has accrued 9.8% returns on average.