Today’s Stock Picks: Top Investment Opportunities for Astute Investors


According to Commerce Department estimates, the US GDP increased by 2.9% in the fourth quarter of 2022, exceeding the average estimate of 2.8% among experts polled by Dow Jones. Despite concerns about a possible recession, this increase was higher than predicted. 

According to the IMF’s most recent prediction, global economic growth will fall from 3.4% in 2022 to 2.9% in 2023 before recovering to 3.1% in 2024. The prediction for 2023 is marginally higher than what was expected in October 2022, but it is still lower than the 3.8% annual growth rate from 2000 to 2019.

The rise in central bank interest rates to combat inflation, as well as the ongoing conflict in Ukraine, are having an impact on global economic activity. 

The COVID-19 epidemic initially hindered growth in 2022, but recent limitations have resulted in a faster-than-expected recovery. 

Global inflation is expected to fall from 8.8% in 2022 to 6.6% in 2023 and 4.3% in 2024, while it will remain higher than pre-pandemic levels of roughly 3.5%.

AMC Entertainment Holding Inc (NYSE:AMC)

Today's Stock Picks

AMC Entertainment Holdings, Inc. (NYSE:AMC) is a Kansas-based firm that owns, operates, and has a stake in cinemas around the United States and Europe. 

AMC Entertainment Holdings, Inc. (NYSE:AMC), one of the world’s largest movie theater chains, had a difficult 2022, with its stock falling 76% due to a variety of factors, including low box-office returns, a scarcity of major productions, and changes in theater attendance patterns caused by the ongoing COVID-19 pandemic.

Despite the obstacles of 2022, the December release of Disney’s Avatar: The Way of Water increased both box-office income and theater attendance. This has had a beneficial effect, which has carried over into the new year. 

As of February 6, AMC Entertainment Holdings, Inc. (NYSE:AMC) shares have risen 63% year to date.

AMC Entertainment Holdings, Inc. (NYSE:AMC) filed a proxy with the SEC on January 30 describing two proposals required to convert its preferred equity units into common shares. 

According to B. Riley analyst Eric Wold, preferred equity unit holders own 64% of the total holdings and may not have another opportunity to extract value from those units.

As a result, the analyst believes the proposals will be approved, potentially allowing the company to issue more equity in the coming years. This could assist AMC Entertainment Holdings, Inc. (NYSE:AMC) in eliminating all debt and pursuing more diversification possibilities for media sector growth. 

The analyst rates AMC’s stock as Neutral, with a $4.50 price target, and believes the mid-March vote will result in a favourable outcome.

SoFi Technologies Inc (NASDAQ:SOFI)

SoFi Technologies, Inc. (NASDAQ:SOFI) is a digital financial services firm based in California. It operates in three business units: lending, technology platforms, and financial services. It’s one of the top momentum stocks to invest in. 

SoFi Technologies, Inc. (NASDAQ:SOFI) shares increased 8.4% in pre-market trading on January 30 after the business published Q4 results that above analyst expectations and issued a higher outlook for 2023 adjusted EBITDA.

SoFi Technologies, Inc. (NASDAQ:SOFI) continues to attract new members for its financial products and expects adjusted net revenue of $1.93 billion to $2.00 billion in 2023, compared to the consensus expectation of $1.98 billion. 

The company expects adjusted EBITDA of $260 million to $280 million, vs a consensus of $253.8 million.

SoFi Technologies, Inc. (NASDAQ:SOFI) surpassed expectations in Q4 and has outperformed expectations three times since resetting them for the student loan moratorium push-out from Q1 of 2022, according to Citi analyst Ashwin Shirvaikar on January 31. 

The analyst is bullish on SoFi Technologies, Inc. (NASDAQ:SOFI(NASDAQ:SOFI) )’s quest to attain GAAP profitability by Q4 2023, as well as the predicted positive contribution margins in its faster-growing Financial Services division.

Affirm Holdings Inc (NASDAQ:AFRM)

Affirm Holdings, Inc. (NASDAQ:AFRM) is based in San Francisco, California and was launched in 2012. 

The company’s digital and mobile-first commerce platform includes consumer point-of-sale payment solutions, merchant commerce solutions, and a consumer-centric app.

On February 1, Deutsche Bank analyst Bryan Keane raised the firm’s price objective on Affirm Holdings, Inc. (NASDAQ:AFRM) from $11 to $18, while keeping the stock under a Hold rating. 

Due to the possibility of an imminent economic slowdown, the analyst feels there is “more limited upside” relative to consensus expectations and the company’s projections for both Q2 and fiscal year 2023. 

The price objective, however, has been lifted to reflect the recent increase in values among consumer lending fintechs in the same peer group.

Coinbase Global Inc (NASDAQ:COIN)

cex crypto coinbase

Coinbase Global, Inc. (NASDAQ:COIN) provides global crypto economy technology and financial infrastructure. It was established in 2012 and is headquartered in Wilmington, Delaware. Coinbase Global, Inc. (NASDAQ:COIN) is an excellent momentum stock to keep an eye on. 

As of February 6, the stock has risen approximately 120% year to date, with an average 3-month trading volume of 17.28 million.

JPMorgan analyst Kenneth Worthington boosted the firm’s price objective for Coinbase Global, Inc. (NASDAQ:COIN) from $53 to $60 on January 20, while maintaining a Neutral rating on the stock. 

According to the analyst, the recent spike in cryptocurrency prices in early 2023 has benefited broker/exchanges like Coinbase, since larger volumes and prices enhance the company’s performance.

He feels that, despite the fact that the crypto ecosystem has been plagued by trust concerns, Coinbase Global, Inc. (NASDAQ:COIN) has emerged with its credibility and brand reinforced in comparison to other brokers/exchanges following the fall and bankruptcy of FTX.


Stock Picks

Lyft, Inc. (NASDAQ:LYFT) is a California-based firm that operates a platform in North America that connects passengers with drivers for ride-sharing services. The company operates transportation networks that enable customers with customised, on-demand access to various modes of transportation.

It is one of the best momentum stocks to buy.

Michael Morton, a MoffettNathanson analyst, commenced coverage of Lyft, Inc. (NASDAQ:LYFT) on January 30 with a Market Perform rating and a $15 price target. 

The company’s aggressive growth over the last decade is now behind it, and the toughest times are behind, according to the analyst in a research note.

He believes that the major companies in the gig economy are securely established, that marketing efforts are decreasing, and that market consolidation is occurring in the United States.

However, according to MoffettNathanson, Lyft, Inc. (NASDAQ:LYFT) is at a disadvantage when compared to Uber’s mobility and delivery network effect.

According to Insider Monkey’s third-quarter data, 37 hedge funds were positive on Lyft, Inc. (NASDAQ:LYFT), up from 35 in the previous quarter. Ken Fisher’s Fisher Asset Management is the company’s largest shareholder, with 11.7 million shares worth $154.4 million.


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