Investing

Top analysts say buy stocks like Shopify and GoDaddy

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After experiencing unusually broad market momentum since November, stocks are overdue for a lengthy pause or a correction. Stock picking will matter from here as the economic reopening determines different winners and losers.

According to a team of J.P. Morgan strategists, “it wouldn’t be surprising to witness consolidation” given the current strong price momentum, high valuations as well as overweight investor positioning. That said, any consolidations or corrections shouldn’t be seen as “durable inflection points this early in the business cycle and the hyper-stimulus era.”

A strategy investors can use to find exciting investment opportunities is to follow the activity of analysts with a…



Source cnbc.com

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