Barron's Weekend Stock Picks: Globalstar Satellites, Catalent And Dell's Delightful Destiny
Portfolio Pulse from Justin Chan
Barron's has highlighted several stocks in its weekend review. Globalstar Satellites (GSAT) is expected to perform well under the new leadership of former Qualcomm CEO, Paul Jacobs. Allegro MicroSystems (ALGM) is cautioned due to its high demand from automakers. Catalent (CTLT) has seen a boost after settling with Elliot Management and agreeing to a strategic review. Tesla's (TSLA) stock is tumbling as the market processes the implications of the new Model 3 on the company's sales growth and market share in China. Dell (DELL) is expected to benefit from the growth in artificial intelligence.
September 02, 2023 | 4:34 pm
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NEGATIVE IMPACT
Investors are cautioned about Allegro MicroSystems due to its high demand from automakers.
The high demand for Allegro MicroSystems' chips from automakers could lead to supply chain issues, which could negatively impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's stock is tumbling as the market processes the implications of the new Model 3 on the company's sales growth and market share in China.
The introduction of the new Model 3 could impact Tesla's sales growth and market share in China, which could negatively affect the company's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Catalent has seen a boost after settling with Elliot Management and agreeing to a strategic review.
The settlement with Elliot Management and the agreement to a strategic review could lead to positive changes in Catalent, which could boost the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Dell is expected to benefit from the growth in artificial intelligence.
The growth in artificial intelligence could lead to increased demand for Dell's products, which could boost the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Globalstar Satellites is expected to perform well under the new leadership of former Qualcomm CEO, Paul Jacobs.
The new leadership of former Qualcomm CEO, Paul Jacobs, is expected to bring positive changes to Globalstar Satellites, which could boost the company's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90