Barron's Weekend Stock Picks: Uber Joins The S&P 500, Schwab Rebounds And What's Next for Johnson & Johnson?
Portfolio Pulse from Justin Chan
Barron's weekend stock picks include Uber joining the S&P 500, Elliott Management's stake in Phillips 66, Schwab's rebound, Apple's December performance, and UBS's upgrade of Johnson & Johnson. Uber's inclusion in the S&P 500 reflects its recent profitability. Elliott Management's $1 billion stake in Phillips 66 could lead to a 75% stock increase. Schwab's stock rose 12% with a positive outlook from analysts. Apple may see a better December due to high holiday expectations and improved supply. Johnson & Johnson was upgraded to 'Buy' by UBS, with a positive outlook on its businesses.
December 02, 2023 | 10:29 pm
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POSITIVE IMPACT
Despite historically weak Decembers, Apple's stock may perform better this year due to high holiday expectations and improved supply conditions.
Apple's stock performance in December could be positively impacted by high holiday demand and improved supply chain conditions, which may counteract the historical trend of weak performance in this month.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Johnson & Johnson received an upgrade to 'Buy' from UBS, with a positive outlook on its Innovative Medicine business and MedTech growth.
Analyst upgrades typically lead to positive sentiment among investors, which can result in a short-term increase in stock price, especially when the upgrade is based on strong growth prospects in key business areas.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Elliott Management's $1 billion stake in Phillips 66 and push for changes could lead to a significant stock price increase.
Activist investors like Elliott Management can influence company policies and strategies, which can lead to improved performance and stock price appreciation, especially when their involvement is supported by Wall Street.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Charles Schwab's stock has rebounded with a 12% rise and analysts maintain an optimistic outlook for further gains next year.
Stock rebounds accompanied by positive analyst outlooks can lead to continued investor interest and potential further gains in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Uber's addition to the S&P 500 reflects its recent profitability and significant market cap, likely attracting more investor interest.
Inclusion in the S&P 500 often leads to increased demand for a stock as index funds and ETFs that track the S&P 500 are required to purchase the stock, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90