Sunday, August 8, 2021

Upgraded Stocks to Buy in August

To start everyone's week off on what is supposed to be a very hot week, I thought I'd offer the latest list of hot stocks for August as given this week by U.S. News Invested.  There are only a couple names here that I recognize ... and that may be a good thing.  Hope everyone had a great weekend.  And try to stay cool until Friday when this heat wave will supposedly break.  





August 5, 2021
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U.S. News & World Report

Invested

Advice, rankings and stock market news for investors.
Good morning, investors. General Motors finished yesterday's trading session as the worst-performing stock in the S&P 500 after investors were left unimpressed by the automaker's recent quarterly report.
TODAY'S FEATURED STOCK STORY

9 Upgraded Stocks to Buy in August

Cell phone towers
After grinding higher once again in July, the S&P 500 is now up almost 20% year to date and more than 90% from its March 2020 lows.

But just because the market has already come so far doesn't mean investors have completely missed the boat on the rebound.

Many economists believe the U.S. is in the early innings of a multiyear expansion phase.

Analysts still see plenty of fresh buying opportunities in the market, even with the S&P 500 at all-time highs.

Here are nine stocks to buy that were recently upgraded by Bank of America:

1. F5 Networks Inc. (ticker: FFIV). The company specializes in application delivery networking products that manage internet traffic to both servers and network devices. Analyst Tal Liani upgraded F5 and says its fiscal third-quarter earnings beat coupled with upcoming contract renewals suggest growth upside in 2022.

2. Prelude Therapeutics Inc. (PRLD). Prelude is a clinical-stage oncology biotechnology company developing the PRT543 and PRT811 treatments, which are currently in phase 1 clinical trials. Analyst Tazeen Ahmad upgraded the stock and says Prelude's risk-reward balance skews to the upside.

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Upgraded stocks to buy in August:
  • F5 Networks Inc. (FFIV)
  • Prelude Therapeutics Inc. (PRLD)
  • Weyerhaeuser Co. (WY)
  • American Electric Power Co. Inc. (AEP)
  • The RealReal Inc. (REAL)
  • Western Midstream Partners LP (WES)
  • NOV Inc. (NOV)
  • Olin Corp. (OLN)
  • Greenbrier Cos. Inc. (GBX)

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