Here Are the Stocks Wall Street Was Talking About
Apple shares have seen intense selling pressure since hitting $705 in September as investors fret about its gross margin and the long-term growth opportunities in the smartphone market.
But Mike Walkley, an analyst at Canaccord Genuity, told CNBC there are still growth opportunities for the iPhone even as it faces competition from competitors running Google's Android operating system.
Walkley has a "buy" rating on the stock and a $700 price target.
While shares of Apple have been falling, investors have been more enthusiastic about Research In Motion's stock ahead of the launch of the BlackBerry 10.
Peter Misek, who rates the company a "hold," noted that wireless carriers around the world were planning to push the new BlackBerry device. If the device is a success, Misek said he believes it could make RIMM a takeover target, with Microsoft and Samsung potential acquirers.
Wall Street has been getting more bullish on the banks. This week well-known analyst Meredith Whitney upgraded Bank of America, Citigroup, and Discover Financial. She noted that the Federal Reserve could let Bank of America quadruple its dividend in March.
Jason Goldberg, an analyst at Barclays Capital, is also anticipating more banks to return capital to shareholders next year. "We expect more banks to raise dividends and more banks to buy back stock," he told CNBC, with the vast majority of the 20 stocks he covers likely to boost dividends.
Goldberg has an "equal weight" rating on Bank of America, however.
As Obamacare is implemented, dialysis services provider DaVita could be a winner in the health-care sector, Nomura Securities' Martin Brunninger told CNBC. The company has diversified away from just providing dialysis services to focus on saving managed dollars for a broader group of patients, he said, noting "That is the future."
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