Wells Fargo's Tactical Longs and Shorts for Q2: Bullish on Amazon, Bearish on Tesla
The Wells Fargo equity team identified 14 high-conviction, catalyst-driven stock opportunities for the second quarter, including two Magnificent 7 names: Amazon and Tesla.
The list, updated each quarter, indicates where analysts "see significant Q2 24 catalysts that could drive meaningful upside or downside."
The list includes 10 Long (or Overweight) trades and 4 Short (or Underweight) trades:
$Amazon(AMZN.US$ , $Annexon(ANNX.US$ , $Aerovate(AVTE.US$ , $Citigroup(C.US$ , $Devon Energy(DVN.US$ , $Global-E Online(GLBE.US$ , $Insmed(INSM.US$ , $RTX Corp(RTX.US$ , $Starbucks(SBUX.US$ , $SITE Centers(SITC.US$ , $BILL Holdings(BILL.US$ , $Graphic Packaging(GPK.US$ , $Sirius XM(SIRI.US$ , $Tesla(TSLA.US$
Source: Seeking Alpha, Wells Fargo
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