Barron’s Weekend Stock Picks Telefonaktiebolaget L M (NASDAQ:ERIC), BP (NYSE:BP) & Top Stock Recommendations For 2024

By: Alex Freidmen

Benzinga delves into this weekend’s noteworthy stories featured in Barron’s. Here are the articles that could shape investor perspectives.

Andrew Bary, in his piece “BP Stock Has Been Ignored for Too Long. It’s Time to Buy,” emphasizes that BP plc BP aims to increase U.S. oil production by 50% by 2030, potentially offering value to investors.

Eric J. Savitz’s report “Nokia and Ericsson Stocks Slump on Analyst Warning” shares Barclays’ downgrade of Nokia NOK and Ericsson ERIC while cautioning about a 5G revenue slowdown, prompting investors to consider alternative options in the sector.

Tae Kim’s article “Texas Instruments Stock Rises as Analyst Predicts Higher Chip Orders” highlights UBS’s upgrade of Texas Instruments Inc TXN to a “Buy,” foreseeing a resurgence in semiconductor demand as lead times stabilize.

Emily Dattilo, in her feature “Super Micro Computer Stock Jumps 30%. Why It’s on Track for a Record High,” notes that Super Micro Computer Inc‘s SMCI stock surged over 30% to $410.82 after the company raised its Q2 guidance on strong demand.

In the article “Nvidia Is No Longer Citigroup’s Top Specialty Chip Stock. Here’s What Is,” Kim and Angela Palumbo highlight that Marvell Technology Inc MRVL has overtaken Nvidia Corp NVDA as Citigroup‘s top semiconductor pick for 2024. 

For more compelling reads, don’t miss: Economist Christophe Barraud Predicts Surprising US Economic Resilience In 2024

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock


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