Oppenheimer Says These 2 Stocks Could Surge Over 50% From Current Levels

When it comes to the market’s wild swings, is the glass half empty or half full? Oppenheimer’s chief investment strategist John Stoltzfus is taking the latter view.

Despite the volatility that has ruled the market this year, Stoltzfus describes a situation that nevertheless still brings high potential for investors willing to shoulder the risk. He writes: “While conditions are likely to remain somewhat unstable near term we’d expect investable opportunities to surface whenever ‘babies are thrown out with the bath water.’”

Stoltzfus notes a market environment facing multiple headwinds, frequently shifting crosswise to each other, making it difficult for investors to locate and follow the main path. On the positive side, however, the strategist believes that the Federal Reserve will likely play a calming role, and not just to due to its anti-inflationary policy switch.

“Federal Reserve hike cycles are never easy to navigate but the Bernanke legacy created a highly sensitive and communicative Fed, which could prove helpful… A Fed that can pivot and ‘pump the brakes’ rather than ‘slam on the brakes’ is a good thing in our view,” Stoltzfus added.

Turning Stoltzfus’ outlook into tangible recommendations, Oppenheimer 5-star analysts are pounding the table on two stocks, with these pros seeing over 50% upside potential in store. Using TipRanks’ database, we learned that the rest of the Street is in agreement, as both boast a “Strong Buy” analyst consensus.

QualTek Services (QTEK)

The telecom world is roiling as 5G is rolling out. The new tech promises a series of advantages, including faster download speeds and lower latency, but it also offers plenty of challengers to providers. 5G will require new wired and wireless networks, new towers and hardware, new power linkages. This is where QualTek steps in. The company offers turnkey solutions to the infrastructure issues that the 5G rollout is facing, in networking, in telecom, and in renewable energy.

Story continues

The company has been in the wireless solution infrastructure business since…

..

Read More

Recommended For You

Leave a Reply