Here's What Trip Chowdhry Likes After The Market Selloff

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Trip Chowdhry of Global Equities Research answered the top question on many investors' minds right now: What are the best companies to invest in with a 12 to 18 month time horizon? Chowdhry answered with several of his top picks which consists of:
Apple Inc.AAPL
,
Facebook IncFB
,
Microsoft CorporationMSFTOracle CorporationORCL
and
Tesla Motors IncTSLA
.
Why Apple?
According to Chowdhry, Apple's "innovation velocity" is so vast that it "far exceeds" any other technology company. In fact, the company has a "winning recipe" which consists of more developers creating apps on more applications which translates to more devices sold and more revenue. He summarized that Apple is a "multi-year, multi-product, multi-geography growth company." Shares remain Overweight rated with an unchanged $155 price target.
Why Facebook?
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Chowdhry stated that Facebook faces a quarter of uncertainty as it changed the way it counts clicks as only a click on an ad (as opposed to a ‘like') is now counted. As such, this represents a "near-term" problem. However, the analyst pointed out that Facebook is set to roll out new ad formats (including videos) in addition to Instagram monetization that is expected to offset the decline in Facebook Desktop monetization. Shares remain Overweight rated with an unchanged $95 price target.
Why Tesla?
Chowdhry pointed out that large auto-makers such as Audi, BMW,
General Motors CompanyGM
and
Toyota Motor Corp (ADR)TM
are all scrambling to come out with a "Tesla Killer." He added that "probably none of these companies will be successful." Chowdhry also reiterated that Tesla is "fast becoming" a multi-product, multi-geography and multi-revenue technology company. Shares remain Overweight rated with an unchanged $385 price target.
Why Microsoft And Oracle?
Finally, Chowdhry stated that he will provide a full investment thesis on Microsoft and Oracle over the coming weeks, but in the meantime he wanted to state that the companies are "extremely well positioned" to capitalize on the ongoing shift within the $200 billion-plus business opportunity in the "Data Fabric Elastic Cloud" space over the next few years. Shares of Microsoft and Oracle are both Overweight rated with a similar $50 price target.
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Posted In: Analyst ColorAnalyst RatingscloudFacebook MonetizationGlobal Equities ResearchInstagramTesla KillerTrip Chowdhry
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