The 5 Stocks Wall Street Is Most Confident On This Week
It's been an absolutely wild week in the markets.
But all this volatility doesn't mean there isn't any confidence in U.S. equities. There is some positive sentiment to be found, you just have to know where to look.
Here are five stocks that the Street was most confident on this week according to Stockal. Stockal's confidence meter is based on analyst ratings, news and social sentiment.
Golar LNG Limited (USA) (NASDAQ: GLNG)
Confidence Meter at 100 percent: Golar LNG announced that it would get into a joint venture with Stonepeak Energy Partners in order to invest in new power projects.
Lipocine Inc (NASDAQ: LPCN)
Confidence Meter at 100 percent: Liocine spiked notably on Tuesday after a low of $6.41, and is expected to have a strong upside. It spent Friday trading above $6.75 support.
Lifelock Inc (NYSE: LOCK)
Confidence Meter at 100 percent: Needham recently updated its rating on the stock and raised its price target to $18, which is more than its 52-week high and suggests the stock may be forming new highs soon. At time of publication, Lifelock had almost entirely recovered from the Brexit-induced selloff.
Medgenics Inc (NYSE: MDGN)
Confidence Meter at 98 percent: Medgenics is up 71 percent over the last four months after falling 70 percent the previous five. Currently, most analysts believe it’s a good time to enter into a long position with Medgenics.
Autobytel Inc. (NASDAQ: ABTL)
Confidence meter at 98 percent: Analysts have been positive about the stock despite a guidance release that was slightly below expectations.
Latest Ratings for ABTL
|Oct 2016||Barrington Research||Maintains||Outperform|
|Mar 2016||Ascendiant Capital||Maintains||Buy|
|Jul 2015||Barrington Research||Initiates Coverage on||Outperform|
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