Investors just can’t seem to find a trough in this bear market, and are struggling to hold on to any optimism amid growing concerns of a possible recession.
However, the key to surviving a bear market successfully is to calmly wait for the market to recover, meanwhile taking advantage of the current discounts on the right stocks.
It makes sense now more than ever to closely follow what top Wall Street analysts are saying about stocks. Here are five stocks chosen by the some of the finest analysts on Wall Street as per TipRanks, which ranks analysts according to performance.
Nio
Electric vehicle (EV) maker Nio (NIO) is suffering from the repercussions of the general weakness in consumer buying trends (in response to the inflation); and this weakness is expected to remain an overhang at least for the rest of this year.
Moreover, the lockdown in China due to resurgence of COVID-19 has been a woe till now, but with the easing of the restrictions, Nio is expected to see a boost in growth. (See Nio Hedge Fund Trading Activity on TipRanks).
