Analysts are sticking by these buy rated stocks even in a trade war
's earnings report on Wednesday for any signs of the trade war effect on the Chinese e-commerce giant.
"Long term we view BABA as a winner considering 1) its dominance of the Chinese ecom. mkt and the insatiable appetite for China's growing middle class, 2) it's a 25%+ compounder over the next 5 yrs , and 3) its portfolio of strategic invests," he added.has also been hit hard by the ongoing trade uncertainty, but Wedbush analysts say things might not be as bad as they appear.
, provides cloud services for remote control home monitoring services and has an outperform rating at the firm."ALRM highlighted on its most recent earnings call that higher tariffs have modestly impacted hardware sales," analyst Kevin McVeigh said.Here are other buy-rated stocks analysts are sticking by in the trade war:"We maintain a Buy/$200 PT going into F4Q19 earnings due out Wed. 5/15 BMO.
"Near-Term Weather & Tariff Overhangs Present Opportunity To Lean In...That said, shares are -5% in the past week , and we believe weather-driven concerns and renewed tariff fears present a buying opportunity, as compares ease gradually for the remainder of the year, consumer/housing metrics appear stable, tariffs manageable and we expect self-help initiatives to drive improving results.
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