The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic.
Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover.
In this unprecedented time, it makes sense to follow the stock picks of analysts with a proven track record of success. We used TipRanks analyst forecasting service to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst.
Here are the best-performing analysts’ six favorite stocks right now:
Qualcomm has just posted strong third-quarter fiscal 2020 results with revenue of $4.9 billion and earnings per share of $0.86, on a non-GAAP basis, easily beating consensus estimates….