5 Buy-rated stocks by Oppenheimer

Oppenheimer analysts provided some “color for Fundamental focus calls” to five buy-rated stocks in an uptrend.

These are stocks discussed on a research call by Oppenheimer’s fundamental analysts.

Goldman Sachs Group (GS)

The stock has corrected its path towards a support range of $502 around the 50-day average and down to $490 around the 100-day average, analysts wrote.

“We view this pullback as a near-term opportunity to buy long-term strength.”

In addition, the strong capital markets (KCE) industry is a tailwind for the stock.

SAP SE (SAP)

The stock has “one of the strongest trends” within the software (XSW), (ARKW), (IGPT) industry.

Clearwater Analytics Holdings (CWAN)

Here, analysts see pre-breakout potential below the stock’s $28 resistance (from the October 2021 peak).

However, “it will be important for the stock to uphold $25 support,” analysts said.

Toll Brothers (TOL)

The stock has a bullish trend and a high-momentum score. A strong homebuilder (XHB), (SPSIHO) industry is a tailwind for the stock.

Equinix (EQIX)

The stock is trying to reclaim its 200-day average vs. the S&P 500 (SP500), analysts said.

“For now, trading action is positive above $870 support (50-day average) and we’re closely watching the stock’s imminent test of $915 resistance (March peak).”