5 Oppenheimer’s Fundamental Focus Calls

Oppenheimer analysts published some “color” for stocks discussed in their research.

The list is ranked by rating and market cap. MO scores 1-3 (with 1 being the top score) are based on the stock’s six-, nine-, and 12-month risk-adjusted return with the last month removed.

• Carlisle Companies Inc. (NYSE:CSL) – buy-rated; trend description: uptrend; MO score: 1. Analysts recommend it based on “its bullish trend, high-momentum score, and portfolio tailwinds from a relatively strong capital goods industry.”
• Mueller Water Products, Inc. (NYSE:MWA) – buy-rated; trend description: uptrend; MO score: 2. Analysts see it as an “attractive pre-breakout candidate below $16.60 resistance,” and said it is important to uphold its $15.70 support (50-day average).”
• A. O. Smith Corp. (AOS) – buy-rated; trend description: pullback in an uptrend; MO score: 2. The stock, analysts said, is in “the near-term penalty box” below its $86 resistance, but they see positive above $77 support.
• Sweetgreen, Inc. (SG) – buy-rated; trend description: uptrend; MO score: 1. The stock continues to rate positively, and analysts see a $20 support and a $26 resistance.
• Ulta Beauty, Inc. (ULTA) – hold-rated; trend description: reversing lower/range; MO score: 3. Analysts see the stock’s broken trend dropping towards a $373 support, likely limited to $454 resistance.