The market volatility in recent weeks is enough to make even the most experienced investors worried, particularly as they contend with the omicron Covid variant and the prospect of tighter monetary policy from the Federal Reserve.
Wall Street’s top analysts are looking past the short-term tumult. These five stocks are potential long-term winners, according to TipRanks, which tracks the best-performing stock pickers.
While the semiconductor sector has been benefitting greatly from the shift toward data centers and a digital economy, Marvell Technology (MRVL) is poised to capitalize. The semiconductor developer recently smashed its quarterly earnings, and analysts have taken a more bullish stance on its multi-year outlook. (See Marvell Risk Factors on TipRanks)
Hans Mosesmann of Rosenblatt Securities published an upbeat report on the stock, noting that the firm saw sales growth over 30%, as well as a beat and raise on its guidance. Further, Marvell has mitigated supply chain impacts thus far.