Intel (INTC) – A play on a potential bottoming in the semiconductor industry during the first half of 2023. Analysts at Wells Fargo Tuesday morning suggested the downturn in the industry is likely to deepen for the near term but start recovering during the second half of 2023.
CVS Health (CVS) – A report Monday suggested CVS could be interested in acquiring Oak Street Health (OSH). Shares of Oak Street were up about 33% on the report.
Norwegian Cruise Line (NCLH) – A play on a continued unfavorable outlook for the cruise industry. Analysts at Morgan Stanley Tuesday morning downgraded shares of Norwegian Cruise to the firm’s equivalent of a sell rating.
lululemon athletica (LULU) – Analysts at Raymond James Tuesday morning added shares of lululemon to the firm’s favorite picks list. The analysts said lululemon’s “…pre-announcement-driven sell-off as an opportunity to own one of the highest quality companies among global brands.”
American Lithium (AMLI) – A play on a new Canada-based lithium company. Shares were uplisted from the OTC exchange as of Tuesday morning.