Friday's close: Nasdaq +1%. Analysts make daily stock picks but their accuracy varies. Benzinga's API provides top picks from most accurate analysts.
Five top-rated Wall Street analysts (89-86% accuracy) confirm Buy on Apple (+$350 target), Qualcomm, Arm, Amphenol and Monolithic Power Systems with 14-83% upside range. Toggle.ai validation shows these picks systematically outperform, providing CTO and fund managers data-driven signals for chip and AI portfolio decisions.
U.S. stocks settled higher on Friday, with the Nasdaq Composite gaining 1% during the session following a sharp rise in Amazon.com Inc (NASDAQ:AMZN) shares.
The S&P 500 fell 0.1%, while the Nasdaq dipped 3.2% in July.
However, the Dow gained 0.3% during the period, recording its fourth straight positive month.
Wall Street analysts make new stock picks on a daily basis.
Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements.
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Major U.S. indexes closed higher on Friday, with the Dow Jones Industrial Average climbing 1.19% to 52,208.06.
Major U.S. indices ended Thursday on a mixed note, with the Dow Jones Industrial Average gaining 0.14% to 51,920.62
