S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
In 20 years, this little-known trader didn’t have a single losing year… (Ad)
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears

Stock Market: 3 Islands Of Strength In A Sea Of Red

Stock Market: 3 Islands Of Strength In A Sea Of RedThere is a very great chance the S&P 500 (NYSEARCA: SPY) could fall another 25% or more but the news is not bad for all stocks. The hurricane predicted by Jamie Dimon is upon us, some others say the economy is broken, and yet there are sectors, industries, and individual stocks that are still seeing positive activity from the analysts. Those are stocks investors should be paying attention to because names like FedEx (NYSE: FDX), which just reported a big miss while predicting a global recession, are seeing a massive round of downgrades and moving lower. 

Morgan Stanley Likes Miners 

Morgan Stanley (NYSE: MS) just issued a sweeping change to its mining outlook by upgrading a number of names in the group. The firm upgraded Alcoa (NYSE: AA), Teck Resources (NYSE: TECK), and Nexa Resources (NYSE: NEXA) to Overweight and Southern Copper Corporation (NYSE: SCCO) to Equal Weight while upping the price targets for most. The analyst says the group is offering a value and comes with the prospect of earnings strength as well. "We are selectively turning more positive on mining equities as most stocks in our coverage trade at increasingly attractive stock valuations," wrote Carlos de Alba in his report.

And this activity is not limited to Morgan Stanley, either. The targets for all the stocks in the group are down on a YOY basis but the sentiments and price targets are firming. The stock with the lowest consensus target as indicated by Marketbeat.com data is Southern Copper Corporation at 13% but Morgan Stanley sees 17% of upside and all of its new targets are indicating a double-digit upside. Alcoa and Nexa Resources are both tapped for 85% gains per the consensus figures while Tech should see at least 40%. 


The Sentiment Firms For Darden Restaurants 

Darden Restaurants, Inc (NYSE: DRI) is slated to report earnings next week and is getting upgraded ahead of the news. The latest channel checks from Baird have restaurant sales up 6% in the first week of September and trending in the +18% to 20% range in the 3-year stack which bodes well for this operator. The company’s chains are not only well known but well loved and command significant portions of a market that has seen competition evaporate over the past two years. The company has received at least four commentaries this month alone including 3 boosted targets and 1 initiated coverage at Outperform with a price target above the broad Marketbeat.com consensus estimate which is projecting about 10% of upside for the stock. 

Darden Restaurants also offers an interesting dividend as well. The stock is paying about 3.70% with shares trading near $128 and there is a positive outlook for distribution growth as well. The payout ratio is a little high near 60% but the outlook for sustainability is positive and should support additional increases if not at the recent 15% CAGR the company has been running. 

Three Islands Of Strength In A Sea Of Red

Cowen Calls Out Shoals Technology Group

Shoals Technology (NASDAQ: SHLS) just got an upgrade from Cowen to Outperform that came with a price target roughly 50% above the current consensus estimate. The consensus is projecting about 12% of upside but has been firming over the past few months along with the sentiment which indicates a firm Hold verging on Buy at this time. The latest news from the green energy sector is the tax-and-climate bill is supportive of the industry and the rise in energy prices certainly helps as well.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
SPDR S&P 500 ETF Trust (SPY)N/A$357.18-1.5%1.73%N/AHoldN/A
FedEx (FDX)
3.5463 of 5 stars
$148.47-2.5%3.10%10.97Moderate Buy$215.50
Alcoa (AA)
2.5403 of 5 stars
$33.66-5.0%1.19%6.61Hold$78.55
Teck Resources (TECK)
2.7187 of 5 stars
$30.41-0.8%1.25%3.78Moderate Buy$52.47
Nexa Resources (NEXA)
2.9843 of 5 stars
$5.16+4.0%6.40%4.41Buy$9.80
Southern Copper (SCCO)
1.5755 of 5 stars
$44.84+0.1%6.69%11.86Hold$53.17
Shoals Technologies Group (SHLS)
2.5126 of 5 stars
$21.55+1.9%N/A538.88Hold$28.86
Darden Restaurants (DRI)
3.1864 of 5 stars
$126.32-2.3%3.83%17.52Moderate Buy$143.43
Compare These Stocks  Add These Stocks to My Watchlist 

Should you invest $1,000 in Darden Restaurants right now?

Before you consider Darden Restaurants, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Darden Restaurants wasn't on the list.

While Darden Restaurants currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Thomas Hughes

About Thomas Hughes

Contributing Author: Technical and Fundamental Analysis

Thomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.
Contact Thomas Hughes via email at tmhughes.writeon@gmail.com.
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