g class="alignleft" src="https://www.marketbeat.com/logos/articles/small_Depositphotos_10618515_s-2019.jpg" alt="The Top 3 Stocks to Buy for August" width="660" height="440" />Now that most of the mega-cap technology names have reported their earnings, many investors are trying to determine what’s next for the market. Will we see money rotate out of FAANG stocks and into some of the beaten-up value and cyclical names? Are we going to see some volatility given that most of the strongest earnings reports have been sold? Only time will tell, but it certainly makes sense for investors to start putting together a shopping list of quality names to add in August to stay ready for any of the scenarios to come.
Before you consider Steel Dynamics, 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 Steel Dynamics wasn't on the list.
While Steel Dynamics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.