U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 500 points during the session after recording losses for four straight days, as crude oil retreated from above $100 a barrel.
All three major indices had recorded losses for four consecutive sessions, with the Dow notching its longest daily losing streak since late April. The Dow dropped 1.6%, while the S&P 500 lost 0.8%. The Nasdaq also declined around 0.7% last week.
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. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.
Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga’s extensive database of analyst ratings is by analyst accuracy. Here’s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Sergey Glinyanov
Analyst: Garbiel Moreen
Analyst: Michael Lasser
Analyst: Karl Keirstead
Analyst: Andrew Percoco
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