Technology leads the charge with 3 stocks (MSFT, AMZN, NVDA) recently rated strong buy this Tuesday. Retail giants also gain traction following Monday upgrades to WMT and COST. Average target upside of 18% suggests bullish momentum for mega-caps continues into mid-August. However, rising valuation multiples in software suggest potential consolidation risk despite the current wave of positive revisions.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.