Consumer Staples and Discretionary lead the charge with 3 mega-cap stocks (MCD, PG, WMT) recently rated strong buy by analysts on Wednesday. Enterprise software also gains significant momentum with key upgrades for ACN and WDAY on Tuesday. Aggressive price targets for CDNS suggest continued upside potential. However, downgrades for CSCO and IBM signal caution regarding legacy technology and hardware valuations.
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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.