Mega-cap Technology leads the charge with 3 stocks (AAPL, AMZN, MSFT) recently rated strong buy as of Tuesday. Consumer Staples also show strength with upgrades for COST and WMT. Average target upside of 18% suggests sustained momentum into the quarter. However, rising valuation multiples in software provide a contrarian signal for value-oriented investors seeking safety.
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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.