Investors looking to reposition their portfolios for 2023 may want to consider making bets on this assortment of stocks, according to Baird. Wall Street suffered a difficult 2022 as technology and growth-focused stocks tumbled against a backdrop of rising rates, rapid inflation and fears of a looming recession. Expect those issues to persist in the new year, but some names are better positioned to ride out the headwinds.
"TSLA still has many demand levers to pull including more vehicle leasing and free charging across its network, among others," the analyst wrote. Another top stock contender for 2023 is beaten-up chip maker Advanced Micro Devices. Semiconductor stocks were among the worst performers in the Nasdaq this year as they grappled with overhanging supply constraints and a slowdown in demand for consumer products like PCs.
Source: News Formal (newsformal.com)
Last year's meme stocks. Will he recommend gamestop too
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