- Microsoft and Alphabet have moved up among our Top Buys even after significant gains, after Q1 results led us to raise our forecasts.
- Tobacco stocks had a mixed month after rumours of new FDA proposals; we are Buy-rated on 4 names, with Philip Morris the most preferred.
- PayPal is now #11 in our Top Buys, with a potential high-teens annualized return if management achieves its 2025 targets.
- In U.S. Banks, we have raised our estimates for Bank of America but downgraded our rating on JPMorgan to Neutral.
- Overall, April was a good month for our Buy-rated stocks, with 28 out of 33 gaining. Two stocks highlighted last month gained 10% or more.
For further details see:
Librarian Capital's Monthly Top Buys And Price Moves - May 2021