This group of stocks is a perfect way to play this fraught market, says Wells Fargo

This group of stocks is a perfect way to play this fraught market, says Wells Fargo

Turn to utilities as a way to play the artificial intelligence trend while protecting against the rising geopolitical risks that are shaking the market, Wells Fargo analysts said. Utility stocks, including American Water Works and Exelon , could serve as strong defensive plays as the U.S.-Iran conflict stirs up market volatility, the bank’s analysts said…

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We’re raising our Costco price target after a good but not great quarter. Here’s why

We’re raising our Costco price target after a good but not great quarter. Here’s why

Costco Wholesale reported solid quarterly results on Thursday, slightly beating analyst forecasts on the key lines. While we would have preferred to see stabilized renewal rates in its key region, the retailer’s consistently strong sales momentum can’t be ignored. Total revenue in its fiscal 2026 second quarter increased 9.2% year over year to $69.6 billion,…

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