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Wedbush Securities published an update to its "Best Ideas List," which features the firm's top stock picks for the month of August.
The firm's analysts picked their favorite stocks across the industries they cover, including software, technology, retail, and financial services, among other sectors.
Here are 16 stocks poised to outperform the market in August, according to Wedbush.
Wedbush Securities recently released an update to its "Best Ideas List," which features a collection of the firm's top stock picks for the month of August.
Wedbush analysts selected their favorite stocks within their coverage areas, and the list features companies across the software, technology, retail, and financial-services industries.
Each pick is accompanied by a price target from the firm's analysts, and Markets Insider calculated an implied upside using that data. That represents the potential return from the current share prices to the forecasted price targets in the report.
Here are 16 companies that could dominate the market in August, according to Wedbush. They're listed in increasing order of expected upside from current levels.
FILE - In this photo taken Tuesday, Oct. 30, 2018, Salesforce CEO Marc Benioff speaks at a luncheon in San Francisco. Salesforce CEO Marc Benioff and his wife Lynne are donating $30 million to UCSF to research the causes and potential solutions for homelessness. The five-year initiative housed at the University of California, San Francisco will conduct academic research into homelessness and train future researchers in the field. (AP Photo/Eric Risberg, File)
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