At the same time, Wall Street analysts continue to focus on picking individual stocks that can thrive even in the face of short-term pressures and deliver attractive, long-term returns.
Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
Burlington StoresOff-price retailer Burlington Stores (BURL) is this week's first pick.
Tarlowe noted that the expansion in Burlington Stores' gross and operating margins helped drive better-than-expected earnings in the first quarter.
(See Burlington Stores Stock Charts on TipRanks)AmazonE-commerce and cloud computing company Amazon (AMZN) is also a top pick.
Persons:
Jefferies, Corey Tarlowe, BURL, Tarlowe, TipRanks, Ivan Feinseth, there's PagerDuty, Matthew Hedberg, Hedberg
Organizations:
Burlington Stores Inc, Federal Reserve, Wall Street, Burlington, Burlington Stores, Amazon Web Services, AWS, RBC Capital, Department of Veteran Affairs
Locations:
Burlington, New York, U.S, Jersey, billings .