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There may be more upside to Dutch Bros in 2023 investors expect, according to Wedbush. Analyst Nick Setyan upgraded shares of the drive-thru coffee franchise to outperform from neutral. "We view BROS' current valuation as an overly pessimistic assessment of its medium- and long-term annual growth algorithm," Setyan added. Setyan also thinks that Dutch Bros' strong rewards program will also help drive revenue. Shares of Dutch Bros were up 3.8% Wednesday morning following the upgrade.

UnitedHealth shares are well-positioned to have a strong 2023, according to Raymond James. Analyst John Ransom upgraded shares of UnitedHealth to strong buy from outperform. UnitedHealth shares are down 7% in 2023, lagging the S & P 500's 6.8% advance. UNH YTD mountain UNH in 2023 Ransom said that many of the policy overhangs on UnitedHealth, which accounted for his previous downgrade in December, are now past the company. Raymond James sees these measures as "a win for the industry as it buffers the initial impact and buys time for behavior changes.

First Citizens Bancshares ' acquisition of Silicon Valley Bank should result in a higher-quality earnings stream, according to UBS. Analyst Brody Preston double upgraded shares to buy from sell. The U.S. Federal Deposit Insurance Corporation announced March 27 that First Citizens would buy Silicon Valley Bank's deposits and loans less than three weeks after the collapse of the venture-capital focused bank . "We view the balance sheet as more well positioned to handle a recession going forward given the low loss nature of the SIVB loan portfolio, which should result in a higher quality earnings stream," Preston wrote in a Wednesday note. FCNCA YTD mountain First Citizens Bancshares stock —CNBC's Michael Bloom contributed to this report.

JPMorgan refreshed its list of top stock picks heading into April, including a bank stock that's had a rocky start to the year. To kick off the month of April, JPMorgan added two new names to its focus list: VICI Properties and Regions Financial. The other new name on the list, Regions Financial , has declined 15% in 2023. GM shares are up 6.2% in 2023. JPMorgan removed two names from its list: Intellia Therapeutics and Jones Lang LaSalle .

Etsy — The e-commerce company's shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. Virgin Orbit — The satellite launch company sank 14% in the premarket after filing for Chapter 11 bankruptcy protection. Tesla — Shares of the electric vehicle maker ticked up nearly 1% in premarket trading. Tesla stock declined 6.1% a day earlier, with investors seemingly responding to the company's vehicle delivery report from the weekend. The media company's shares have jumped 7.8% year to date.

Investors may want to look somewhere other than tech for safety, according to Morgan Stanley's Mike Wilson. Tech is the best-performing sector this year, up more than 20% and outpacing the S & P 500 's 7% advance. Recently, tech stocks got a boost after bond yields fell amidst volatility in the banking sector. Morgan Stanley looked for defensive stocks to own in a bear market. His 2023 S & P 500 target of 3,900 is also the third-lowest in CNBC Pro's Market Strategist Survey.

Michael M. Santiago | Getty ImagesThere's one group of people that's being disproportionality hurt by high inflation: women. First, a jump in child care prices has started to pressure women out of the workforce. Child care inflation, which has increased 214% from 1990 to 2022, has outpaced average family income gains, which have risen 143%. Surprisingly, over 50% of parents spend over 20% of their income on child care in the US." Women and minorities are underrepresented in higher-wage industries, such as technology or finance, that are more insulated from inflation pressures, Gosai noted.

Wolfe Research warned investors to avoid these low-quality stocks that could blow up. Using fourth-quarter corporate results, Wolfe Research identified potentially underperforming stocks using its earnings quality score, which considers several variables including sentiment, valuation metrics and various financial ratios. From this group, Wolfe Research found the names in the bottom 10% of its earnings quality score. Wolfe Research also identified names with high short interest relative to the company's sector. Wolfe also found the company has the lowest earnings quality score of all energy stocks tracked at just 2.

Solar-solutions company Nextracker is a market leader in both technology and share, according to Bank of America. Analyst Julien Dumoulin-Smith upgraded Nextracker to buy from neutral. Dumoulin-Smith also raised his price target for the company's shares to $40 from $36, implying 23% upside from Tuesday's close price. He raised his estimates as he anticipates Nextracker receiving credits from the Inflation Reduction Act. NXT 3M mountain Nextracker stock More specifically, Dumoulin-Smith said that Nextracker is on track for an upward trajectory in 2023 as project deliveries accelerate.

Lululemon is "checking all the right boxes," according to Citi, with "all systems ready to go" for accelerated growth in 2023. Citi raised its rating on Lululemon shares to buy from neutral, after the company topped fiscal fourth-quarter estimates and offered an upbeat forecast for the coming year. "Inventory-to-sales gap [was] better than expected," Lejuez said, with a "pathway to further improvement (with limited markdown pressure)." Citi increased its price target on Lululemon shares to $440 from $350, implying 37.4% upside from Tuesday's closing price. Lululemon shares jumped more than 15% on Wednesday.

The firm has a price target of $65, which implies 9.6% from the stock's closing price on Tuesday. Meanwhile, JPMorgan said that it is "starting to see some light at the end of the tunnel" for Micron as inventory levels begin to improve. The firm has a price target of $75, implying 26.5% upside from Tuesday's close price. His price target of $46 implies shares falling by almost a third from their closing price on Tuesday. Micron shares have rallied more than 18% in 2023, but have tumbled 27.7% over the last 12 months.

It's time to buy Marathon Petroleum , according to Goldman Sachs. Marathon Petroleum was previously its top pick within the refining oil segment from 2018 to 2022, but was "prematurely" downgraded to neutral, Goldman said. Analyst Neil Mehta upgraded the stock again, saying that he still sees momentum for the stock's return of capital and execution. Marathon Petroleum shares were up more than 1% following the upgrade. MPC 1D mountain Marathon Petroleum shares —CNBC's Michael Bloom contributed to this report.

UBS is bearish on Foot Locker , saying that the shoe retailer is unlikely to drive revenue growth in a recession. Sole said he does not believe "enough bad news is priced in" for Foot Locker and several other softline stocks. UBS said Foot Locker also faces more challenges to growth as Nike — which currently accounts for 70% of Foot Locker's sales — grows its direct-to-consumer businesses. UBS' downgrade comes after Foot Locker issued a mixed fourth-quarter report. Foot Locker shares were down 2.6% during premarket trading on Wednesday.

While Alibaba announced it would split its company as a move "designed to unlock shareholder value and foster market competitiveness," " Fast Money " traders aren't so sure about buying the stock. The Chinese tech giant announced Tuesday it would divide its company into six business groups. BABA 1D mountain Alibaba stock However, a couple of the "Fast Money" traders are hesitant as to whether the stock is now a good play. This is a wait-and-see moment," said Tim Seymour, founder and chief investment officer of Seymour Asset Management. She said that while sentiments with Chinese tech companies could potentially have bottomed out, she is unsure how the split will be executed.

Dividend stocks may be the way to go for investors as a recession becomes more likely, according to UBS. Dividend stocks on average outperformed the market by 4.5% during the 2001, 2008 and 2020 recessions, the bank said. "Dividend stocks can provide a margin of safety during uncertain times." Given this backdrop, UBS highlighted a slew of dividend stocks with big upsides, based on the bank's price targets. Analysts also forecast three-year dividend growth that's at least in the mid-single digits, in addition to sustainable payout ratios.

As the likelihood of a hard landing this year rises, Barclays says investors should seek quality stocks that are not overly expensive. Large-cap tech stocks have been outperforming the market in 2023, with the S & P 500's tech sector up more than 16%. "Rather than chasing yet another crowded trade that is vulnerable to the next unwind, we recommend seeking safe haven among quality stocks at less demanding valuations," Krishna wrote in a report on Monday. With the growing market uncertainty in mind, Barclays recommended a basket of quality stocks trading at lower valuations as a way to position for the growing risk of an economic downturn this year. Several tech stocks made the list, including Microsoft and Accenture .

The Federal Reserve's reluctance to cut interest rates this year is a mistake, according to Wharton School professor Jeremy Siegel. Fed Chair Jerome Powell announced during his press conference Wednesday that despite tightening lending conditions from the banking sector crisis, "rate cuts are not in our base case." He added that Fed policy has been "overkill" on inflation. "I'm just wondering — oh my God, [Powell's] not even thinking about lowering interest rates given what I think the economy is facing under the Fed policy? However, Siegel believes that inflation is "absolutely under control," with the economy currently facing a supply-side issue, not an excess of demand.

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