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Artificial intelligence may be the answer to a slowing economy, according to Raymond James. The Wall Street firm said AI is potentially the next "productivity catalyst" for a lackluster macro backdrop and outlined its favorite stocks to play the trend. These are some of the AI-focused names Raymond James recommends betting on: Perhaps unsuprisingly, Microsoft made the list. Raymond James also highlighted data infrastructure stocks powering AI platforms as another growth-driver for businesses such as Arista Networks . Other top AI picks from Raymond James include Salesforce , Alphabet and American Tower Corporation .
Persons: Raymond James ., commercializes, Frank Louthan, Raymond James, Wall, NVDA, Louthan, — CNBC's Michael Bloom Organizations: Microsoft, Nvidia, Arista Networks, Wall Street, Tower Corporation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaymond James: Telecom stock fundamentals suggest the recent selloff is overblownFrank Louthan, Managing Director at Raymond James, discusses why the communication services sector is the S&P laggard so far this month.
Persons: Raymond James, Frank Louthan Organizations: Telecom
AT & T 's prospects keep getting better, according to Raymond James. Analyst Frank G. Louthan upgraded shares of AT & T to strong buy from outperform, saying the telecommunications company's return to its core business has improved the stock. "We believe this stronger rating is appropriate given AT & T's simpler story is starting to show up in the numbers," Louthan wrote in a Monday note. "We continue to believe a more focused vision along a simpler line of business creates a solid scenario for share price appreciation, and a solid, total return." Louthan said expectations of an economic downturn has already been built into the telecommunications stocks.
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