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DA Davidson unveils elite Gold Trophy stock list, Deere, Axos mentioned

EditorEmilio Ghigini
Published 03/06/2024, 08:00 PM
Updated 03/06/2024, 08:00 PM
© Reuters.

On Wednesday, DA Davidson announced the introduction of its new Gold Trophy list, a selection of top stock ideas chosen from its Best-of-Breed Bison list. This elite subset is intended to represent the highest quality "buy list" within the firm's coverage. The Gold Trophy list is derived from sectors deemed to be undervalued, with the initial selection including three Financial and three Industrial companies.

The Best-of-Breed Bison list, known for its high-quality franchises that pass the firm's rigorous integrity process, spans four key vertical markets: Consumer, Industrial, Technology, and Financials. The Gold Trophy list, however, focuses on stocks from sectors that are not currently overheated in the market. The inaugural Gold Trophy list features six names: three from the Financial sector, specifically Regional Banks, and three from the Industrial sector, within the Machinery category.

The three Financial stocks selected for the Gold Trophy list are Glacier Bancorp (NYSE: NYSE:GBCI), Axos Financial (NYSE: NYSE:AX), and Cullen/Frost Bankers (NYSE: NYSE:CFR). These regional banks have been chosen for their attractive valuations and potential for growth. On the Industrial side, the chosen stocks are Deere & Co . (NYSE: NYSE:DE), Custom Truck One Source, Inc. (NYSE: CTOS), and Timken (NYSE: TKR), all operating within the machinery industry.

DA Davidson's STAMPEDE list, which includes covered names with upcoming events that could significantly impact their stock, remains separate from the Gold Trophy and Best-of-Breed Bison lists. The firm's new initiatives aim to provide investors with a range of options tailored to different investment strategies and market conditions.

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Investors interested in the detailed analysis behind each selection can access in-depth reports by clicking on the tickers provided, leading them to the comprehensive Best-of-Breed Bison report for each company. This initiative by DA Davidson aims to guide investors towards high-quality investment opportunities in the current market landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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