Top Wall Street analysts say buy these stocks during a market downturn

Even though the vacation week ended connected a affirmative enactment for stocks, much volatility is apt successful the cards.

All eyes are connected November's upcoming payrolls report, owed retired Dec. 2. Further, the Federal Reserve's Dec. 13-14 meeting looms ahead, and investors await the cardinal bank's adjacent steps connected its monetary argumentation campaign. There is inactive plentifulness of clip for stocks to churn earlier the twelvemonth ends.

This means investors request to displacement their absorption toward longer-term prospects alternatively of fixating connected near-term gyrations successful the market. See beneath for 5 stocks picked by Wall Street's apical pros, according to TipRanks, a level that ranks analysts based connected their erstwhile performance.

Nvidia (NVDA) has been hurting from weakening request for its chips from the gaming and information halfway extremity markets owed to the macroeconomic headwinds and supply-chain issues.

However, aft the institution posted its quarterly results, Susquehanna expert Christopher Rolland noticed that Nvidia is "getting backmost connected track." This prompted him to reiterate a bargain standing connected the banal and rise the terms people to $185 from $180. (See Nvidia Dividend Date & History connected TipRanks)

While elevated transmission inventories are inactive a problem, Nvidia foresees them falling backmost to mean levels from the adjacent 4th onward. Other than that, Rolland was reasonably satisfied with the quarterly show and trends. Nvidia's gross borderline guidance amid little gross tally complaint impressed the analyst, who said that this "may beryllium indicative of importantly higher ASPs (average selling price) for some caller gaming and information halfway products."

The expert said that of the 4 large extremity markets (auto, datacenter, nonrecreational visualization, and gaming), astatine slightest 3 are expected to turn astatine 3 times the complaint of the wide semiconductor market.

Rolland is ranked 26^th among much than 8,000 analysts tracked connected TipRanks. His way grounds implicit the past twelvemonth shows a occurrence complaint of 69% and mean returns of 21.8% per rating.

Another of Rolland's banal picks is semiconductor institution Marvell Technology (MRVL), which is slated to station its third-quarter fiscal 2023 results connected Dec. 1. Ahead of the print, the expert identified respective dampening factors that are expected to beryllium a near-term sore point. Keeping that successful mind, Rolland trimmed the terms people to $75 from $90.

The company's nearline HDD concern is expected to person remained anemic successful the quarter, owed to a ample inventory build. Overall, the expert expects Marvell to person had a somewhat disappointing quarter, contempt immoderate tailwinds from the North American rollouts of 5G infrastructure. (See Marvell Stock Chart connected TipRanks)

Looking beyond the quarter, Rolland sees respective upsides to Marvell. "We judge the commencement of India's 5G deployments could beryllium a affirmative for the communicative (with gross to travel aboriginal successful 2023). Marvell's 5G products proceed to ramp astatine some Samsung and Nokia (two ample customers), arsenic the networking businesses astatine some companies bushed expectations," the expert said.

Rolland reiterated his bargain standing connected the company.

Costco (COST) operates an planetary concatenation of warehouse clubs that connection branded and backstage items from assorted merchandise categories. Recently, successful airy of nutrient inflation, slowdown, and different economical forces, Bank of America expert Robert Ohmes analyzed the company's prospects and emerged bullish.

"We expect precocious nutrient ostentation to thrust continued stock gains for the warehouse nine transmission (including Costco) fixed the beardown worth proposition and terms positioning connected overlapping SKUs vs. wide and accepted grocery," said Ohmes. (See Costco Website Traffic connected TipRanks)

The expert pointed retired that Costco churns retired much than 20 caller clubs a year. Further, helium expects coagulated trends successful lawsuit postulation and rank renewal rates to continue. Even successful the planetary markets, continued maturation successful same-store income is simply a affirmative for the company

Ohmes is ranked astatine No. 854 among much than 8,000 analysts connected TipRanks. The expert has delivered profitable ratings 56% of the time, and each 1 has generated mean returns of 8.3%.

Earlier this month, task absorption instrumentality supplier Monday.com (MNDY) delivered banner quarterly results, which buoyed the assurance of investors and analysts alike. Among the Monday.com bulls was Tigress Financial Partners expert Ivan Feinseth, who reiterated a bargain standing connected the stock.

Feinseth noted that the company's show stands to summation from consistently beardown lawsuit adoption rates. Furthermore, Monday.com's competitory vantage lies successful its low-code/no-code Work OS. He besides maintains that casual integration and user-friendliness of the level volition proceed to pull important customers and boost gross growth. (See Monday.com Financial Statements connected TipRanks)

"Ongoing innovation and maturation volition proceed to thrust MNDY's already beardown marque equity unneurotic with its high-margin SaaS (Software arsenic a Service) subscription-based gross exemplary volition thrust an ongoing acceleration successful Business Performance trends which volition thrust an expanding Return connected Capital, further gains successful Economic Profit, and semipermanent shareholder worth creation," said Feinseth.

He is ranked 232^nd among much than 8,000 analysts connected TipRanks. Feinseth has issued profitable ratings 60% of the time, and each has delivered 11.3% returns connected average.

Entertainment institution Disney (DIS) is different banal connected Feinseth's bargain list. The expert precocious reiterated a bargain standing and $177 terms people connected the stock, chiefly encouraged by the instrumentality of erstwhile CEO Bob Iger, who is expected to thrust "a instrumentality to creativity dominance."

Moreover, the coagulated contented roster is expected to thrust the company's growth. Feinseth is besides upbeat astir Disney's ongoing investments successful its taxable parkland upgrades, caller exertion and ongoing contented development, which helium thinks volition proceed to thrust the company's performance. (See Walt Disney Hedge Fund Trading Activity connected TipRanks)

"DIS volition proceed to thrust expanding taxable parkland attendance with ongoing parkland upgrades and introductions of caller attractions; the ongoing leverage of its precocious preservation strategy is driving capableness optimization and greater gross yield, and its Genie and Genie+ virtual parkland adjunct importantly summation impermanent experiences," said Feinseth.

The expert highlights Disney's beardown equilibrium sheet, currency travel generating capabilities and applicable capital-allocating strategies. These are helping the institution put successful contented development, caller taxable parkland attractions and different growth-driving efforts.