Mizuho shared top stock picks where its analysts are more bullish than the Wall Street consensus.
Contrarian investors can still generate extra returns even in the current bull market, according to Mizuho. Stocks have been roaring to new heights lately, with all three major indexes notching fresh records in May. The Dow Jones Industrial Average closed above the 40,000 level while the Nasdaq Composite topped 17,000. But investors who prefer to swim against the tide can still find opportunities in stocks that have fallen out of favor with Wall Street analysts, according to Mizuho Securities.
Similarly, financial technology platform PayPal has risen only about 4% this year, leaving its valuation "compelling" at current prices, according to Mizuho analyst Dan Dolev. PayPal is currently trading below its historical spread versus peers, and Dolev believes the stock should rise to sell at a "modest premium" due to upcoming opportunities such as its Fastlane service.
Stock Markets Mizuho Financial Group Inc Oracle Corp Lowe's Companies Inc Paypal Holdings Inc Business News
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