Nomura Securities U.S. Conviction Buy List: Adding AMZN, Dropping PETM & FITB

Nomura Securities U.S. Conviction Buy List

Michael Lean, said, "Nomura’s US Conviction Buy List is a group of Buy-rated stocks covered by Nomura US Equity Research that have been identified by Research Management as stocks that may outperform the S&P 500 Index over the next 12 months. We are adding Amazon (Nasdaq: AMZN) to our US Conviction Buy List. The recently reported quarter showcased Amazon’s solid top-line trends as the company continues to gain relevance with consumers. We are removing PetSmart (Nasdaq: PETM) from our US Conviction Buy List given the stock’s YTD appreciation and following our analyst’s downgrade today from Buy to Neutral (Aram Rubinson). We are removing Fifth Third (Nasdaq: FITB) from our US Conviction Buy List, as we have dropped coverage of the stock. Other stocks on our U.S. Conviction Buy List are Broadcom (Nasdaq: BRCM), Disney (NYSE: DIS), Dover (NYSE: DOV), Goldman Sachs (NYSE: GS), Limited (NYSE: LTD), Marriott (NYSE: MAR), News Corp (Nasdaq: NWSA), Oracle (Nasdaq: ORCL), and Sherwin-Williams (NYSE: SHW)."

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