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Top Stock Picks for Week of June 15, 2020

Panel Of Zacks Experts

Tesla TSLA, is the market leader in battery-powered electric car sales in the United States. Shares of Tesla have outperformed the industry over the past year. The firm has a first-mover advantage in the EV space with high range vehicles, superior technology, and software edge. Rising Model 3 delivery, which forms bulk of the Tesla’s overall deliveries, is aiding the company’s top-line growth. Further, Model Y is also set to boost Tesla’s prospects, going forward. For full-year 2020, the company expects vehicle deliveries to exceed 500,000 units.

Spotify Technology S.A. SPOT, provides music streaming services.Over the last four quarters, the company has surpassed consensus EPS estimates three times. As of its last earnings report, Spotify, which belongs to the Zacks Technology Services industry, posted revenues ending March 2020, surpassing the Zacks Consensus Estimate.

More Stock News: This Is Bigger than the iPhone!                   

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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