Ahead of the FOMC meeting which will see an interest rate hike this Thursday, the equity market is expected to continue to witness a selling session.
It is a string of risky market sentiments that make investors less interested in buying risky assets and more focused on safe investments like the dollar.
Despite this, there are still some stocks that are selected by market analysts based on their performance history that can help investors reap some profits.
Follow the summary of Wall Street's preferred stocks below.
Apple Inc
The launch of the iPhone 14 series along with the new Apple Watch and AirPods on September 7 is enough to explain the company's short-term portfolio.
Comment Brian White, Monness Crespi Hardt analyst, the macroeconomic situation may make consumers think twice but Apple's action of not raising prices is very interesting.
As for the long term, Apple's performance history is very difficult to challenge and that streak White puts Apple's price target at $174.
Broadcom
Broadcom's recent $61 billion acquisition of software firm VMware indirectly adds to the company's future portfolio.
Vijay Rakesh from Mizuho explained that Broadcom's investment strategy reflects how committed the company is to becoming a major player in the world's semiconductor component production.
Based on that factor, Rakesh believes setting the company's price target at $793 is achievable in the long term.
Nvidia
Although Nvidia is flanked by the issue of restrictions on the sale of its products in China by the Joe Biden administration, this company remains Rakesh's choice.
This is because Rakesh believes the company's direction with the company's new product, Hopper, will contribute to the encouraging performance despite receiving restrictions from the authorities.
On that factor the $225 target price was set by Rakesh with 90% of the company's AI work progress being the benchmark for the company's performance.
