Here are 2 stocks that Oppenheimer likes

By now, we all know the litany of market woes and headwinds: inflation, which has been grabbing all the headlines; the Fed’s turn to rate hikes and monetary tightening in response to inflation; the continued list of interconnected issues, including supply chain tangles, the Russia-Ukraine war, high oil prices.

Recent news and market stats have only reinforced the short-term gloom. Q1 showed a GDP decline of 1.6%, and preliminary data shows a similar decline for Q2, which would put the US into a recession. But do the current clouded conditions mean that investors have to fully back away from the bulls?

Weighing in from Oppenheimer, chief investment strategist John Stoltzfus doesn’t back away from trying to square that circle. Acknowledging and analyzing today’s market environment, Stoltzfus confronts it head on, writing, “Even in the face of uncertainty and palpable risks of recession, our longer-term outlook for the U.S. economy and the stock market remains decidedly bullish. We believe U.S. economic fundamentals remain on solid footing. U.S. growth should remain well supported by consumer, investment and government spending.”

Taking Stoltzfus’ outlook and turning it into concrete recommendations, the pros at Oppenheimer are giving two stocks a thumbs up. In fact, the firm’s analysts see over 50% upside potential in store for each. We used TipRanks’ database to find out what the rest of the Street has to say.

Vertex Energy (VTNR)

First up is Vertex, a transitional energy company with a focus on the production and distribution of both conventional and alternative fuels. The company owns approximately 3.2 million barrels worth of storage capacity, as well as an oil refinery in Mobile, Alabama capable of producing 91,000 barrels per day of refined fuel. Vertex is a key supplier of base oils for the North American lubricant industry, and is one of the largest processors of used motor oil in the US market.

The Mobile refining facility is one of the keys to understanding Vertex Energy’s current position. The company purchased the refinery from Shell…


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