The stock market’s performance in September turned out to be as expected—disappointing. This month is known to generate historically weak returns. Both the S&P 500 (SPX) and the Nasdaq 100 Index (NDX) closed about 5% and 6% lower in September, respectively. Several factors contributed to this decline, including geopolitical instability, a slowdown in China’s economy, persistent inflation concerns, and fears of a government shutdown.
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Nonetheless, tracking the real-time rankings of successful analysts can provide valuable insights for investors. TipRanks allows one to explore and analyze the performance of Top Wall Street Analysts, making it easier for investors to make informed decisions based on the track records of these experts.
Top 10 Analysts of September 2023
#1. Gerard Cassidy – RBC Capital
Gerard Cassidy is ranked number one on the list. Cassidy has an overall success rate of 65%. To date, his best rating has been on Fifth Third Bancorp (NASDAQ:FITB), a banking and financial services provider. His Buy call on FITB stock from April 8, 2020, to April 8, 2021, generated a solid return of 138.9%.
#2. Ken Usdin – Jefferies
Ken Usdin holds the second position on the list and has a success rate of 63%. Usdin’s top recommendation is Customers Bancorp (NYSE:CUBI), a bank holding company. The analyst generated a profit of 246.2% through his Buy recommendation on CUBI stock from January 7, 2021, to January 7, 2022.
#3. Nicole Deblase – Deutsche Bank
Nicole Deblase bags the third spot on the list. The analyst has a 64% overall success rate. Deblase’s best recommendation has been on Vertiv Holdings (NYSE:VRT), a provider of equipment and services for data centers. The analysts’ Buy call on VRT stock generated a stellar 216.2% return between July 13, 2022, and July 13, 2023.
#4. Luke Davis – RBC Capital
RBC Capital analyst Luke Davis is fourth on this list, with a success rate of 64%. Davis’ best call has been a Buy on the shares of a Canadian oil and gas company, Tamarack Valley Energy (TSE:TVE). The recommendation generated a return of 357.4% from October 16, 2020, to October 16, 2021.
#5. Michael E. Hoffman – Stifel Nicolaus
Michael E. Hoffman is in fifth place and has a success rate of 63%. His best recommendation is Vertex Energy (NASDAQ:VTNR), an energy company specializing in producing renewable and conventional fuels. The analyst delivered a whopping return of 714.1% from the Buy call on Vertex Energy from May 13, 2021, to May 13, 2022.
#6. Stephanie Moore – Jefferies
Stephanie Moore ranks sixth on the list. The analyst has a 69% success rate. Moore’s top recommendation has been for a transportation company, ArcBest (NASDAQ:ARCB). The Buy recommendation generated a massive return of 235.6% in the period between March 23, 2020, and March 23, 2021.
#7. Mark Lipacis – Jefferies
Taking the seventh position is Mark Lipacis. The analyst has a 60% overall success rate. His top recommendation was for chip giant Nvidia (NASDAQ:NVDA). Through his Buy call on NVDA stock, Lipacis generated a solid return of 374.8% from February 8, 2016, to February 8, 2017.
#8. Mark Devries – Barclays
Mark Devries has the eighth spot on the list, with a success rate of 61%. Devries’ best call has been a Buy on shares of AerCap Holdings (NYSE:AER), an aviation leasing company. The recommendation generated a return of 251.3% from March 17, 2020, to March 17, 2021.
#9. Dan Payne – National Bank
National Bank analyst Dan Payne ranks ninth on the list. Payne has a 61% success rate. His best rating has been on Birchcliff Energy (TSE:BIR), a Canadian oil and gas company. His Buy rating on BIR stock between October 6, 2020, and October 6, 2021, generated an impressive return of 372.70%.
#10. Quinn Bolton – Needham
In the 10th position is Quinn Bolton of Needham. Bolton has an overall success rate of 57%. Bolton’s top recommendation is ACM Research (NASDAQ:ACMR), a semiconductor equipment manufacturing company. His buy recommendation earned him a significant return of 608.4% between August 19, 2019, and August 19, 2020.
Ending Note
By following Top Analysts’ ratings, investors can potentially enhance their portfolio’s profitability. Interestingly, TipRanks makes the task easier by compiling the recommendations of many Top Experts, which enables investors to keep track of what they are recommending and how their recommendations are performing. We will be back soon with the Top 10 Analysts list for October 2023.
