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Top Stock Picks for the Week of July 2nd

Wells Fargo & Company WFC, is a diversified, community-based financial services company with $1.9 trillion in assets. Despite issues surrounding the company, it has some positive qualities. Organic growth remains a key strength for this bank. A lower tax rate and easing of regulations and expansions will likely support its growth profile. The company also has a decent earnings surprise history, having beaten Zacks Consensus in two of the trailing four quarters.

Tesla Inc. TSLA, designs, develops, manufactures, and sells electric vehicles and stationary energy storage products. In a notable development, Tesla reached the goal of producing 5,000 Model 3 sedans in the last week of second-quarter 2018. Importantly, Model 3 is dubbed to transform Tesla, from a niche manufacturer to a mainstream automaker. In the past six months, shares of Tesla have outperformed the industry it belongs to.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

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