Jefferies highlighted its best global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating. The firm's best ideas list includes its top global equity ideas that align with themes of secular innovation and disruption, structural change, and product cycles and pricing power. The stocks in the list span regions across the United States and Latin America, Europe, Middle East and Africa (EMEA) and the Asia–Pacific (APAC).
Here are some of the top picks: Named a top pick in the secular innovation and disruption category, ASML is up 35.8% this year, and analyst Janardan Menon sees more outperformance from the stock over the next 12 months. With its price target at 1,260 euros, he sees about 22.
6% upside from Thursday's close. Menon cited a broad sector re-rating around the mid-2025 and his forecasted earnings growth of 68% between this year and next as catalysts. He anticipates that an acceleration in the semiconductor cycle aided by recovering demand and increasing memory prices will conservatively grow the company's revenues by 37% next year.
Bank of America is similarly confident on ASML's revenue outlook for 2025, saying it's "irreplicable" in the AI infrastructure buildout. The firm named it a top pick in European Union semicaps and lifted its revenue estimates for 2025 and 2026. BofA also raised its price target by $193, or 146 euros, and maintained its buy rating on the stock.
ConocoPhillips also made the.