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Happy Friday Zingernation! The NFL preseason kicked off last night, which means it’s time for me to lock in and start studying rosters and mock drafts for my fantasy league. And while I’m focused on which players will outperform their expectations, Morgan Stanley is highlighting which tech stocks will outperform the market. Plus, three high-yield energy stocks to check out.

—Aaron Bry & Nic Chahine

Plus, take a look at where wealthy investors are parking their money amid a drawdown in the equities markets.

MARKET SNAPSHOT

Yesterday: Boom baby! Big day for the bulls with the S&P 500 and Nasdaq each closing up more than 2%.

On Our Radar: Quiet day today in terms of economic data and earnings, but next week we will get a huge CPI report on Wednesday.

TOP STORY

As Nvidia Leads Magnificent 7 Volatility, Analyst Says These Mega-Caps Are Poised To Outperform Small-Caps — But There's A Catch

Basically: Mega-cap stocks, led by the Magnificent Seven companies, continue to be at the forefront, whether it is a rally or a pullback, underlining their undue influence on the market.

So: Against this backdrop, Morgan Stanley analysts led by Erik Woodring on Wednesday delved into the damage the sell-off has inflicted on the mega-cap space and the outlook for these stocks. Here are the names Woodring likes, but, there’s a catch.

PRESENTED BY PERCENT

Survey Says: Investment Strategies Are Shifting Towards Private Credit

Election years often bring volatility, which has many investors wondering: If a market correction happens, where can we ride out the storm? 

A Bloomberg survey1 reveals that many institutions now prefer private credit over bonds to hedge against economic downturns. 

Why? T. Rowe Price data2 suggests that allocating 10% to private credit historically reduces volatility and improves risk-adjusted returns. And during the last 3 market pullbacks, private credit outperformed both high yield bonds and equities.

But this ‘safe haven’ asset class isn’t just for Blackstone, KKR, and Morgan Stanley–now, everyday investors can diversify with private credit using Percent. 

• Low minimums: Start with $500

• Shorter durations: Maturity in 6-36 months (average ~9 months)

• Monthly cash flow: Most deals offer cash flow through monthly interest payments.

• Return potential: Average annual net returns of 14%+ and over $1 billion in deals funded

Sign up with Percent and get a bonus of up to $500 with your first investment.*

FIVE ZINGERS

Playing Both Sides: Crypto executives are meeting with Democrats and Republicans ahead of the 2024 election. Here’s why it matters.

Social Cues: Marin Software’s stock is taking off after a new integration with social media platforms like Reddit and X.

The Future Is Here: OpenAI is debuting a new conversational AI bot with human-like voice features. Here’s why some executives are worried.

New Beginnings?: Boeing’s new CEO is trying to get the company back on the right track after months of woes. Here are his first steps.

What’s Up $DOCS: Doximity shares are skyrocketing after the telehealth platform delivered stronger-than-expected earnings.

ONE FOR THE ROAD

Wall Street's Most Accurate Analysts Spotlight On 3 Energy Stocks Delivering High-Dividend Yields

Basically: During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

So: Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here are three names that some of Wall Street’s most accurate analysts are bullish on.

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Contestants will compete to prove their trading prowess in 3 different competitions with each one lasting a month long. You think you can beat the market, but can you beat the best?

Don’t miss your chance to be crowned World Champion of Trading! Sign up Now! Click here for more information.

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