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Top Stock Picks for the Week of July 2nd

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Wells Fargo & Company (WFC - Free Report) , 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 - Free Report) , 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.

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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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