Oppenheimer Picks Alphabet, Dumps Meta in Highest-Conviction Stock Picks

Oppenheimer released a sector-by-sector list of preferred buys and sells, keeping a constructive stance on equities and highlighting Alphabet (GOOG) as a top buy while placing Meta Platforms on its sell list. The note suggests the recent market advance has been driven by beta and momentum, with momentum still outperforming among high-beta stocks despite volatility. Oppenheimer also pointed to improving market breadth and said the S&P 500 held its 50-day moving average after a roughly 5% pullback, implying conditions could support another leg higher. The article is primarily a broker outlook piece, reinforcing a positive risk tone for large-cap equities and Alphabet specifically.