Lumen Technologies (LUMN) upgraded by Wells Fargo due to partnership growth, ranked 11th for penny stocks

From Yahoo Finance: 2025-04-18 17:37:00

Solus’ Dan Greenhaus and Invesco’s Brian Levitt discuss tariffs, market uncertainty, and risk concerns on CNBC’s ‘Closing Bell.’ Greenhaus believes many worst-case scenarios are already priced into the market, emphasizing the rebound seen in the stock market. Levitt warns of potential downside risks if uncertainty persists, highlighting the need for caution despite signs of volatility in business investment and consumer confidence metrics.
Lumen Technologies, Inc. (NYSE:LUMN) is a networking company offering integrated products and services. Recently upgraded by Wells Fargo, the company anticipates growth in network capacity through partnerships with leading technology firms like Microsoft, AWS, Google, and Meta. LUMN ranks 11th on the list of most promising penny stocks, emphasizing the potential growth of AI stocks for high returns in a shorter time frame.
LUMN closed deals valued at $8.5 billion with tech giants, expanding the inter-city fiber network to meet growing AI demand. Despite its significant rise, ClearBridge Small Cap Strategy remains cautious about LUMN’s risk profile due to a leveraged balance sheet. While LUMN shows promise, investors are urged to consider other AI stocks with high potential returns.