Top Analyst Picks for September: Robinhood, Axon Enterprise, Electronic Arts, TE Connectivity, and More

US stocks closed higher on Tuesday, with the Nasdaq Composite gaining 0.3% and the Dow Jones reaching a new closing high. Major indices recorded gains in September, with the S&P 500 up 3% and the Nasdaq jumping 5.6%. Analysts from top firms such as Needham and Citigroup have made new stock picks, including Robinhood Markets, Axon Enterprise, and Electronic Arts.

US stocks closed higher on Tuesday, with the Nasdaq Composite gaining 0.3% and the Dow Jones reaching a new closing high. Major indices recorded gains in September, with the S&P 500 up 3% and the Nasdaq jumping 5.6%. Analysts from top firms such as Needham and Citigroup have made new stock picks, including Robinhood Markets, Axon Enterprise, and Electronic Arts.

In the latest developments, Fifth Third Bancorp significantly increased its stake in Nasdaq, Inc. (NASDAQ: NDAQ) by 128.6% in the second quarter, owning a total of 45,116 shares worth approximately $4.03 million at the end of the last quarter Nasdaq, Inc. $NDAQ Shares Bought by Fifth Third Bancorp^[1]. The company also announced a quarterly dividend of $0.27 per share, reflecting an annualized dividend yield of 1.2%.

Several other institutional investors also made changes to their positions in Nasdaq's stock. Counterpoint Mutual Funds LLC acquired a new position worth $344,000, GAMMA Investing LLC raised its holdings by 3.7%, and Whitener Capital Management Inc. increased its holdings by 1.9%. Park Avenue Securities LLC and CX Institutional also increased their stakes, with the former raising its holdings by 30.7% and the latter by 19.4% Nasdaq, Inc. $NDAQ Shares Bought by Fifth Third Bancorp^[1].

Executives at Nasdaq also made insider transactions. EVP Bradley J. Peterson sold 11,508 shares for a total value of $1,022,715.96, while EVP Jeremy Skule sold 2,105 shares for $201,006.45. Insiders sold 24,409 shares valued at $2,223,599 over the last quarter, representing 0.70% of the company's stock Nasdaq, Inc. $NDAQ Shares Bought by Fifth Third Bancorp^[1].

Nasdaq reported earnings of $0.85 per share for the quarter, beating analysts' estimates by $0.07. The company also announced a quarterly dividend of $0.27 per share, with a dividend yield of 1.2%. Analysts from various firms, including Goldman Sachs, Deutsche Bank, Piper Sandler, Oppenheimer, and Keefe, Bruyette & Woods, have issued positive ratings and target prices for Nasdaq Nasdaq, Inc. $NDAQ Shares Bought by Fifth Third Bancorp^[1].

Axon Enterprise, Inc. (NASDAQ: AXON) secured a spot on the list of the 10 Best Defense Contractor Stocks to Buy Now, with significant upside potential. The company announced a partnership with Mobile Camera Security (MCS) to develop a locally produced DedroneRapidResponse counter-drone trailer for the Australian, New Zealand, and Indo-Pacific markets Dedrone by Axon Enterprise, Inc. (AXON) Partners with Mobile Camera Security (MCS)^[2].