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☆ Jim Cramer: Costco has room to run despite a rich valuation and shares nearing all-time highs
▼ + stars: | 2024-05-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer likes Costco stock despite its high valuation and suggests it has more room to run. "I feel very comfortable" about Costco, Cramer said Thursday on " Squawk on the Street ," after the wholesale retailer reported a solid April sales report. Costco shares rose nearly 1.5% after Wednesday evening's monthly sales report showed core comparable sales, which exclude gas and foreign exchange fluctuations, gained 5.5% last month. Goldman Sachs analysts increased its Costco price target to $840 from $830 and also maintained its buy rating. The Club currently has a 2 rating on Costco shares and a price target of $800.

Persons: CNBC's Jim Cramer, Cramer, FactSet, Wells Fargo, —, Costco's, we're, Goldman Sachs Organizations: Costco, CNBC, Wells, Street, JPMorgan

☆ Goldman Sachs likes these stocks that are growing profitably
▼ + stars: | 2024-04-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

As the equity market's profitability nears its all-time highs, Goldman Sachs recently shared some stocks that could see big growth over the next 12 months. In 2024, Kostin expects margin expansion will continue to support ROE growth. In the same report, Goldman Sachs shared its rebalanced ROE growth basket of stocks, which contains 50 names selected for their expected profit growth over the next 12 months. Rising growth fears, solar compensation cutbacks and rising interest rates sank solar stocks last year, but they've since made a comeback. Consensus estimates for the financials sector reveal that most analysts expect ROE growth to remain flat in the same time period.

Persons: Goldman Sachs, David Kostin, ROE, Kostin, Estée Lauder, Electric's, Goldman, Wells, Janney, Blackstone Organizations: Kostin, Info Tech, Deutsche Bank, GE Aerospace, Communications, Mobile Locations: Wells Fargo, China

☆ Procter & Gamble's strategic pricing shift should accelerate business growth this year
▼ + stars: | 2024-04-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Those are key items to watch out for Friday morning when P & G reports its fiscal 2024 third-quarter earnings. Shares of P & G hit a multiyear high of $163 on March 28 — less than $2 per share below all-time highs reached in late April 2022. Traditionally for Procter, pricing has contributed low single digits to its earnings growth. In P & G's fiscal second quarter , pricing contributed 4% to sales growth, but volumes were down on a companywide basis. He expects to see a healthy organic growth rate consistent with the 4% organic growth reported in the second quarter.

Persons: Jeff Marks, Jim Cramer, Nik Modi, Modi, Procter, Jon Anderson, William Blair, Anderson, Ulta, Jim Cramer's, Jim Organizations: Procter, Gamble, CNBC, Federal Reserve, Fed, RBC Capital Markets, Anderson, China, National Exhibition, Convention Center, VCG, Getty Locations: U.S, North America, Shanghai, China

☆ Modelo maker Constellation Brands is primed for market share gains but we still see one issue with the company
▼ + stars: | 2024-04-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Constellation Brands stock is looking like it could be ready to break out, with its strong beer business well-positioned for market share gains in the upcoming fiscal year. Morgan Stanley anticipates Constellation to continue gaining market share at the expense of Bud Light during this period. Since Constellation tends to boast industry-leading results in its beer business, we're confident it will deliver strong numbers again next week. Over the past few years, Constellation has been trying to boost sales in its wine and spirits business — shifting from lower-priced brands to more premium names. While wine and spirits make up a small part of Constellation's overall business, Jim has said it must go.

Persons: It's, Jim Cramer, Morgan Stanley, Jeff Marks, Jim, Bud Light, Marks, Piper Sandler, Newlands, Kim Crawford, Eli Lilly, Elliott, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Anheuser, Busch Inbev, Modelo, Nielsen, Cinco de Mayo, Bud Light, Constellation, Piper, Elliott Investment Management, CNBC Locations: Corona, Pacifico, U.S, GLP, Modelo, San Rafael , California

☆ These stocks may have trouble living up to expectations for a big earnings turnaround this year
▼ + stars: | 2024-03-26 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

This in effect creates an 'implied' 2H of 2024 guidance that is perhaps excessively optimistic," CEO Adam Parker wrote Sunday. Parker's warning comes after S & P 500 reported earnings growth of 4.2% for the fourth quarter on a year-over-year basis, per FactSet. He also screened for stocks in which there's a big difference between earnings expectations for the first and the second half of the year. Parker surmises that these stocks may disappoint on these aggressive earnings turnarounds. Consensus estimates from analysts surveyed by FactSet suggest the stock, which is down nearly 5% this year, could gain 13.2% from Monday's close.

Persons: Adam Parker, Parker, AbbVie, FactSet, Wells Fargo, Estee Lauder Organizations: Research, Abbott Laboratories, Humana, Pharmaceutical, FactSet, Mondelez International, Procter, Gamble Locations: —, China, Monday's

☆ 'Nearing exhaustion': Top strategists warn that weaker consumer spending could cause US stocks to run out of steam — but 22 investments can thrive during a market reversal
▼ + stars: | 2024-03-16 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Eight economists, investment chiefs, and strategists that Business Insider recently spoke to credited healthier-than-anticipated consumer balance sheets and spending for the continued expansion. "Either that, or they're going to be maxed out — they can't get any more money. They're not going to have any liquidity to be able to continue to do the things they're going to do." He's also sticking with defensive stocks as consumer spending softens, including those in the consumer staples sector like Clorox (CLX) and Procter & Gamble (PG). Real estate is a "hated asset class" that's negatively correlated with interest rates, Sekera said.

Persons: shouldn't, Kevin Gordon, Charles Schwab, they're, Sue Crotty, Ed Clissold, Ned Davis, Clark Bellin, Bellin, David Rosenberg, They're, Rob Swanke, Swanke, Preston Caldwell, Morningstar's, Dave Sekera, Sekera, Christopher Barto, Gordon, Clissold, He's, Morningstar's Sekera, Crotty, Segal Marco Advisors, She's, Barto, that's Organizations: Business, Consumers, Segal Marco, Ned, Ned Davis Research, Commonwealth Financial Network, Nasdaq, Morningstar, Fort Pitt Capital Group, Procter, Gamble, Federal Reserve, Exxon, APA Corp, Duke Energy, Segal, Energy, Healthcare Locations: Devon, Real, NiSource

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ HSBC sees limited stock market gains after record-setting rally, tells investors to wait for a better entry point
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The stock market may not go much higher for the rest of 2024, according to HSBC. "We expect to see better entry points once the market re-prices rates expectations." That's compared to market expectations of 140 basis points. "That slowing would likely dampen earnings growth expectations and increase recession probabilities." Tech and consumer discretionary sectors should see the highest earnings growth, according to the firm.

Persons: Stocks, Nicole Inui, Inui, Goldman Sachs Organizations: HSBC, Fed, Tech, Stock, Walmart, CVS Health, Procter & Gamble, Mondelez, Industries, Chevron, Citigroup Locations: Howden

☆ Goldman Sachs says now is the time to invest in these 38 consumer staples stocks, with the sector 90% cheaper than it's ever been and its tendency to rise when the Fed cuts rates
▼ + stars: | 2024-01-23 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Goldman Sachs says now is a great time to invest in consumer staples stocks. The sector is cheaper than it has been 90% of the time relative to the S&P 500. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRight now looks like a great time to invest in the consumer staples sector of the stock market, according to Goldman Sachs. This story is available exclusively to Business Insider subscribers.

Persons: Goldman Sachs, —, David Kostin Organizations: Service, Business Locations: Invest

☆ Bank of America unveils its top 10 trades for 2024, and 6 signs that would confirm a true bull market has arrived
▼ + stars: | 2023-11-30 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

Here are the indicators he's watching in 2024, and the trades investors should make now so that when the bull market finally arrives, they will be well-positioned to profit. Bank of America, alongside BMO, believes that the S&P 500 could beat its all-time high and soar over 5,000 next year. But in the back half of 2024, Hartnett believes the "3Cs" and the "3Ps" will combine to kick off a bull market in the "3Bs": bonds, bullion, and breadth. "Bonds can easily deliver equity-like returns in 2024," Hartnett wrote, particularly if "a weaker US economy & Fed cuts delivers cyclical decline in bond yields & US dollar (+ve gold)." Hartnett wrote that any panic policy moves could be a "catalyst for outperformance of leverage over quality, small over large, value over growth, international over US."

Persons: Michael Hartnett, Hartnett, there's Organizations: Federal Reserve, Bank of America, Business, America's, BMO, SOX Locations: XBD, Japan, China

☆ A bullish portfolio manager shares why there won't be a recession as GDP growth reaccelerates — and names 8 stocks set to benefit from strong consumer spending
▼ + stars: | 2023-10-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"Based upon the economic data that I've seen and what you read and hear about, I do not expect there to be a recession," Pounardjian said in a recent interview with Insider. And what happens, of course — there's not a recession," Pounardjian said. 8 ways to bet on strong consumer spendingWhile many of his fellow portfolio managers ditched stocks, Pounardjian stayed calm last year and kept his clients' money in markets. "The baby gets thrown out with the bathwater, and the market shoots first and asks questions later," Pounardjian said of consumer stocks. Below are eight stocks in the consumer staples sector that are held by Pounardjian, his clients, or both.

Persons: Razmig Pounardjian, Pounardjian, We've, There's, it's, Derek Thompson Organizations: Bulls, Carnegie Investment, The

☆ Morgan Stanley's stock playbook for this slowing, 'late-cycle' economy
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

To play this market, the firm recommended a "barbell" of traditional defensive stocks, some select growth opportunities and late-cycle cyclical names. Take a look below for some of Morgan Stanley's favorite stocks in this slow-growth environment. 1) Traditional Defensives Despite its year-to-date underperformance against the broader market, health care remains Morgan Stanley's preferred defensive sector. Still, popular consumer food companies Yum Brands and McDonald's are considered growth stocks based on their market cap and volatility. 3) Late-Cycle Cyclicals Several energy companies — including Marathon Oil , Valero Energy and ConocoPhillips — can shine in a late-cycle market environment, according to Morgan Stanley.

Persons: Morgan Stanley, Andrew Pauker, Pauker, Morgan Stanley's, Fisher, Dr Pepper, Eli Lilly, Devin McDermott, Ravi Shanker Organizations: Walmart, Fisher, " Beverage, CenterPoint Energy, Costco, Colgate, Palmolive, Yum Brands, UnitedHealth, Marathon Oil, Valero Energy, ConocoPhillips, Swift Transportation, Defense, Northrop Grumman, Howmet Aerospace, Delta Airlines

☆ Weight-loss drugs driving hedge fund consumer stock flows -Goldman Sachs
▼ + stars: | 2023-10-25 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

For every two U.S. consumer staples stocks that hedge funds have shorted, they have bought one, Goldman Sachs said. U.S. companies ranging from supermarkets to beer have been under pressure on concerns about the impact of weight-loss drugs like Ozempic, Wegovy and Mounjaro. Shares in the U.S. consumer staples sector (.SPLRCS) are down roughly 8% this year, which some investors see as an overreaction to the new weight-loss drugs. "Consumer staples has been ignored and beaten up," said Bryant VanCronkhite, equities senior portfolio manager at Allspring Global Investments LLC. PORTFOLIO ROTATIONEuropean hedge funds have bought defensive stocks in October, while selling cyclicals, according to Goldman Sachs.

Persons: Goldman Sachs, Bryant, Carolina Mandl, Sharon Singleton, Leslie Adler Organizations: Allspring Global Investments, Thomson Locations: Europe, U.S, Israel, United States, Norway, Denmark, Germany, defensives, New York

☆ P&G flexes its pricing power again in its latest quarter. Wall Street rewards the stock
▼ + stars: | 2023-10-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

P & G's results Wednesday demonstrate that its recent outperformance compared with its staples peers is justified. Quarterly commentary Procter & Gamble delivered on key metrics such as gross margins and organic sales growth. Secondly, excluding declines in China, P & G's volume was up in the rest of the world. Consumers in Western Europe remain relatively resilient, Schulten said, while describing P & G's business in Latin America as "on fire." P & G paid out $2.3 billion in dividends in its fiscal first quarter while repurchasing $1.5 billion worth of common stock.

Persons: Gamble, —, we're, That's, Andre Schulten, it's, Schulten, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Procter, Gamble, Wednesday, Dow, Treasury, Walmart, Club, Costco Wholesale, Bunge Limited, Revenue, U.S, Wall, CNBC, Procter & Gamble, Getty Locations: China, U.S, Cincinnati, Western Europe, Latin America, Miami , Florida

☆ Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs
▼ + stars: | 2023-10-16 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, as these stocks, viewed as a proxy for bonds, could not match the recent surge in U.S. Treasury yields. Short sales outpaced long buys about 4 to 1, said Goldman Sachs. The selling took the form of short bets on companies that sell food, beverage and tobacco products and the exit of long positions in household products and food products. Reporting by Nell Mackenzie, Graphics by Lewis Krauskopf; Editing by Dhara Ranasignhe and Deborah KyvrikosaiosOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Goldman Sachs, Nell Mackenzie, Lewis Krauskopf, Dhara Ranasignhe, Deborah Kyvrikosaios Organizations: New York Stock, REUTERS, Global, Treasury, Reuters, Graphics, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Here are 3 things to watch in the stock market after a very difficult week
▼ + stars: | 2023-10-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +10 min

MS YTD mountain Morgan Stanley YTD We certainly hope Morgan Stanley's numbers are as good as Friday's report from our other bank holding Wells Fargo (WFC). Morgan Stanley is expected to grow revenue by more than 2% year over year to $13.2 billion in the third quarter. During a recent conference, Morgan Stanley executives said that capital markets will likely improve in 2024. Shares of Morgan Stanley have struggled this year, dropping more than 8% compared to the S & P 500's nearly 13% advance in 2023. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, WTI, Jerome Powell's, There's, Patrick Harker, John Williams, Harker, Austan Goolsbee, Lorie Logan, Powell, Christopher Waller, Philip Jefferson, Waller, Jefferson, – Morgan Stanley, Gamble –, Morgan Stanley YTD, Morgan, Jim Cramer, Morgan Stanley, there's, Gamble, Jim, we'll, Charles Schwab, Goldman Sachs, Johnson, Philip Morris, — CNBC's Zev Fima, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow, Columbus Day, West Texas, Federal Reserve, Club, Fed, Market, Philadelphia Fed, New York Fed, Chicago Fed, Dallas Fed, United Auto Workers, General Motors, Chrysler, Ford, National Association of Realtors, Procter, Procter & Gamble, Natural Resources, Exxon Mobil, Coterra Energy, of America, United Airlines, Gamble, Housing, Netflix, Alcoa, American Airlines, Taiwan Semiconductor Manufacturing Company, Alaska Air, CSX, American Express, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Israel, U.S, New, Wells, KBW, Silicon, Manhattan, New York City

☆ Our takes on new Wall Street research analyzing 4 Club consumer stocks
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

There was lots of consumer stock research from Wall Street on Friday, including reports on Club names Costco (COST), Procter & Gamble (PG), beer maker Constellation Brands (STZ) and off-price retailer TJX Companies (TJX). HSBC also said Costco's premium stock multiple is worth it given management's strong execution, sustainable competitive advantages, and growth outlook. The analysts said that P & G has built "one of the strongest set of capabilities in the consumer staples sector." You will not see us trade Costco. TJX YTD mountain TJX Companies YTD In a note Friday, UBS sees department stores still losing share to off-price retailers in both sales and earnings before interest and taxes (EBIT) dollars over the next 10 years and beyond.

Persons: We're, Goldman Sachs, Goldman, Bill Newlands, Jim, TJX, It's, Jim Cramer's, Jim Cramer Organizations: Wall, Costco, Procter, Gamble, Constellation Brands, TJX Companies, HSBC, Coresight Research, Gamble YTD HSBC, Constellation, Modelo, Corona, Constellatio Brands, Elliott Management, UBS, Marshalls, Burlington, Ross Stores, CNBC, Corbis, Getty, & & $ Locations: U.S, Mexican, Maxx, Teterboro , New Jersey

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Goldman Sachs: 20 trades to make now using a strategy that has beaten the market over the last two decades
▼ + stars: | 2023-09-07 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Options trading may seem tricky, but Goldman Sachs has found a simple, profitable strategy. That options strategy is called overwriting. However, only one strategy has beaten the market for the last 18 years. This was a particularly effective strategy for stocks in the information technology and the consumer staples sectors. To that end, Marshall searched for stocks that have both a market cap within the top two-thirds of Goldman Sachs' stock coverage universe, as well as implied volatility in the top two-thirds of all the stocks Goldman Sachs analysts cover.

Persons: Goldman Sachs, John Marshall, Marshall, outperforming Organizations: Sharpe, Goldman

☆ Goldman Sachs: Buy these 50 stocks with low labor costs that can help investors hedge against inflation
▼ + stars: | 2023-08-27 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

David Kostin of Goldman Sachs noted that companies with low labor costs can resist high inflation. "Nonfarm payrolls increased by 187k in July and the unemployment rate fell to 3.5%, just 10 bp above its 50-year low," Kostin wrote. "As a result, its earnings would face a 1% EPS hit in the face of 100 bp acceleration in labor costs." In fact, Goldman Sachs has a sector-neutral basket of stocks with low labor costs that has underperformed the market year-to-date. The 50 stocks belonging to Goldman Sachs' low-labor-cost basket are below.

Persons: David Kostin, Goldman Sachs, Kostin, Jerome Powell, Powell Organizations: Federal Reserve, Co, Fed, Labor, Consumer Staples Locations: Jackson Hole , Wyoming, bullish

☆ These are Goldman Sachs' favorite AI plays for the long haul
▼ + stars: | 2023-08-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Artificial intelligence may only be in its early innings, but Goldman Sachs is naming its favorite stocks to benefit from this disruptive technology over the long haul. To find the winners and the company-specific earnings boosts from AI, Goldman first calculated the share of wage bill exposed to AI automation. Goldman found the potential earnings change from AI adoption by averaging the results from two scenarios. Outside the technology sector, Goldman Sachs highlighted Walmart and Walgreens Boots Alliance as potential winners within the consumer staples sector. AI could boost baseline earnings 44% overtime at Walmart, which last week lifted its full-year outlook due to heightened grocery and online spending.

Persons: Goldman Sachs, Goldman, Russell, Andy Jassy, Twilio, Jeff Lawson, CNBC's Michael Bloom Organizations: Amazon, CNBC, Software, Walmart, Walgreens Boots Alliance, Illumina, Occidental Petroleum

☆ Cramer says AI hype is hurting this group of stocks that should benefit from recession worries
▼ + stars: | 2023-08-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

The hype around artificial intelligence has crushed investor appetite for so-called recession stocks like Campbell Soup (CPB), CNBC's Jim Cramer said Tuesday. The broad-based S&P 500 index, for comparison, has climbed almost 15% in 2023, driven in large part by tech stocks. Cramer's Charitable Trust, the portfolio used for the CNBC Investing Club, owns six of the Magnificent Seven stocks. In addition Nvidia, Meta and Microsoft, the list includes Apple (AAPL), Alphabet (GOOGL) and Amazon (AMZN). "They just want AI and Magnificent Seven."

Persons: Campbell, CNBC's Jim Cramer, Cramer, Jim Cramer's Organizations: Nvidia, Microsoft, Consumer, Charitable Trust, CNBC, Club, Meta, Apple, Adobe, Marvell Technology, Broadcom

☆ Global money market funds draw big weekly inflows on investor caution
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, global money market funds drew investments worth a net $38.74 billion in the week ended July 26, the biggest amount since July 5. Reuters Graphics Reuters GraphicsThe U.S. and European money market funds attracted purchases worth $24.62 billion and $11.84 billion, respectively, on a net basis. Global equity funds drew about $1.3 billion worth of inflows after witnessing a weekly outflow of $2.2 billion the previous week. They also disposed of about $34 million worth of precious metal funds in their ninth weekly net selling in a row. Meanwhile, data for 24,115 emerging market funds showed bond funds received $1.14 billion, the biggest amount in three weeks, while equity funds had a third weekly net purchase worth about $157 million.

Persons: Kai Pfaffenbach, Gaurav Dogra, Patturaja, Varun Organizations: European Central Bank, REUTERS, Federal Reserve, Bank of Japan, Reuters Graphics Reuters, Global, Corporate, Thomson Locations: Frankfurt, Germany, Bengaluru

☆ Two Big Tech names and a luxury retailer made headlines. Here's our take on each
▼ + stars: | 2023-07-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Club holdings Meta Platforms (META), Microsoft (MSFT) and Estee Lauder (EL) all made headlines Thursday surrounding solid quarterly earnings, regulatory challenges and analyst downgrades. The Club remains highly bullish on these two Big Tech names, while continuing to muddle through with our embattled China-exposed cosmetics-retail play. Here's the latest developments at Meta, Microsoft and Estee Lauder — along with our take on the news. META YTD mountain Meta Platforms Inc. (META) year-to-date performance. Shares of Estee Lauder closed down 2.6% Thursday, at roughly $173 apiece.

Persons: Estee Lauder, downgrades, Estee Lauder —, Mark Zuckerberg, It's, Jeff Marks, Lauder, Jefferies, it's, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique Organizations: Meta, Microsoft, Big Tech, Inc, Union, EU, Wall, CNBC, Getty Locations: China, Asia

☆ 'Harder to find': Goldman Sachs names stocks with growth at a 'reasonable' price — and more
▼ + stars: | 2023-07-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Stocks with "reasonably valued" growth are becoming harder to find — given the increasing overlap between high-growth and expensive stocks, according to Goldman Sachs. First screen The first focused on stocks with growth at a reasonable price. SolarEdge Technologies : Investors can also look for strong growth from favorable geographic and end-market exposure. "Its refreshed, modern restaurant POS [point of sale] platform and new verticals should drive market share growth," Goldman analysts wrote. "We believe margins will remain in focus through 2023 and into 2024," Goldman said.

Persons: Goldman Sachs, Goldman, Goldman's, Johnson, Michael Bloom Organizations: Technologies, SolarEdge, BioMarin Pharmaceutical, Constellation Brands Locations: Europe, U.S

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