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CNBC Pro asked three fund managers for their stock picks to to buy now and hold for the longer term. The average price target for PepsiCo is $186.77, according to FactSet data, giving it potential upside of 6.7%. According to Factset data, of 30 analysts, 18 give the stock a buy or overweight rating while 12 have a hold rating. According to FactSet data, of 18 analysts, 14 give the stock a buy or overweight rating, three have a hold rating and one has a sell rating. The average price target for PDD is $180.12, according to FactSet data, giving it potential upside of 54.9%.
Persons: David Dietze, PepsiCo Dietze, Dietze, Bud Light, Michael Field, Edenred, Jason Hsu, Hsu, OpenAI, Elon Musk, Sam Altman, Greg Brockman, Altman Organizations: Wealth Management, CNBC Pro, PepsiCo, Coca Cola, Anheuser, Busch, Brussels Stock Exchange, New York Stock Exchange, Euronext Paris Stock Exchange, Microsoft, Rayliant Global Advisors, OpenAI, Nasdaq Locations: Belgian, U.S, South America, Europe, Edenred, China
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street lowerU.S. stocks closed lower Monday taking a breather from a rally sparked last week after the Federal Reserve stuck to its rate-cut forecast. Trump Media to start tradingThe company behind former President Donald Trump's social media platform Truth Social, will start trading on Tuesday. Called Trump Media & Technology Group Corp., it will trade on the NASDAQ under the stock ticker symbol DJT. That's according to David Dietze, managing principal and senior portfolio strategist at Peapack Private Wealth Management.
Persons: Dow, Bitcoin, Jane Street, Donald Trump's, Trump, David Dietze Organizations: CNBC, Federal Reserve, Nasdaq, Investment, HOF Capital, Ford Foundation, Fidelity . Trump Media, Trump Media & Technology Group Corp, NASDAQ, Nvidia, Wealth Management Locations: UAE, Britain, China, Beijing
CNBC Daily Open: Inflation isn't coming down fast enough
  + stars: | 2024-03-26 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Indian bonds on global indexesIndian bonds are set to be added to global indexes which could be a gamechanger for the country. Trump Media to start tradingThe company behind former President Donald Trump's social media platform Truth Social, will start trading on Tuesday. Called Trump Media & Technology Group Corp., it will trade on the NASDAQ under the stock ticker symbol DJT.
Persons: Patria Stodghill, vender Susan Mendoza, Donald Trump's, Trump, David Dietze Organizations: Patria, Washington , DC, CNBC, CSI, Federal Reserve, Dow, Nasdaq, Bloomberg, Services, China Apple, Wedbush Securities, Huawei, Apple, Trump Media, Trump Media & Technology Group Corp, NASDAQ, Nvidia, Wealth Management Locations: Washington ,, South Korea, Seng, China
Instead, the veteran wealth manager is now looking for stocks in growth sectors that look "reasonably valued." He said the pharmaceutical, real estate, energy and financial sectors were on his radar, and named four stocks that stand out. Pfizer Pharmaceutical company Pfizer — well known for its Covid-19 vaccine — is betting on cancer drugs , following its $43 billion acquisition of Seagen last year . Over the last 12 months, shares of Comerica are up around 28%, although they are down 7.5% year-to-date. According to Factset data, analysts' average price target on the stock is $59.45, giving it around 15% potential upside.
Persons: David Dietze, Dietze, , Schlumberger —, Dietze's, SLB Organizations: Nvidia, Wealth Management, Pfizer Pharmaceutical, Pfizer, CNBC Pro, Schlumberger, Comerica Locations: Seagen, U.S, SLB, Canada
And hedge fund manager David Neuhauser of Livermore Partners told CNBC's " Street Signs Asia " that the "best asset class" is oil stocks. Typically, in a recession, oil prices could dive to $50 a barrel, he said. Stocks to buy Neuhauser said Livermore owns small-cap energy stocks Kolibri Global and Vista Energy — because of limited supply and strong returns on capital, as well as low valuations. Still, energy stocks are an option for investors seeking inflation protection, Dietze said. He said energy stocks are "a far superior alternative" to Treasury Inflation-Protected Securities.
Persons: BofA, David Neuhauser, CNBC's, Neuhauser, Livermore, David Dietze, Dietze, Warren Buffett's Berkshire Hathaway, subsector, That's, — CNBC's Michael Bloom Organizations: Livermore Partners, Vista Energy, Wealth Management, Exxon, Mizuho, Securities, Dominion Energy Locations: Chevron, U.S, Wednesday's, Saudi
Treasury yields and stocks have more upside ahead, according to some Wall Street investors, and annuities are yielding more than ever. So if you're nearing — or already in — retirement, which offers the best source of income? Stocks vs. annuities David Dietze, senior investment strategist at Peapack Private Wealth Management, recommended annuities and stocks — with some caveats. Right now, however, Rekenthaler said he would go for annuities, bonds or funds because real interest rates are high. Treasurys Samana of Wells Fargo Investment Institute said she likes Treasurys best — given the firm's expectations of a recession.
Persons: David Dietze, Dietze, John Rekenthaler, Rekenthaler, Samana, Morningstar Organizations: CNBC, Wealth Management, Morningstar, Securities, Wells, Wells Fargo Investment Institute, ExxonMobil, Shell Locations: Wells Fargo, U.S, Samana
Should investors buy into A.I? Watch the bull versus bear case
  + stars: | 2023-05-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShould investors buy into A.I? Watch the bull versus bear caseJason Ware of Albion Financial Group and David Dietze of Peapack Private Wealth Management discuss the bull and bear case for investing in artificial intelligence, and how to play the trend, including stock picks.
But it's also had its detractors , and some analysts have warned of the risks of investing in AI. One example is Meta, which has jumped over 100% this year partly as a result of its pivot from the metaverse to AI, Dietze said. How to invest Dietze and Ware agree on one thing: Avoid investing in pure-play AI companies. For such larger tech companies, AI is only going to be a small part of total revenues and profits — so it's safer, although returns will be more muted, he said. Ware added, "Forget making bets on 'pure play' AI companies with no earnings, no moat, and now [higher] costs of capital.
That puts the index in a technical bull market — widely defined as a gain of at least 20% from a 52-week low. That outperformance is getting investors excited and is prompting talk that a new bull market is in the cards. But market veteran David Dietze said he believes the stock market is getting ahead of itself. "Others have trouble calling a market movement a new bull market until the market at least attains its prior all-time high point. How he's positioning For starters, he said, investors should remain invested in the stock market, despite the appeal of higher-yielding money market funds and short-dated Treasurys.
Top of mind, however, is undoubtedly the path of interest rate hikes, with market pros nervously looking to the Federal Reserve's next rate decision on Mar. Anastasia Amoroso, chief investment strategist at iCapital, believes the "biggest market risk" right now is the Fed raising the terminal rate to a range of 6% to 6.5%. One obvious area fixed income, with Ma Yung-Yu, chief investment strategist at BMO Wealth Management, calling the asset class a "welcome relief and benefit to the portfolio." David Dietze, managing principal at Peapack Private Wealth Management, believes investors should "stay the course" in stocks. He noted that stock prices are "off their highs" — and the market has never failed to rebound to new highs.
Investors are flocking back into tech, after shunning the sector for the better part of 2022 amid broad risk-off sentiment. The tech-heavy Nasdaq Composite has been the best-performing Wall Street index in 2023, having gained about 15.6% since the start of the year. This could be the rebound," Wang told CNBC's "Street Signs Asia" on Thursday. " Some 87% of analysts covering the stock rate it a "buy," according to FactSet data, and give it average upside of 10.3%. Christopher Crawford, managing partner at Crawford Fund Management, told CNBC's "Street Signs Asia" on Tuesday that his firm is overweight tech "for the first time in our 10-year history."
I personally like short-dated corporate bonds, which are yielding close to 5%," he told CNBC's "Street Signs Asia" on Monday. "[It] would be a very quick, convenient way to diversify your money over a wide range of highly-rated corporate bonds. And that way, it's … a short term defensive move. The ETF's 12-month trailing yield – the yield investors receive if they held the fund for the last 12 months – is at 3.07%. Stock picks If investors are still interested in stocks, Dietze says that some energy and cyclical stocks still looked appealing.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShort-term, defensive measures are warranted in this market, says strategistDavid Dietze, chief investment strategist at Point View Wealth Management, likes short-dated corporate bonds, which are yielding close to 5% right now, and names one ETF to buy.
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