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Top related persons:
Manish Kabra - 2 Kabra - 2 — CNBC's Michael Bloom - 1 Société - 1 — - 1 Société Générale - 1 SocGen - 1 It's - 1
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Bank of America - 2 Federal Reserve - 2 Generale - 1 CNBC Market - 1 Survey - 1 UBS - 1 Nasdaq - 1 Service - 1

Search resuls for: "Manish Kabra"


6 mentions found


☆ Societe Generale raises S&P 500 target for 2024, citing the artificial intelligence boom
  + stars: | 2024-03-21 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Societe Generale is raising its 2024 S & P 500 target thanks to the enthusiasm surrounding the contribution artificial intelligence will make to corporate profits. The S & P 500 closed Wednesday at 5,224.62. "We upgrade our S & P 500 target on rational optimism," Manish Kabra, head of U.S. equity strategy at the bank, wrote in a Thursday note. To be sure, Kabra raised his S & P 500 earnings outlook to 18% in 2024 from 15% previously, but anticipates a slowdown in earnings growth expectations in the second half of the year. The higher S & P 500 target is "on the back of the artificial intelligence boom in 2024," Kabra wrote.
Persons: Manish Kabra, Kabra, — CNBC's Michael Bloom Organizations: Generale, CNBC Market, Survey, Bank of America, UBS, Nasdaq, Federal Reserve
☆ The S&P 500 will trade near its all-time high before a recession drags it down again in a topsy-turvy 2024, Société Générale says
  + stars: | 2023-11-23 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
The S&P 500 will climb higher in the first quarter but then plunge 12%, the French bank said. AdvertisementGet ready for an up-and-down 2024 where the S&P 500 nears record highs, plunges, and then stages another comeback, Société Générale says. "The S&P 500 should be in 'buy-the-dip' territory, as leading indicators for profits continue to improve." The S&P 500 traded at 4,556 as of Wednesday's closing bell. Goldman Sachs' David Kostin said earlier this month that he's expecting the S&P 500 to trade at 4,700 points by the end of 2024.
Persons: Société, —, Société Générale, SocGen, Manish Kabra, It's, Kabra, who's, Goldman Sachs, David Kostin, he's Organizations: Service, Federal Reserve, Big Tech, Wall, Bank of America, RBC Capital Markets
☆ Wall St Week Ahead Artificial intelligence gives real boost to U.S. stock market
  + stars: | 2023-05-19 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +4 min
NEW YORK, May 19 (Reuters) - Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also providing a big boost to the stock market. About 25% to 50% of those gains are owed to "the buzz around artificial intelligence," she noted. Indeed, optimism over AI is a key factor supporting a stock market facing numerous headwinds. His firm owns shares of Microsoft, Nvidia and Alphabet.
☆ AI boom could expose investors’ natural stupidity
  + stars: | 2023-05-19 | by ( Felix Martin | ) www.reuters.com   time to read: +7 min
Indeed, enthusiasm about AI has become the one ray of light piercing the stock market gloom created by the record-breaking rise in U.S. interest rates. It’s a good moment for investors to be especially alert to the tendency of natural stupidity to drive stock market valuations to unrealistic – and therefore ultimately unprofitable – extremes. However, the most important lessons of behavioural economics relate to a more fundamental question: Will the new generation of AI do what it promises? Behavioural economics offers some cautionary tales for such attempts to apply AI in the wild. For example, stock market returns can be affected by a small number of rare but extreme movements in share prices.
☆ Russian oil is still flowing in huge volumes even as EU sanctions and a price cap are less than a week away.
  + stars: | 2022-11-30 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
European governments still can't agree on a price cap for Russian oil even as the December 5 deadline is less than a week away. Poland, for example, is committed to a $30 price cap. Even with a price cap of, say, $65, it's unclear whether that can really make an impact, given that Russia's flagship crude oil — Urals grade crude — is trading 20% below that level already. Despite the West's repeated condemnation of Russia and President Vladimir Putin, Russia remains Europe's largest single refined oil products supplier. A) The West agrees to a price cap above $40B) The West agrees to a price cap below $40C) The West does not agree to any price capLet me know on Twitter (@philrosenn) or email me (prosen@insider.com).
☆ Give up on a traditional 60-40 portfolio in 2023 and adopt this unconventional allocation, according to a US stock chief for French financial giant SocGen
  + stars: | 2022-11-29 | by ( Marley Jay | ) www.businessinsider.com   time to read: +5 min
Kabra laid out his strategy for investing in stocks, bonds, and credit. People have argued for years that a traditional 60% stock and 40% bond portfolio no longer makes any sense. A multi-decade bull market in bonds translated to high prices and low yields, while stock market returns were outstanding. If the purpose of the traditional portfolio was for bonds to provide stability and keep investors' money safe during tough times, it didn't work. Kabra explained that he's cut his stock allocations to barely half of what the 60-40 formula recommends.
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