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☆ RBC's top stock ideas for the rest of the year include First Solar
▼ + stars: | 2024-07-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

As the third quarter kicks off, RBC Capital Markets added a solar company and oil giant to its list of Top 30 Global Ideas for 2024. RBC's list includes the firm's highest-conviction stocks offering strong, long-term upside potential that its analysts view as "well-positioned in the current environment." For the third quarter, RBC added solar solutions provider First Solar , oil giant Shell and global logistics provider Brambles to its list. The bank also removed Mastercard and Alnylam Pharmaceuticals , which was its best-performing stock in the group last quarter. Digital payments stock PayPal is another RBC pick, with its price target suggesting 42% potential upside over the next year.

Persons: Graeme Pearson, CrowdStrike, Matthew Hedberg, Hedberg, Daniel Perlin, Brambles Organizations: RBC Capital Markets, RBC, Mastercard, Alnylam Pharmaceuticals, Big Tech, Pearson, PayPal, Shell, Australian, RBC . Locations: U.S

☆ This under-the-radar tech stock is a Gen AI 'enabler,' and analysts give it 40% upside
▼ + stars: | 2024-06-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Informatica , a U.S.-listed software developer, is well-positioned to benefit from the rise of artificial intelligence, according to analysts at Scotiabank. The California-headquartered firm last month launched its AI model — CLAIRE GPT — which is designed to help businesses use their data for generative AI applications. Generative AI, or GenAI, is the technology behind the hugely popular chatbot ChatGPT and other similar products. According to FactSet, the average price target of 16 analysts points to a 39% upside for the stock. RBC Capital analysts expect the stock to rise by 43% to $41 a share over the next 12 months.

Persons: CLAIRE GPT, Patrick Colville, FactSet, Matthew Hedberg, Salesforce Organizations: Scotiabank, The, RBC Capital, Microsoft, Data Management, RBC, Wall Street Journal Locations: Informatica, U.S, The California, Snowflake

☆ Top Wall Street analysts are optimistic on the outlook for these 3 stocks
▼ + stars: | 2024-06-09 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

At the same time, Wall Street analysts continue to focus on picking individual stocks that can thrive even in the face of short-term pressures and deliver attractive, long-term returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Burlington StoresOff-price retailer Burlington Stores (BURL) is this week's first pick. Tarlowe noted that the expansion in Burlington Stores' gross and operating margins helped drive better-than-expected earnings in the first quarter. (See Burlington Stores Stock Charts on TipRanks)AmazonE-commerce and cloud computing company Amazon (AMZN) is also a top pick.

Persons: Jefferies, Corey Tarlowe, BURL, Tarlowe, TipRanks, Ivan Feinseth, there's PagerDuty, Matthew Hedberg, Hedberg Organizations: Burlington Stores Inc, Federal Reserve, Wall Street, Burlington, Burlington Stores, Amazon Web Services, AWS, RBC Capital, Department of Veteran Affairs Locations: Burlington, New York, U.S, Jersey, billings .

☆ Tech layoffs are way down from last year. Why does it feel so grim?
▼ + stars: | 2024-02-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

2024 has started with another wave of tech industry layoffs. AdvertisementIn early 2023, a decade of abundance came to a painful end for many tech workers. Software job postings are also relatively healthy, suggesting that tech companies are still hiring even as they shed other workers. AdvertisementSmall, continual job cutsSo why does it still feel so grim across the tech industry? This year, there's small, continual job cutting by many tech companies, rather than a single huge round of layoffs.

Persons: Matt Hedberg, it's, Amazon, Meta, Mark Zuckerberg, hadn't Organizations: Google, RBC Capital Markets, Pharmacy

UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.

Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock

☆ A.I. could serve as the next major catalyst for these cybersecurity stocks. Here’s why
▼ + stars: | 2023-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

While a major headache for customers and businesses alike, the emergence of sophisticated AI attacks could serve as a major boon for cloud companies operating in the cybersecurity space. For many years, cybersecurity cloud companies have harnessed AI and machine learning to stop attacks, monitor suspicious activity and protect businesses. .IXIC YTD mountain Nasdaq Composite so far this year As investors dip back into the technology sector, cybersecurity stocks across have risen across the board, with the First Trust NASDAQ Cybersecurity ETF (CIBR) up about 7.5% this year. Cybersecurity providers CrowdStrike and Palo Alto Networks are up 25.6% and 38.5%, respectively, year to date. "The basket of cloud and cybersecurity stocks offers something for everyone," Eyal said.

☆ These stocks have the most upside in the second-quarter, analysts say
▼ + stars: | 2023-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through the most recent quarterly research reports to find stocks with upside as the new quarter gets underway. They include: Simon Property, Spotify , Netflix , Enphase and Palo Alto Networks. Palo Alto Networks The cybersecurity company is firing on all cylinders, RBC said earlier this week in its top second-quarter picks note to clients. Hedberg believes Palo Alto has a unique opportunity to take share in a rapidly burgeoning field. ... .We view Palo Alto as well positioned to benefit from an increasingly complex security and threat landscape and as an industry leader in security."

☆ RBC: Buy these 17 future AI winners as the technology begins to transform the world
▼ + stars: | 2023-03-26 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

RBC says that AI is one of the most transformative developments in tech in the last 20 years. The firm's tech analysts explained which stocks they think will benefit the most from generative AI. They added that in many cases, the "rising tide" of AI will benefit broad swaths of the market. But it's not just the established tech titans that can profit from the advent of AI technology. Those companies are below, along with their tickers and commentary about each provided by the RBC analysts.

☆ Swedbank books $3.7 mln provision over US investigation
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

OSLO, March 10 (Reuters) - Swedbank (SWEDa.ST) will book a provision of 40 million Swedish crowns ($3.72 million) related to an investigation by the U.S. Office for Foreign Assets Control (OFAC) over the bank's "historical shortcomings", the bank said on Friday. The U.S. Treasury's OFAC is investigating "transactions that the bank has notified the authority about", Swedbank said in a statement. "Swedbank is holding separate discussions with them through our U.S. legal advisors," it added. The investigations are at different stages and the bank cannot at this time determine any financial consequences, nor when the investigations will be completed. ($1 = 10.7476 Swedish crowns)Reporting by Terje Solsvik, editing by Essi LehtoOur Standards: The Thomson Reuters Trust Principles.

☆ After a brutal year, RBC says investors should buy these 13 top tech names to get a head start on a recovery in 2023
▼ + stars: | 2022-11-27 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

In a rough year for markets, tech stocks have been notably poor performers. That's affected growth rates for many companies — and that, too, worked out unfavorably for tech. The event featured conversations with more than 100 executives from industries, including software, internet, advertising technology, media, and payments processing. One comment in particular about what investors want to see from software companies summed up the general tone for most of tech. The following stocks are the top picks of RBC analysts covering tech stocks.

☆ Sheng Wang's clean humor can make anyone laugh, 'from grandmas to porn stars,' he says
▼ + stars: | 2022-10-06 | by ( Diep Tran | ) www.nbcnews.com time to read: +6 min

That’s because Wang’s notoriety has just increased substantially, following his first-ever Netflix comedy special, “Sweet and Juicy.” Then again, Wang admits that it’s pretty easy to recognize him these days thanks to his look. But on “Sweet and Juicy,” Wang sports a goatee and a shoulder length mane of black hair. As Wang puts it, “It’s a look!” His hair grew out during the pandemic and he just didn’t cut it. And yet, he’s still surprised at how much his comedy special has resonated, not just with other Asian Americans, but with a diverse array of people. “It’s just all kinds of people at different ages, different careers, different parts of society, parents and their children, from grandmas to porn stars,” says Wang.

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