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☆ A lower-risk and lower-cost way to play increased electricity usage around the country
▼ + stars: | 2024-06-17 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

I'll review a way to play increased electricity use as electric vehicle adoption progresses around the country. Eversource Energy (ES) , a public utility holding company, operates in the electric distribution, electric transmission, natural gas distribution, and water distribution segments. It is involved in transmitting and distributing electricity, solar power facilities, and natural gas distribution. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts. ES 1Y mountain Eversource Energy, 1-year The stock hasn't traded particularly well recently, but that may present an opportunity.

Persons: I've Organizations: California Air Resources Board, Nvidia, Eversource Energy, Utilities, Energy Locations: California, United States, Los Angeles, Connecticut , Massachusetts, New Hampshire, Springfield , Massachusetts

☆ The Dow Jones will eclipse 100,000 on a 'turbo booster' combo of earnings growth and Fed rate cuts, Wall Street CIO says
▼ + stars: | 2024-06-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Interest rate cuts and continued earnings growth will power the Dow Jones to above 100,000 within the next decade. AdvertisementA powerful cocktail of earnings growth and interest rate cuts will serve as a "turbo booster" for stock prices and power the Dow Jones Industrial Average to over 100,000. And if the Fed doesn't cut interest rates this year, that won't derail Demmert's bullish forecast because earnings growth remains strong and resilient. "Yes, the AI tech stocks trade at much higher multiples than most stocks - but deservedly so given their premium growth rates," Demmert said. For the Dow Jones to hit 100,000, it would need to grow at a compounded annual growth rate of 11.2% over the next nine years.

Persons: Dow Jones, James Demmert, Demmert, — Organizations: Research, Service, Dow Jones, Street Research, Federal

☆ Apple jumps to a new high after AI unveil — plus, our latest thinking on 6 more portfolio stocks
▼ + stars: | 2024-06-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. "Notice where Stanley Black & Decker is when you have a good day for the bonds," Jim Cramer pointed out. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, you'll, Stanley Black, Decker, Dupont, Ed Breen, Jim, Eli Lilly, Eli Lilly Alzheimer's, Banks, Wells, Michael Santomassimo, Santomassimo, Morgan Chittum, We've, Tom Jorden, Coterra, Jorden, Jerome Powell, Jim Cramer's Organizations: CNBC, Longtime, Apple, Treasury, Club, DuPont, GE Healthcare, Huntington, Investing Club, Coterra Energy, Broadcom, VMware, Jim Cramer's Charitable

☆ Beyond the Magnificent 7: Morgan Stanley fund manager says diversify with these 2 stocks
▼ + stars: | 2024-06-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

But this heavy focus on just a few stocks has led one portfolio manager to urge investors to diversify, naming two stocks he thinks look particularly attractive. Dunn, who also holds the title of co-head of value equity at Morgan Stanley, said other stocks offered investors "a lot of opportunity," naming two he likes. Thermo Fisher Scientific Healthcare services and biotechnology company Thermo Fisher is another favorite for Dunn, who sees it as an industry leader and "supermarket of tools and analytics." "We think [Thermo Fisher is] really ready to sort of benefit from this as the year progresses." Shares in Thermo Fisher are up around 9.5% year-to-date and 12.8% in the last 12 months.

Persons: Nvidia, Aaron Dunn, CNBC's, Dunn, Morgan Stanley, They've, BJ's Organizations: Big Tech, Apple, Meta, Microsoft, Tesla, Morgan, Value, Costco Wholesale, Walmart, Sam's, Fisher Scientific Healthcare, . Value Locations: Morgan Stanley's, U.S, Fisher

☆ How Costco is expanding e-commerce on 3 fronts and what's next for the record-high stock
▼ + stars: | 2024-06-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Everybody, including Costco, is chasing Amazon, which accounts for 45% of all U.S. e-commerce sales, according to JPMorgan in a research note Monday. While unlikely to compete at the level of Amazon or Walmart online in the near future, Costco could carve out a lucrative e-commerce lane with its loyal, value-orientated customers. Engaged members want to spend more online at Costco "given the value/quality and cash back," the analysts added. Costco has an "incredible opportunity to better target customers and leverage its rich database of perfect data and is still in its early innings" of e-commerce, JPMorgan said. Adding to the e-commerce story, JPMorgan cited the Costco Logistics network, which has amped up "e-commerce fulfillment of bulky items."

Persons: Jim Cramer, Morgan Stanley, Gary Millerchip, Instacart, Jim Cramer's, Jim, John Keeble Organizations: Costco, JPMorgan, Walmart, Amazon, Target, Kroger, Costco Logistics, Logistics, CNBC, Lakeside, Getty Locations: Grays, United Kingdom

☆ Tech stocks like Nvidia and Apple have more room to run in June, analysts say
▼ + stars: | 2024-06-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Stocks like Nvidia and Apple have more room to run this summer, according to Wall Street analysts. They include: Broadcom , Uber, Apple, Datadog and Nvidia. Reitzes called Broadcom a "must-own" AI stock even as competition remains fierce from companies like Nvidia. We see Nvidia as one of the most attractive secular growth stories in large-cap semis." ... .Broadcom is one of the must-own AI stocks due to its leadership as a fabless semiconductor provider across many categories.

Persons: Ben Reitzes, Reitzes, Hock Tan, Tan, Koji Ikeda, Datadog, Ikeda, Oppenheimer, Jason Helfstein, Helfstein, Wells Fargo, Goldman Sachs, DDOG, Uber Organizations: Nvidia, Apple, Wall Street, Nasdaq, CNBC, Broadcom, Uber, Broadcom Melius, VMware, Bank of America, Melius Research, Retail Locations: AVGO

☆ The utilities sector is up 10% in 2024. These four names still have room to run, Morningstar says
▼ + stars: | 2024-06-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

"We think the market was ignoring and underappreciating what utilities can accomplish," Travis Miller, energy and utilities strategist for Morningstar, told CNBC. Eric Holcomb announced that Microsoft will be constructing a $1 billion data center in La Porte, Indiana. Another name that is due to see a boost from AI data center growth is WEC Energy. The tech giant already has a data center that is under construction in the area, which is expected to open in 2026. "Microsoft's first data center represents 1,000 [megawatts] of electricity load, or over 10% of WEC's current load in the state," wrote Morningstar analyst Andrew Bischof in May.

Persons: Travis Miller, Morningstar, Entergy, Eric Holcomb, Miller, NiSource, Andrew Bischof Organizations: Morningstar . Utilities, CNBC, WEC Energy, Duke Energy, Indiana Gov, Microsoft, NiSource, WEC Locations: Morningstar, Thursday's, La Porte , Indiana, NiSource, Virginia, Mount Pleasant , Wisconsin

☆ Crypto billionaire Michael Novogratz says bitcoin will surge above $100,000 this year as politicians warm up to it
▼ + stars: | 2024-06-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Crypto bull Michael Novogratz says bitcoin could top $100,000 by year-end. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBitcoin could break past $100,000 by the end of this year as political roadblocks come down, Galaxy Digital CEO Michael Novogratz told Bloomberg TV. There's been about 150 million on its way to $250 million in these crypto Super PACs," he said. As political obstacles clear, Novogratz expects it will lead to legislation that can spur crypto upside.

Persons: Crypto, Michael Novogratz, bitcoin, —, Novogratz, he's, We're, it's, There's, Donald Trump Organizations: Bloomberg, Service, Galaxy Digital, Securities and Exchange Commission, Innovation, Technology, Century

☆ Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says
▼ + stars: | 2024-06-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

It's likely to further appreciate due to a lack of progress in narrowing the deficit, Tentarelli said. Historically, gold prices have been inversely correlated with real bond yields, meaning when yields decline, gold should rally further. "Even if there's no rate cuts, I like gold based on the macro of deficit spending," the Merrill Lynch alum said. In that event, investors will want to hold the SPDR Gold Shares (GLD) ETF, Tentarelli said. But, for most, the "smartest way" to play gold is through the ETF, Tentarelli said.

Persons: Larry Tentarelli, Tentarelli, Merrill Lynch Organizations: Federal Reserve, Costco, Treasury, @HG, Copper Miners Locations: yawning, Freeport, McMoRan, Monday's

☆ The S&P 500 could climb 23% next year if Treasury yields fall and AI momentum stays strong, research firm says
▼ + stars: | 2024-06-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Falling yields and continuing excitement for AI could boost the S&P 500 to 6,500, the firm said. "This expectation that AI hype will increase and that Treasury yields will fall underpins our long-standing forecast for the S&p 500 to hit 6,500 by end-2025." But narrow stock market rallies have the potential to last years, Rielly said, suggesting the stock market run-up could continue for now. Warnings of a market bubble have proliferated as the S&P 500 notched a series of record-highs this year. Capital Economics has also warned of a stock market correction akin to the 1929 and dot-com crashes, which could begin in early 2026.

Persons: That's, —, Reilly, that's, Rielly Organizations: Capital Economics, Service, Treasury, Street, NVIDIA, Capital

☆ The fundamentals and technicals are aligning for these stocks, according to Piper Sandler
▼ + stars: | 2024-06-03 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

With equities ending May higher, Piper Sandler says everything is going right for a handful of stocks. M & T Bank Regional bank M & T made the Piper Sander list, with analyst Frank Schiraldi highlighting the stock's reversal of a long downward trend and its fresh 52-week high reached on May 15. The analyst added that Oracle has yet to fully capitalize on a growing artificial intelligence tailwind. Tractor Supply Shares of retailer Tractor Supply have surged more than 32% in 2024. "Tractor Supply Company possesses the attributes that the macro select model is targeting as prime for the current backdrop," the analyst said.

Persons: Piper Sandler, Piper Sander, Frank Schiraldi, Schiraldi, Brent Bracelin, Bracelin, Peter Keith, Keith Organizations: Piper, Federal, T Bank Regional, T Bank, Oracle, Oracle Corporation, ", Tractor Supply, Tractor Supply Company

☆ The bounce in long-suffering solar stocks could be for real, according to the charts
▼ + stars: | 2024-06-03 | by ( Katie Stockton | ) www.cnbc.com time to read: +6 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: TAN, Katie Stockton Organizations: Fairlead, CNBC Pro, Securities Locations: TAN

☆ American shoppers are tired. These companies are benefiting
▼ + stars: | 2024-06-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Just ask Ross Stores: America’s largest off-price retailer reported earnings and revenue that beat analysts’ forecasts last week. The US Labor Department releases April figures on job openings, quits, hires and layoffs. The US Commerce Department releases April figures on new orders for manufactured goods. The US Commerce Department releases April data on exports and imports. Friday: The US Labor Department releases May data gauging the state of the job market, including monthly payroll growth, wage gains and the unemployment rate.

Persons: Ross, “, ” Adam Orvos, ” TJX, TJ Maxx, LVMH Moët Hennessy Louis Vuitton, ” Clayton Allison, Allison, ” Allison, Brown Forman, Campbell Organizations: CNN Business, Bell, Washington CNN, Companies, Ross Stores, Marshalls, Burberry, Prime Capital Investment Advisors, CNN, Walmart, P Global, Institute for Supply Management, CrowdStrike, Hewlett Packard Enterprise, Body, US Labor Department, US Commerce Department, Bank of Canada, Autodesk, Smucker, DocuSign, Vail Resorts, European Central Bank Locations: Washington, North America, Europe, Australia, Americas, Zumiez

☆ Why you should buy the dip in stocks before next week's jobs report, Fundstrat says
▼ + stars: | 2024-05-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors should buy stocks ahead of next week's May jobs report, according to Fundstrat's Tom Lee. "We see high probability that stocks perform well into next week's May jobs report," Lee said. AdvertisementInvestors should buy the dip in stocks ahead of next week's release of the May jobs report, according to a Friday note from Fundstrat's Tom Lee. "Thus, we see high probability that stocks perform well into next week's May jobs report," Lee said. Such a report would match the April jobs report and likely put some pressure on the Fed to cut interest rates sooner than later.

Persons: Tom Lee, Lee, — Organizations: Service, Nasdaq, Dow Jones, PCE, Housing

Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.

Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's

☆ Aston Martin gets a boost from Formula 1 and new high-performance models
▼ + stars: | 2024-05-31 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

"We're now at a really transitional moment, with an inflection point for this company," Stroll told CNBC. Aston Martin has overhauled and improved manufacturing, shored up its financials to make investments in the future, and is now launching a fleet of new products defined by high-performance and luxury finishes. Aston Martin has teased a new super-powered V-12, expected to be called Vanquish, later this year. The $800,000 Aston Martin hybrid Valhalla. Courtesy: Aston Martin

Persons: Aston Martin, Lawrence, We're, James Bond, Aston, Aston Martin F1 Team Lawrence, Frederic Vasseur, Chris Graythen, It's Organizations: CNBC, Aston, Aston Martin F1 Team, Ferrari Team, of Miami, Miami, Autodrome, Aston Martin Locations: British, Miami , Florida

☆ Goldman Sachs names global ‘alpha’ stock ideas — and gives one nearly 60% upside
▼ + stars: | 2024-05-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Those searching for pockets of opportunities in the region can look to Goldman Sachs' selection of "alpha" stock opportunities. Goldman Sachs' list of opportunities include stocks with "deep value" and "defensive growth" characteristics. The company's shares are traded in the First Trust United Kingdom AlphaDEX Fund (1.2% weight) and Goldman Sachs ActiveBeta Europe Equity ETF (0.3%). 'Strong top-line prospects' Growth stocks the Wall Street bank is bullish on include those "with strong top-line prospects at reasonable growth-adjusted valuations." ASML: Goldman said the company has a "multi-decade competitive moat in High NA, which will be extremely difficult to replicate for the next 10-20 years at least."

Persons: Goldman Sachs, JD, Goldman, ASML, CNBC's Michael Bloom Organizations: Alpha, Sports Fashion, International Consolidated Airlines Group, ISS, First, United, AlphaDEX Fund, Equity, U.S . Global Jets ETF, NA, Euronext Amsterdam, Nasdaq Locations: U.S, Danish, Europe, Adyen

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Below $200 a share is the level we'd get interested in buying more Salesforce stock, Jim said. The industrial name will continue to be a beneficiary of the AI trade due to Eaton's booming data center business. Alphabet : If this mega-cap name experiences a move lower, investors should scoop up shares, Jim said. Nvidia : There's not much more to say about Nvidia in light of another blowout earnings report and the strong guidance accompanying it.

Persons: Jim Cramer's, Jim, Apple's, Goldman Sachs, Salesforce, We've, Danaher, he'd, Walt Disney, We're, Estee Lauder, Eaton, Ford, Motors, Mary Dillon's, It's, Linde, Eli Lilly, Mark Zuckerberg's, Morgan Stanley, we're, Stanley Black, we've, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Abbott Labs, Amazon Web Services, Broadcom, Dell, Samsung, Costco Wholesale, Coterra Energy, DuPont De Nemours, DuPont, The, Eaton, Ford, GE Healthcare, Honeywell, Jim, Linde, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Change, Procter & Gamble, Constellation Brands, Constellation, Modelo, Corona, Federal Reserve, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Dover, Eaton, U.S, Maxx, HomeGoods, Wells Fargo, Macau, New York City

☆ Analysts defend Salesforce, saying the sell-off is overdone and AI impact is ahead
▼ + stars: | 2024-05-30 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn't keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce executives tied the disappointing results to elongated deal cycles throughout the first quarter that hit the company's booking schedule. Weiss reiterated an overweight rating on Salesforce, albeit with a $320 per share price target, down from $350. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Salesforce stock, but lowered his price target to $315 per share from $345. The analyst reiterated an overweight rating on the stock with a $300 per share price target, or about 10% upside from yesterday's close.

Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Keith Weiss, Weiss, Kash Rangan, Rangan, Mark Murphy, Tyler Radke, Radke Organizations: Wall, JPMorgan, Citigroup Locations: Salesforce, CY25

☆ 5 reasons the stock market is headed for a 4% gain in June, according to Fundstrat
▼ + stars: | 2024-05-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The S&P 500 is primed to rise 4% in June, according to Fundstrat's Tom Lee. AdvertisementThe stock market is poised to rise another 4% in June after jumping 5% in May, according to a Tuesday note from Fundstrat's Tom Lee. Lee said the S&P 500 could jump to 5,500 within the next month, driven by five positive market catalysts. Such a gain would send the S&P 500 to new all-time highs. But Nvidia's blowout earnings results last week could jolt investors to finally put that cash to work and buy stocks, according to Lee.

Persons: Tom Lee, Lee, — Organizations: Service, PCE, CPI, Bank of America

☆ Super Micro Computer shares were choppy after Nvidia earnings. Here's where analysts see it going
▼ + stars: | 2024-05-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Super Micro Computer emerged as an investor darling early this year, as Wall Street unearthed the stock, driving it higher with gains that rivalled even Nvidia's. After Nvidia reported blockbuster earnings last Wednesday, Super Micro's shares were rocky again. The prominence of data centers in the AI boom is another tailwind for Super Micro, BofA noted, given the cooling needs of such centers. BofA reiterated its buy rating on Super Micro, giving it a price target of $1,090, or potential upside of about 23%. In a May 20 note, JPMorgan said it has an overweight rating on Super Micro.

Persons: BofA, Supermicro, Paul Meeks, Meeks, JPMorgan, — CNBC's Michael Bloom Organizations: Micro, Super, Nvidia, Wall, Portfolio Management, CNBC, JPMorgan, Intel, AMD Locations: United States

Meanwhile, JPMorgan upgraded Huntington Bancshares to overweight from neutral, with a price target that implies upside of 31%. Analyst Scott Hanold's $90 price target implies that shares of Civitas could rise 25% from here. These two headwinds combined together could create near-term pressures for the stock by limiting Zscaler's billings growth, the analyst wrote. Nowinski's price target of $182, down from $275, implies the stock could rise 6% from here. The bank upgraded shares of the cruise operator to buy from neutral and lifted its price target to $24 from $21.

Persons: Mizuho, Scott Hanold's, Hanold, — Lisa Kailai Han, Wells, Andrew Nowinski, F4Q24, Nowinski, Patrick Cunningham, Cunningham, Lisa Kailai Han, Andrew Boone, Boone, Max, Duolingo, Ben Chaiken, Jan, Chaiken, Steven Alexopoulos, Alexopoulos, Huntington, Fred Imbert Organizations: CNBC, Cruise Line, JPMorgan, Huntington, RBC, Civitas Resources, RBC Capital Markets, Citi, DuPont DuPont, DuPont, Max, Mizuho, Cruise Locations: DAU, Mizuho, Norwegian, Huntington Bancshares, Columbus , Ohio, Friday's

☆ Jefferies says small caps are starting to outperform and these stocks are the best way to play it
▼ + stars: | 2024-05-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The time may have finally come for small-cap stocks to have their moment in the sun, according to Jefferies. "We have seen some improvement in absolute and relative performance and think we could have hit an inflection point," wrote Jefferies strategist Steven DeSanctis. Still, he said there's one caveat: small-cap earnings look weak on an absolute basis. "As the year rolls along, small-cap earnings are set to broaden, accelerate, and play a game of catch-up with large." Jefferies' price target of $140 is nearly 32% higher than where shares of ArcBest closed on Thursday afternoon.

Persons: Jefferies, Steven DeSanctis, Schrodinger Organizations: Nvidia, Boston Beer, Boston, Software, pharma, . Trucking Locations: ArcBest

☆ These AI plays are still cheap even after this year's incredible Nvidia-driven bull run
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

That said, there are still some opportunities to buy AI stocks on the cheap. The stock's current forward price-to-earnings multiple at 20.1 is only slightly below its five-year average of 21.20. It is also cheap — the stock's current forward price-to-earnings multiple at 150.08 is significantly below its five-year average of 761.17. The stock is also trading at a discount to its five-year average, with a forward price-to-earnings ratio of 16. Other favored AI plays that meet the aforementioned criteria include Equinix , Adobe and Western Digital Corp .

Persons: Wall, Morgan Stanley, Snowflake, Tyler Radke, Joseph Moore, FactSet Organizations: Nvidia, Nasdaq, Dow Jones, CNBC Pro, Meta, Facebook, Citi Research, Micron Technology, Micron, Adobe, Western Digital Corp

☆ Japanese stocks are rallying this year. But one key group of investors is missing
▼ + stars: | 2024-05-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Japanese stocks are enjoying a banner year, with foreign investors plowing into the market. Japanese investors are hesitant Japanese investors have long been skeptical of the local stock market after the asset price bubble burst in the early 1990s. Another reason Japanese investors may not be as keen on their domestic market could be the yen falling sharply. Outlook for Japanese stocks still strong Despite the recent bout of selling from local investors and the market's recent struggles, many global investors remain bullish on Japanese stocks. This is another "slow-moving but important tailwind to Japanese stocks," with more room to run, according to Zachary Hill, Horizon Investments head of portfolio management.

Persons: Goldman Sachs, Morgan Stanley, Kishida, Julian McManus, Janus Henderson, Bernstein, Zachary Hill, Raymond Chan, Chan, McManus, he's, Warren Buffett Organizations: Japan Exchange Group, Nikkei, Bank of Japan, U.S ., Ministry of Internal Affairs and Communications, Investment, Association, Prime, Nippon, Savings, U.S, Horizon Investments, Federal Reserve, Asia Pacific, Allianz Global Investors, Mitsui, Itochu, Sumitomo Locations: U.S, Japan, Asia

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