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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's Worldwide Developer Conference keynote on Monday is expected to herald some major announcements from the tech titan. This year's WWDC has been highly anticipated by analysts, investors, and beyond, who all want to know what CEO Tim Cook will reveal about Apple's generative artificial intelligence efforts. Other changes Apple is expected to unveil include updated Mac, iPad, and Vision Pro operating systems, AI-generated emojis, and a complete overhaul of Siri.

Persons: —, Tim Cook, Dan Ives, OpenAI, Siri Organizations: Service, Business, Apple, Wedbush Securities, Bloomberg, Vision Pro

☆ Can Tim Cook sell you a new iPhone based on Apple's new AI features? It's a huge question for the company.
▼ + stars: | 2024-06-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +6 min

That's the scenario Apple sketched out Monday, when it tried to explain how it was integrating AI into its ecosystem. But it's also a very real problem for Apple since Apple is in the business of selling expensive, high-margin hardware. AdvertisementBut I do have a third, vibes-based theory about why the AI that Apple showed off didn't blow me away. And during Apple's Monday demo, the company played on both sides of that line: It would tell you that Apple's AI could instantly make your writing better. In Apple's framing, that's AI that's helpful, but not creepy; immediately useful, but not too disruptive.

Persons: —, Apple, it's, we've, Tim Cook, Craig Federighi Organizations: Service, Business, Apple, iPhones, AIs Locations: emojis

☆ Pressure grows on Germany's Scholz after election drubbing by the far right
▼ + stars: | 2024-06-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The SPD lost support from the 2019 election, winning just 13.9% of the latest votes. Incremental gains meanwhile turned Germany's opposition, the CDU (Christian democrats), into the strongest party, with 23.7% of support. At a national level, the AfD was last ahead of the SPD and in second place overall, according to a leading general election poll. Earlier this year, one of Krah's employees who was based in the European Parliament was arrested for allegedly spying on the parliament for China. watch nowThe AfD's second-in-line for the European Parliament, Petr Bystron, faced allegations of bribery and money laundering, which were linked to Russia and to spreading pro-Kremlin propaganda.

Persons: Olaf Scholz, Koenig Heinrich, Ying Tang, Maximilian Krah, Krah, Petr Bystron, What's, Scholz, Marcel Fratzscher, Scholz's, Emmanuel Macron, Fratzscher, Holger Schmieding Organizations: SPD, Union, Scholz's SPD, Greens, CDU, Nazi regime's SS, Parliament, ZDF, German Institute for Economic Research, CNBC, Deutsche Bank Locations: Duisburg, Germany, France's Rassemblement, China, Russia

☆ CNBC Daily Open: Far-right makes gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +4 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. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package. Despite a recent 2% drop in Aramco's stock and pressures on global oil prices, the offering attracted strong international demand.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Prince Mohammed bin, Aramco's, Morgan Stanley, there's Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Saudi, Nvidia Locations: Europe, freefall, Saudi Arabia, Aramco, Saudi

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

We have everything you need to know on how to watch the French Open final from anywhere for free. If you don't mind an earlier start, join us in doubling up on free French Open final live stream action for the day. Where to watch Alacaraz vs. Zverev in the USThe French Open men's finals will air on NBC on Sunday at 8:30 a.m. Shop at Peacock TVWhere to watch Alcaraz vs. Zverev in AustriaThe French Open men's finals will be available to live stream on Servus TV in Austria. Where to watch Alcaraz vs. Zverev in FranceThe French Open live streams on France TV for free in France.

Persons: you'll, Carlos Alcaraz, Nadal, Federer, there's, Alexander Zverev, yesterday's, Iga Swiatek, Jasmine Paolini's, Jasmine Paolini, Peacock, Australia 9Now, Stan Sport, 9Now, ExpressVPN Organizations: Business, Wimbledon, NBC, Paris Olympics, Austria The Locations: Zverev, Austria, France, Australia

☆ With EVs, Honda may be North America's most committed automaker, for the moment
▼ + stars: | 2024-06-09 | by ( Kevin Williams | ) www.cnbc.com time to read: +6 min

While missing a host of brands, this year's edition of the Los Angeles Auto Show debuted a range of new models. But at least one automaker says it is ramping up its North American EV strategy in 2024: Honda Motor Company. Honda's EV moves come against the backdrop of EV pullbacks from other major auto manufacturers; and in some cases, shelved EV plans altogether. GM itself is playing a key role in the first mass-market EV Honda is introducing, the Prologue. The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California.

Persons: Josh Lefkowitz, Ford, Bob Nelson, Nelson, BEV, It's, Honda, Cliff Banks, Banks, Mary Barra, Jenni Newman, Kelley Blue, Tesla, Newman Organizations: Angeles Auto, Los Angeles Convention Center, Los Angeles Auto, Getty, Honda Motor Company, Canadian EV, pullbacks, GM, American Honda Motor Co, Honda, EVs, Banks, Auto, NBC News, EV Honda, Acura, Subaru Locations: Los Angeles , California, Canadian, Ohio, American, Canada

☆ European voters head to the polls on final day of EU election
▼ + stars: | 2024-06-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

This photograph shows European countries' flags waving in front of the European Parliament building in Strasbourg, eastern France, on June 6, 2024. Over 400 million people are eligible to vote for the 720 members of the European Parliament (MEPs). Voter turnout was just above 50% in the last EU election of 2019, according to official data. This includes Dutch nationalist Geert Wilders' anti-immigration party, which recorded significant gains in Thursday's Netherland's EU election, according to the latest exit polls. The European Parliament

Persons: SEBASTIEN BOZON, Sebastien Bozon, Geert Wilders, Wilders Organizations: Getty, Afp, Union, EU, Parliament, Thursday's Netherland's EU, Labour, Green, Party for Freedom Locations: Strasbourg, France, AFP, Austria, Belgium, Germany, Malta, Greece, Europe, Thursday's Netherland's, Netherlands, Czech Republic, Latvia, Slovakia, Ireland

☆ Far-right, nationalist parties gain strong support in European Parliament election
▼ + stars: | 2024-06-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEarly results for the European Union's parliamentary elections reveal a surge in support for far-right and nationalist parties, according to multiple reports. AdvertisementAP noted that since the 2019 European Parliament elections, far-right politicians have led in Hungary, Italy, and Slovakia and are part of ruling coalitions in Sweden, Finland, and the Netherlands. The parties have gained support in large part due to anti-immigration and anti-LGBTQ+ sentiment, as well as policies focused on nationalism and identity, The Times reported. Representatives for the European Parliament did not immediately respond to a request for comment from Business Insider.

Persons: —, Emmanuel Macron, Marine, Pen, Macron's, Macron, Olaf Scholz Organizations: Service, European, EU, The New York Times, Business, Sunday, France's National Assembly, National, Street, Associated Press, Germany's Social Democratic, Times, European Union Locations: France, Germany, France's, Italy, Belgium, Austria, Hungary, Slovakia, Sweden, Finland, Netherlands, Ukraine, Russia

☆ Far right makes big gains in EU elections as center right holds majority, early data indicates
▼ + stars: | 2024-06-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Populist, far-right parties have won record support in this year's European Parliament elections, early exit polls indicated Sunday. The center-right European People's Party (EPP) is once again projected to win the most parliamentary seats, with a marginally bigger majority than before. The projection is based on exit polls, national estimates and pre-election polling data, and follows a four-day, EU-wide vote. The European Parliament, which is responsible for deciding EU laws and budgets, is the only directed elected institution within the bloc. It is made up of Members of European Parliament (MEPs), who are elected by each member state and come together to form European party groups.

Organizations: Populist, European Conservatives, European People's Party, EPP, Europe, Greens, European Free Alliance, EU

☆ Travel news: The Tank Museum in England has a bigger YouTube following than MoMA
▼ + stars: | 2024-06-08 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In this week’s roundup of travel news, we bring you the world’s best restaurants for 2024, Disneyland’s epic expansion plans and the little museum in rural England that’s become a YouTube hit. World’s best restaurants1. This famed Barcelona eatery was one of five restaurants in Spain to make this year's World's 50 Best Restaurants list. Dubai has more “best” restaurants than any other destination in the Middle East, according to the 50 Best group.

Persons: England that’s, He’s, that’s, AirlineRatings.com, Disney World’s, Peter Pan, Francesc Guillamet Ferran, Asador, Bruno Verjus, Philippe Vaures Santamaria, Dabiz Muñoz, Diverxo, Diverxo Maido, Maido, Atomix, Evan Sung, Søren Gammelmark, Gaggan Anand, Don Julio, Pablo Domina World's Organizations: CNN, Canada House, American Airlines, Disney, Aberdeen Angus, Multicultural, CNN Travel, Finland Locations: England, New York, Paris, Normandy, Canada, Philippines, Bataan, Florida, Texas, Gulf, Asia, Pacific, Southern California, Japan, Tokyo, Disfrutar, Barcelona, Spain, Basque, Madrid, Spanish, Lima, Peru, New York City, Koreatown, Manhattan, Quintonil, Mexico, Copenhagen, Denmark, Bangkok, Thailand, Kolkata, Buenos Aires, Argentina, Hereford, Dubai, British, Soviet Union

☆ Buy these stocks with earnings momentum as market trades at all-time high
▼ + stars: | 2024-06-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Some stocks have forward earnings momentum that investors don't want to overlook, according to Liberum. He noted that companies with this momentum outperformed counterparts by 0.2% over the past month. Earnings momentum can be a good sign for a company as it tends to align with growth in revenue, improving margins or cost reductions, or some combination of these factors. Klement noted that earnings per share momentum has a "very chequered past" in the U.S. market. This also comes as the broader market has traded near all-time highs , forcing traders to look harder for individual stocks that have more room to run.

Persons: Joachim Klement, Klement, Nvidia, what's, Motors, LSEG, Tim Rokossa Organizations: Nvidia, Wall, LSEG, Amazon, Meta, Netflix, General Motors, Deutsche Bank, Motors, Ford Locations: U.S, Europe

☆ Wall Street showers an AI chipmaker we own with praise — and it's not Nvidia
▼ + stars: | 2024-06-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

JPMorgan upped its growth forecast for the custom AI chip market and said Broadcom's dominance in the space is poised to continue. Essentially, these networking chips help make up the plumbing of data centers. The second line of Broadcom's AI business is custom processors, where the company is best-known for co-designing Alphabet's tensor processing units, or TPUs. Google-parent Alphabet and Broadcom have collaborated on the creation of the AI chips for years, with the sixth-generation TPU being announced last month . The AI chips made by market leader Nvidia and rival AMD are more general purpose.

Persons: Bernstein, Melius, —, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Nvidia, Wall, Broadcom, Melius, JPMorgan, Wall Street, VMWare, Google, Amazon, Microsoft, Marvell Technology, Marvell, AMD, CNBC

☆ The biggest box-office disappointments of 2024 so far
▼ + stars: | 2024-06-06 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

The box office has been seriously down in 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis Memorial Day Weekend was not great for the box office. In fact, it was the worst Memorial Day for the movies since the '90s. The entire domestic box office pulled in just $126 million — in years past, the No.

Persons: — Organizations: Service, WGA, SAG, Business

☆ 'Mad Men' star Jon Hamm was so broke in his early career that he owed his landlord nearly a year's rent and dodged calls from creditors
▼ + stars: | 2024-06-06 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

Jon Hamm said he struggled to pay rent for seven or eight months before his acting career took off. Hamm told The Hollywood Reporter that he talked his landlord into "being fine" with him owing rent. Hamm also said that he avoided calls from 800 numbers in an effort to evade creditors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJon Hamm is widely recognized for his Emmy-winning role as Don Draper on "Mad Men," but before his career took off, he struggled to make ends meet.

Persons: Jon Hamm, Hamm, —, Don Draper Organizations: Hollywood, Service, Business Locations: LA

☆ World leaders, veterans, commemorate D-Day's 80th anniversary in Normandy
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +4 min

Veterans and world leaders gathered in Normandy on Thursday to mark the 80th anniversary of the June 6, 1944 D-Day landings, when more than 150,000 Allied soldiers arrived in France by sea and air to drive out the forces of Nazi Germany. With war raging in Ukraine, on Europe's borders, this year's commemoration of this major turning point in World War Two will carry special resonance. Leaders are set to draw parallels with World War Two and warn of the dangers of isolationism and the far-right. Under glorious blue skies, they were joined by a collection of Second World War jeeps. But Russia, which launched a full-scale invasion of Ukraine in 2022, touching off Europe's biggest armed conflict since World War Two, was not invited.

Persons: Joe Biden, Bob Gibson, Biden, Emmanuel Macron, Volodymyr Zelenskiy, Britain's King Charles ,, Olaf Scholz, Brigitte Perdrix Organizations: Commando, Veterans, Reuters Locations: Gold, Asnelles, France, United Kingdom, United States, Normandy, Nazi Germany, Ukraine, U.S, Arromanches, Normandy's Utah, Ukrainian, Ver, Russia, European, Colleville, Trouville

☆ 15 award-winning photos of animal antics from this year's Comedy Pet Photography Awards
▼ + stars: | 2024-06-06 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The annual Comedy Pet Photography Awards highlight hilarious pictures taken by pet owners. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome photography contests award images of stunning natural landscapes or poignant portraits that capture the essence of humanity. The Comedy Pet Photography Awards have a unique mission: to highlight the best in pet shenanigans. On Thursday, the Comedy Pet Photography Awards announced the winners of its 2024 competition.

Persons: — Organizations: Service, Business

☆ Why the average NBA Finals ticket costs $4,000
▼ + stars: | 2024-06-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

NBA Finals tickets are averaging $4,150, the highest since TicketIQ began tracking in 2011. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThis year's NBA Finals has hit a perfect storm of being played in big cities with lots of star power, and getting into the games is expensive. According to data collected by TicketIQ, an event ticket search engine, the average price for tickets on the resale market was $4,150 as of Monday, four days before Game 1 of the NBA Finals. The average price is the most expensive ever seen for the NBA Finals since TicketIQ began tracking the data in 2011.

Persons: TicketIQ, Luka Dončić, Jayson Tatum, — Organizations: Service, NBA, Business Locations: Big

Keep reading to learn everything you need to know about where to watch Swiatek vs. Gauff live streams free from anywhere. Where to watch Swiatek vs. Gauff in the USThe French Open women's semi-finals will be shown on the Tennis Channel. Shop at SlingPeacock will show the Jasmine Paolini vs. Mirra Andreeva semi-finals, and possibly the end of Swiatek vs. Gauff, depending on how late it goes. Shop at Peacock TVWhere to watch Swiatek vs. Gauff in AustriaThe French Open women's semi-finals will be available to live stream on Servus TV in Austria. How to watch the French Open in FranceThe French Open live streams on France TV for free in France.

Persons: Coco Gauff, Roland, Swiatek, Sabalenka, we've, Peacock, Jasmine Paolini, Andreeva, ExpressVPN Organizations: Business, Garros, Swiatek, Gauff, Tennis Channel, Tennis, NBC, Austria The Locations: Paris, France, American, Italy, Gauff, Austria, Australia

Oppenheimer raised its price target on Walmart to $75, reiterating its outperform rating on shares. Goodall's $70 price target implies 32.3% potential upside for the stock, which has advanced 28.2% this year already. His price target of $165, up from $145, implies upside of nearly 22% over the next 12 months. COF YTD mountain — Fred Imbert 5:42 a.m.: Oppenheimer hikes price target on Walmart, supports premium valuation for shares Walmart shares are still positioned for steady outperformance, according to Oppenheimer. Analyst Rupesh Parikh reiterated his outperform rating and lifted his price target by $6 to $75, which suggests shares could climb 11.8%.

Persons: Oppenheimer, Jefferies, Goldman, Didier Scemama, Scemama, — Pia Singh, Goldman Sachs, Toshiya Hari, Jensen Huang, Hari, James Goodall, Goodall, John Hecht, Hecht, Fred Imbert, Rupesh Parikh, Parikh Organizations: CNBC, Walmart, buildout Bank of America, Nvidia, United Airlines, Atlantic, Delta, United, Jefferies, Discover Financial Locations: North America, Taiwan, COF

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Tesla, Netflix, Alphabet, United, JPMorgan, Carvana, Broadcom & more
▼ + stars: | 2024-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's sticking with its buy rating on the stock. JPMorgan upgrades StoneCo to overweight from neutral JPMorgan said in its upgrade of the fintech solutions company that it has "appealing" potential for earnings growth. Morgan Stanley reiterates JPMorgan as overweight Morgan Stanley said it's even more bullish on the stock after a meeting with company management. " JPMorgan reiterates Alphabet as overweight JPMorgan said the company is on the "offensive in Gen AI." JPMorgan reiterates Broadcom as overweight The firm said it's sticking with its overweight rating on shares of Broadcom.

Persons: Morgan Stanley, Tesla, Oppenheimer, DA Davidson, Davidson, Goldman Sachs, Goldman, Bernstein, FANG, Redburn, it's bullish, osteogenesis, it's, Robinson, JPMorgan, Disney, Evercore, Moffett, Carvana Organizations: Walmart, Apple, company's, Conference, Nvidia, Energy, Midland shaleco, Endeavor Energy Resources, Airlines, United, Citi, eBay, JPMorgan, BMO, UBS, Mizuho, SEE, P Containers, Deutsche Bank, Deutsche, Google, Jefferies, DFS, Disney, Netflix, CTV, Broadcom Locations: China, Midland, Rocklin

☆ 9 top stocks to add to your portfolio now, according to market-beating strategists
▼ + stars: | 2024-06-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.

Persons: —, Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US

☆ Here are 3 ways Meta could pivot if 10% of its ad revenue were to disappear
▼ + stars: | 2024-06-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The "revenue driver" in question is last year's advertising blitz from large online Chinese retailers that made up about 10% of Meta's overall revenue. Evidence of slower or moderating ad spending from big retailers with ties to the world's second-largest economy could force Meta to lean into some of its other strengths. Analysts at the firm conducted a stress test — benchmarking a worst-case scenario for Meta's Chinese ad revenue in the second half of 2024. Mizuho analysts said Meta can leverage volume drivers such as increasing the ad load on Reels using artificial intelligence. Mizuho also believes special events like the U.S. presidential election and the Olympics should help support ad spending in the back half of the year.

Persons: Shein, Bernstein, Temu, Mizuho, monetization, Josh Silverman, we're, Jim Cramer's, Jim Cramer, Jim, Jonathan Raa Organizations: Wall Street, Holdings, Nasdaq, Meta, Mizuho, Amazon, U.S, Google, CNBC, Nurphoto, Getty Locations: Temu, China, Ireland, Shanghai, Singapore, U.S, London, Meta

☆ Yes, Narendra Modi won again. So what's all the fuss about?
▼ + stars: | 2024-06-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

It's why the election results have been a shocking blow to Modi and the BJP despite them winning. The result was especially humbling for Modi because the NDA was projected to slam-dunk the election with a whopping 400 seats. Should they all ditch Modi for his rivals in the Indian National Developmental Inclusive Alliance, they could oust him from leadership. Rossow said that despite Modi extending his influence over key institutions such as the courts, voters are still making their choices count. "This election, even if Prime Minister Modi retains power, shows the power of India's democracy," said Rossow.

Persons: —, Narendra Modi, Modi, trounce, Richard Rossow, Jeff Lande, Lande, Kapil Sharma, isn't, Sharma, Gautam Nair, Rossow Organizations: Service, Bharatiya Janata Party, Business, BJP, National Democratic Alliance, Developmental Inclusive Alliance, Telugu Desam Party, Janata Dal, Bloomberg, India, Studies, Center for Strategic & International, Asia Center, Industry, China's, Atlantic, CSIS, Harvard Locations: India, India's, kingmakers, United States, China

☆ Two major investor groups with $6 trillion at work agree these are good stocks, according to Goldman analysis
▼ + stars: | 2024-06-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Hundreds of mutual funds and hedge funds overlap in their investments, creating some shared favorites between the two different investment vehicles, according to Goldman Sachs. This basket of stocks—which includes Danaher , Mastercard , Vertiv and Uber —are constituents of both Goldman's Hedge Fund VIP and Mutual Fund Overweight baskets. "Hedge funds and mutual funds have boosted exposures to equities this year, with hedge fund net leverage rising near its highest level over the past year and mutual fund cash balances dropping to record lows. Visa shares are up about 4.6% for the year, lifted by stronger-than-expected earnings in the fiscal second quarter. Both stocks have had a tough quarter, however, with Visa falling 2.4% since the end of March, while Mastercard shares have lost 7.6%.

Persons: Goldman Sachs, Vertiv, Uber, David Kostin, Kostin, Goldman, Alexander Blostein Organizations: Mastercard, VIP, Mutual Fund, FactSet, KKR, Visa, Tuesday's Locations: FRE

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