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☆ Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

In an effort to navigate a market that remains highly concentrated under Big Tech's dominance, but also ripe for stock pickers, Barclays has dozens of stocks that share similar characteristics to the tech heavyweights. However, some select Big Tech remained fairly strong throughout the sell-off, with stocks like Alphabet and Apple bucking the downtrend. While Big Tech valuations still appear reasonable to Barclays analyst Venu Krishna, he pointed out that they're "not the only game in town," and suggested investors diversify their portfolios to beat their benchmarks. Yet, market returns, earnings upside, and institutional investor exposure remain highly concentrated in Big Tech," Krishna said in a Tuesday note. Aside from allowing investors to diversify, these stocks come with strong fundamentals based on profitability, balance sheet strength, cash conversion, and growth-adjusted valuation characteristics that closely resemble those of Big Tech stocks, the firm said.

Persons: Venu Krishna, Krishna, Dennis Geiger, Geiger, outperformance, Adrienne Yih, Yih, Goldman, TJX Organizations: Barclays, Big Tech, Inter, UBS, Software, Oracle, Arista Networks, JPMorgan, Arista, TJX Companies, Goods Locations: Big Tech, SPX, Ulta

☆ We are hiking our price target on Eaton as demand for AI computing power heats up
▼ + stars: | 2024-04-30 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Sales, earnings, segment profit margin, and organic growth all came in ahead of expectations, despite some minor misses in certain operating segments. In addition to the strong headline results, Electrical Americas, its biggest division, realized another record for sales, segment profit, and segment margins — driven partly by data center demand for AI computing power. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market. Management expects a segment margin of 22.4% to 22.8%, ahead of the 22.4% midpoint estimate. Electrical Americas achieved yet another record for sales, segment profit, and segment margins with management noting strength in the data center market.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Hannifin, DuPont, Honeywell, Electrical, Management, Aerospace, CNBC, Eaton Corporation, NYSE, NYSE Eaton Locations: North America, Electrical Americas, U.S, Eaton, Americas

☆ Islamophobia and India’s election: Rising Hindu nationalism leaves Muslims fearful in India’s holy city
▼ + stars: | 2024-04-30 | by ( Rhea Mogul | Will Ripley | ) edition.cnn.com time to read: +18 min

Varanasi, India CNN —The sun glistens on the Ganges as Hindu devotees bathe in the holy river’s waters, and the Muslim call to prayer reverberates through the dusty air. The Gyanvapi mosque, left, and Kashiviswanath Temple on the banks of the river Ganges in Varanasi, India, December 12, 2021. He believes Gyanvapi is not a mosque, but a Hindu temple, and wants to see his community worship inside the walls of the building. Vishwambhar Nath Mishra, the priest of a prominent Hindu temple in Varanasi, believes Modi’s stoking of religious tensions is ruining the fabric of Indian society. This is my country.”Read more from CNN’s India election coverage:Billions spent, jungle-trekking poll workers and voting at 15,000 feet.

Persons: Narendra Modi’s, Modi, Varanasi John Mees, Sana Sabah, trepidation, “, Modi’s, Rajesh Kumar Singh, John Mees, Syed Mohammad Yaseen, ”, Hinduism John Mees, ’, Dileep Patel, inching, Nasir Ali, Ali, ‘ Jai Shree Sri Ram ’, Vijay Bedi, CNN Ali, Muzamil, Usman, it’s, Jai Shree Ram ”, Manish Swarup, Raja Singh, we’ll, Singh, –, Jaiveer Shergill, spokespeople, haven’t, Shamsher Ali, Emperor Aurangzeb, Lord Shiva, Kashi Vishwanath Temple, Pawan Kumar, ” Ali, Yaseen, ” Syed Mohammad Yaseen, turbocharge, ” Modi, Ram, Lucas Vallecillos, Swami Jitendranand Saraswati, Gyanvapi, Swami Saraswati, Amit Pandey, Vishwambhar Nath Mishra, ” Mishra, ” Read, Narendra Modi Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, Rashtriya Swayamsevak Sangh, Modi, Bhajanpura Police, United Nations, Human Rights, ” CNN, Modi’s, Hate, AP BJP, T, Human Rights Watch, Amnesty International, International Federation for Human Rights, Reuters, Guards, “ Locations: Varanasi, India, Varanasi John, today’s India, “, Hinduism, Jammu, Kashmir, New Delhi, Delhi, Mustafabad, Rajasthan, Jaipur, Gujarat, Washington, BJP, Ali, Kashi, Gyanvapi, John, Ayodhya, Uttar Pradesh

All eyes remain on tech stocks this week, with Amazon and Apple due to release their earnings after the market closes on Tuesday and Thursday, respectively. After a strong rally to start the year, tech stocks have wavered in recent weeks as investor concerns of lofty valuations bubbled to the surface. Investors can still find opportunities in the form of tech stocks that pay a dividend and have a runway for growth. The stock's 2% dividend yield is higher than the S & P 500's 1.3%. With a dividend yield of 1.6%, Broadcom also made the list.

Persons: Oppenheimer Organizations: Google, Amazon, CNBC Pro, Qualcomm, Benchmark, Oracle, Analysts, Broadcom, Barclays Locations: Nashville , Tennessee

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

☆ Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much
▼ + stars: | 2024-04-28 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +4 min

The recent gold rally is counterintuitive, as high interest rates typically make bullion less attractive. But billionaire investor David Einhorn has a theory that he shared in his latest investor letter. Einhorn suggests that gold's rally is potentially due to countries in the East buying gold from Western nations. To explain the strong run for gold, billionaire investor David Einhorn offered a potential theory in his latest letter to investors published this week. Others, like billionaire investor Ray Dalio, say gold can hedge risks stemming from high government debt levels.

Persons: David Einhorn, Einhorn, —, there's, David Rosenberg, Ed Yardeni, Ray Dalio Organizations: Service, Federal, Greenlight, World Gold, People's Bank of Locations: China, People's Bank of China, India, Singapore

☆ HSBC wealth investor is convinced four secular themes will keep the U.S. economy humming along
▼ + stars: | 2024-04-28 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A handful of drivers will keep the American economy humming along, said Jose Rasco, chief investment officer of the Americas at HSBC's wealth division. On the cyclical front, Rasco expects growth to cool as the effects of higher rates become fully felt. "Those four themes suggest to me that's how we avoid recession," said Rasco, a Lehman Brothers and Merrill Lynch alum. Bonus: Presidential election year While not exactly an investment trend, Rasco also noted that a big part of his short-term optimism toward U.S. stocks stems from the looming presidential election. Data shows U.S. stocks tend to outperform in presidential election years.

Persons: Jose Rasco, Rasco, Merrill Lynch, it's Organizations: Federal Reserve, CNBC Pro, Federal, Lehman Brothers, U.S, U.S . Research, BlackRock, HSBC Asset Management Locations: New York City, Americas, China, Mexico, U.S

☆ Jim Cramer's favorite investment themes in this rough market and 3 stocks he likes now
▼ + stars: | 2024-04-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Gary, Philadelphia) Jim Cramer: Go to Club holding Costco's website and buy gold. When we do see a lot of parabolic moves happening in the market that's usually a sign for us to start raising cash. (Sonny) Jim Cramer: Former President Donald Trump wants more defense. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jeff Marks, Wells, It's, They're, —, Sonny, Donald Trump, Trump, Joe Biden, James, Johnson, That's, – Alibaba, Eaton, Michael, you've, Anthony, Dupont, Stanley Black, Decker, Eli Lilly –, that's, Nancy, Estee Lauder, they're, Gordon, Cash, Wynn, I'm, it's, Jim Cramer's, Jim Organizations: Investing Club, JPMorgan, Costco, Investing, Abbott Labs, Baidu, PDD Holdings, Bank of America, Nike, Trust, Jim Cramer's Charitable, CNBC Locations: North Carolina, Gary, Philadelphia, , Texas, Bob , Minnesota, Eaton

☆ Wall Street stands by Meta even as costs rise and the stock sells off, cites AI leadership
▼ + stars: | 2024-04-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street analysts are standing by Meta Platforms despite Thursday's sell-off. The analyst cut his price target to $480 from $535 a share, noting that building and creating new products is no easy — or quick — feat. The adjusted price target reflects nearly 3% downside from Wednesday's close. Morgan Stanley analyst Brian Nowak retained his overweight rating and $550 price target, saying the firm remains "buyers through Meta's investments." Meta isn't alone in this feat, with Nowak expecting competitors to undertake similar steps as more AI opportunities arise.

Persons: Doug Anmuth, Benjamin Black, Black, Citi's Ronald Josey, Goldman Sachs, Eric Sheridan, Morgan Stanley, Brian Nowak, Meta isn't, Nowak, Bank of America's Justin Post, Ross Sandler, Mark, Zuckerberg, Sandler Organizations: Meta, Facebook, Deutsche Bank, Bank of America's, Barclays

☆ The yield curve has been inverted for 18 months without a downturn - but the famed indicator isn't wrong, and a recession is near, strategist says
▼ + stars: | 2024-04-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bond market's famous recession gauge has been flashing for 18 months. A downturn could be delayed for months after the yield curve first inverts, Paul Dietrich said. Dietrich pointed to the inverted Treasury yield curve, a highly accurate recession gauge that flashes when the yield on the 2-year US Treasury surpasses the 10-year Treasury. In the past, recessions have taken up to 28 months to officially start after being signaled by the yield curve and leading economic indicators, he noted. Dietrich is among the more bearish forecasters on Wall Street, having warned investors of an impending recession for months.

Persons: Paul Dietrich, —, Riley Wealth's, Dietrich, Stocks Organizations: Service, Treasury

Monday's analyst calls included a price target cut for one of the biggest tech companies in the world and Goldman Sachs getting bullish on an e-commerce giant ahead of earnings. Morgan Stanley cut its price target on Apple to $210 from $220, citing the potential for disappointing fiscal third-quarter guidance. 6:50 a.m.: Morgan Stanley remains bullish on Nvidia even after chipmaker's sell-off The recent slump in artificial intelligence-related stocks hasn't steered Morgan Stanley away from Nvidia . Sheridan kept his buy rating and $220 price target on Amazon, which is expected to post its earnings results on April 30. Analyst Erik Woodring reiterated his overweight rating on the tech giant but cut his price target to $210 from $220.

Persons: Goldman Sachs, Morgan Stanley, Goldman, Joseph Moore, Moore, — Pia Singh, shouldn't, Wamsi Mohan, Mohan, Benjamin Swinburne, Swinburne, Eric Sheridan, Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Apple, Nvidia, NVIDIA, Bank of America, Spotify, Amazon, Services Locations: North America

☆ India election: Modi’s Muslim remarks spark ‘hate speech’ accusations as mammoth vote deepens divides
▼ + stars: | 2024-04-22 | by ( Rhea Mogul | ) edition.cnn.com time to read: +12 min

CNN —India’s Prime Minister Narendra Modi has been accused of delivering Islamophobic remarks during an election rally Sunday, triggering widespread anger from prominent Muslims and members of the opposition. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Kalpit Bhachech/Dipam Bhachech/Getty Images Narendra Modi pictured in India on January 23, 1998. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.

Persons: CNN —, Narendra Modi, Islamophobic, Modi’s, Modi, ”, ” Modi, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Rana Ayyub, Asaduddin Owaisi, “ Modi, Mallikarjun Kharge Organizations: CNN, CNN — India’s, Bharatiya Janata Party, BJP, Indian National Congress, of India, India's, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Sangh, Hindu, “, Hate Locations: Rajasthan, Sydney, Australia, Gujarat, India, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, BJP, “

☆ A pullback in this biotech stock has created a buying opportunity, according to the charts
▼ + stars: | 2024-04-22 | by ( Katie Stockton | ) www.cnbc.com time to read: +2 min

Amgen has been in pullback mode since the beginning of February, losing roughly 13% within the context of its long-term uptrend. For those interested in "buying the dip," this may be a good time to revisit the stock, noting the decline looks overdone in the short term. There has been a positive reaction from AMGN to a short-term counter-trend "buy" signal from Tom DeMARK's TD Combo model, which supports a minimum two-week bounce. With Friday's reversal bar on AMGN's daily chart, combined with today's strength, our preferred momentum indicator the daily MACD is back on a "buy" signal. The MACD also shows a positive short-term divergence, supporting a bigger relief rally for AMGN in the near term.

Persons: Amgen, Tom DeMARK's Organizations: AMGN

☆ Special Education, Inc.
▼ + stars: | 2024-04-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +34 min

AdvertisementNate Smallwood for BITo some, private equity's business model appears antithetical to special education. (The average public school district in Pennsylvania, where New Story operates the most schools, spends about $23,000 per child across all types of public education. "Private equity has no place in education — especially special education," Sen. Sherrod Brown of Ohio told BI. For instance, two Pennsylvania education directors left in spring 2023, according to records obtained by BI — one after just months in the role. AdvertisementNickie Coomer, a Colorado College education professor who has written about the privatization of special education, told BI that this data gap is a major regulatory hole, one that private-equity companies are happy to exploit.

Persons: Emily, Sarah, Nate Smallwood, Sarah didn't, —, Mergermarket, Shanon Taylor, Taylor, Sen, Sherrod Brown, Bob Casey of Pennsylvania, Casey, Paul Volosov, Volosov, Jim Grinnen, Rachel Wisniewski, Christina Spielbauer, Spielbauer, Nathaniel Garnick, Garnick, sully, Craig Richards, He's, Richards, they're, " Richards, Judith McKinney, Grinnen, Donnell McLean, McLean, Natalie Stoup, Blackstone, haven't, Biden, of Education spokespeople, Nickie, …, that's, didn't, Hill, Amy Hall Kostoff, Kostoff, Green, she'd Organizations: Business, State College ,, New, BI, Audax Group, Kentucky, Pennsylvania State Employees, Schools, Audax, Rock Academy, University of Nevada, Ohio, Pennsylvania Department of Education, Rock, Reading School District, River Rock Academy, Virginia's Department of Education, Green Tree, Pay, Tree, Autism, Forbes, NBC News, Federal Trade Commission, of Education, Colorado College, Tree School, Pennsylvania's Department of Education, Pennsylvania, In State College Locations: State College , Pennsylvania, Boston, Pennsylvania, Reno, —, Ohio, New Story's, Rock, Virginia, , Ohio, New Jersey , Pennsylvania, New Story's New Cumberland , Pennsylvania, CARD's Virginia, Philadelphia, Rochelle Park , New Jersey

☆ Time Is Running Out for Rahul Gandhi’s Vision for India
▼ + stars: | 2024-04-20 | by ( Samanth Subramanian | ) www.nytimes.com time to read: +2 min

The crush of people at the rally was suffocating, although in India a crowd is no index of popularity. At 53, with a well-salted beard and serious eyes, he’s too old to be called Congress’s “scion,” but he still wears the sheen of dynasty. Then, on the heels of several corruption scandals, the mighty party — 140 years old next year — came unstuck. One of Modi’s successes has been not just to trounce the Congress Party but also to persuade people that the party has weakened India and emasculated its Hindus. (Amnesty itself halted its work in India in 2020, in the midst of what it later called an “incessant witch hunt” by the government.)

Persons: —, Gandhi, Jawaharlal Nehru, Indira, Rajiv, Sonia, Modi, ” Organizations: Congress, Party, Amnesty, World Press Locations: India, Pakistan, Bangladesh, Afghanistan, Russia

☆ Breaking down the market sell-off and odds this 5% pullback turns into a 10% correction
▼ + stars: | 2024-04-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

Hard-to-handicap geopolitical conflict never helps, even if it rarely serves as the key swing factor in a market trend. .SPX 1Y mountain S & P 500, 1-year And then there was simply the elevated valuation and over-optimistic sentiment that had built up over that five-month, 28% rally that culminated at the end of March. Over the long span of time, about 40% of all 5% market pullbacks deepened into full 10% corrections. A 10%-ish correction from the S & P 500 high of 5254 would pull the index down below 4800, the former record high from early 2022, and so would be a test of the first-quarter breakout. Last week's 3% decline took the index back to Feb 21 and thereby closed the "Nvidia gap," the 100-point S & P 500 pop the day after Nvidia's blowout fourth-quarter earnings report.

Persons: Warren Pies, Jerome Powell Organizations: Nasdaq, 3Fourteen, Nvidia, Big Tech, Treasury, Silicon Valley Bank Locations: Silicon

☆ In India’s 2024 election, BJP’s main opposition appears increasingly weak in face of Modi juggernaut
▼ + stars: | 2024-04-20 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +21 min

Supporters of India's opposition party, Indian National Congress, during an election rally in Puducherry on April 15, 2024 R. Satish Babu/AFP/Getty ImagesDemocracy under threat? Dipam Bhachech/Hulton Archive/Getty Images Modi worked his way through the ranks of the BJP, establishing himself as a respected politician. Tobias Schwarz/AFP/Getty Images Modi hugs French President Emmanuel Macron after a ceremony at the Arc de Triomphe in Paris, on June 3, 2017. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023. Pedro Ugarte/AFP/Getty Images Modi offers a toast during a State Dinner with President Joe Biden at the White House in Washington, on June 22, 2023.

Persons: ”, Narendra Modi, Mallikarjun Kharge, Indira Gandhi, Gandhi, ” Hazari Lal Rajput, Satish Babu, Modi, Modi’s, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Arati Jerath, “, it’s, Rahul Gandhi, Rajiv Gandhi, Indira, India’s, Jawaharlal Nehru, gunning, ” Modi, shouldn’t, Mohammad Irfan, —, Arvind Kejriwal, Altaf Qadri, Kejriwal, Atishi, you’re, Jerath, Gandhi ‘, ’ Modi, Christophe Jaffrelot, CNN Modi, Rasheed Kidwai, Rahul, Diptendu Dutta, Mamata Banerjee, Muthuvel Karunanidhi Stalin, ” Kidwai, ” Jerath Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, Getty, Democracy, Modi’s BJP, Pew, New York Times, Rashtriya Swayamsevak Sangh, Modi, Hospital, Narendra, India Today, AP, India's, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Developmental Inclusive Alliance, Indian, Aadmi Party, Delhi, AAP, Aam Aadmi Party, All, Trinamool, West, All India, Congress, “, “ Democracy Locations: India, Uttar Pradesh, Ramlila, Puducherry, Modi’s, Sydney, Australia, Gujarat, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Abu Dhabi, United Arab, INDIA, Delhi, India’s, Lok Sabha, Atishi, ”, Manipur, Siliguri, West Bengal, Tamil

☆ We're entering the second secular bull market for copper, says Citi's Max Layton
▼ + stars: | 2024-04-19 | 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 EmailWe're entering the second secular bull market for copper, says Citi's Max LaytonMax Layton, Citi global head of commodities research, joins 'Squawk Box' to discuss the latest oil and commodities price trends, impact of Middle East conflict, and more.

Persons: Citi's Max Layton Max Layton Organizations: Citi

☆ Goldman Sachs is strong, Netflix raises questions: What we learned from earnings this week
▼ + stars: | 2024-04-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Investment banks doing well, BofA not so much The major banks that posted results this week — Goldman Sachs , Morgan Stanley and Bank of America — beat earnings expectations. Bank of America shares fell more than 3% despite the company beating on both top and bottom lines. Mixed earnings picture Although nearly three-quarters of the reported earnings so far have topped expectations, the broader earnings picture is more muddled. The blended earnings growth rate, which considers the reports already out and the estimates from those still pending, sits at just 0.16%.

Persons: — Goldman Sachs, Morgan Stanley, Alastair Borthwick, Wells, Mike Mayo, Goliath, Mayo, Goldman Sachs, Wells Fargo's Mayo, Goldman, Ebrahim Poonawala, cyberattack, George Hill, Doug Anmuth, Jessica Reif Ehrlich, Canaccord Genuity, Chris Harvey Organizations: Investment, Bank of America —, Bank of America, Bank of America's, JPMorgan, Wells, of America, Deutsche, Netflix, NFLX's, Revenue, Microsoft, Exxon Mobil

☆ Here are Thursday's biggest analyst calls: Tesla, Nvidia, Apple, Amazon, eBay, Zoom, JetBlue, BJ's & more
▼ + stars: | 2024-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of Samsara (IOT) with a Buy rating and $42 price target." Deutsche Bank adds a catalyst call buy on Estee Lauder Deutsche added a short-term buy rating on shares of the beauty giant. Bernstein reiterates Apple as market perform Bernstein said it's getting more "constructive" on Apple shares but is sticking with its market perform rating for now. "We are initiating coverage of AES with a Buy rating and $21PT. "We are initiating coverage on shares of Beacon Roofing Supply (BECN), a leading roofing products distributor in the United States, with a Buy rating and $135 PT."

Persons: Goldman Sachs, Goldman, Oppenheimer, JPMorgan, Lauder Deutsche, Mizuho, TD Cowen, Cowen, it's, Bernstein, Jefferies, Kite, Kite Realty Jefferies, GE Vernova, Tesla, Needham, Andy, BTIG, Davidson, Barnes, Morgan Stanley downgrades, Morgan Stanley, Etsy, Rosenblatt, Swift, Janney Organizations: Bank of America, Cisco Systems, Goldman Sachs, P, JPMorgan, JetBlue, Bancorp, SPT, Oracle, Deutsche Bank, Linde, Mizuho, LIN, Nvidia, Apple, Kite Realty, GE, Metro NY, SSS, Deutsche, Infrastructure, FTAI Infrastructure, BMO, New, AMC, Barnes Group, AES Corporation, AES, eBay, EBAY, UW, ZS, Comcast, CNBC, Benchmark, Beacon Locations: New York City, OW, United States

☆ Goldman Sachs names 4 global defense stocks to watch as geopolitical risks rise
▼ + stars: | 2024-04-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Several countries have been beefing up their defense budgets in light of mounting geopolitical tensions, and Goldman Sachs has named several European stocks to play the theme right now. European defense stocks "have closely tracked super-cycles and are now "trading at peak multiples (20x 12-month forward price-to-earnings) vs history," which translates to a 45% premium to the benchmark Stoxx 600 index , the bank's analysts noted. Stocks Goldman's analysts said they "increasingly favour stocks exposed to long-term secular growth themes with superior visibility on growth." Other stocks with an exposure to the defense industry on Goldman's buy-rated list include aerospace names Rolls-Royce Holdings (also on its "conviction list") and Airbus . The bank has increased its 12-month price target on the stock by close to 60% to 606 euros, giving it nearly 13.4% upside potential.

Persons: Goldman Sachs, Victor Allard, Goldman, — CNBC's Michael Bloom Organizations: Stocks, Thales, Royce Holdings, Airbus, Rheinmetall

☆ India general election 2024: Polls open in world’s biggest vote
▼ + stars: | 2024-04-18 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Polls will open Friday for the first phase of India’s marathon general election, kicking off a vote in which Prime Minister Narendra Modi is seeking to win a rare third consecutive term. Challenging the BJP is India’s main opposition party, the Indian National Congress, and its newly formed INDIA alliance of parties. India’s Election Commission has imposed restrictions on media, including CNN, that limits the publication of reporting and analysis in the run-up to and during polling days. Supporters of India's opposition party, Indian National Congress (INC) during the election campaign in Puducherry on April 15, 2024. Among the most politically important states is Uttar Pradesh, home to 240 million people who vote in all seven phases.

Persons: Narendra Modi, Biju Boro, Modi, ”, Satish Babu, Mamata Banerjee, Dravida, Stalin, Altaf Qadri Organizations: CNN, Bharatiya Janata Party, BJP, Indian, Bharatiya Janata, United Nations Security Council, Indian National Congress, Getty, Dravida Munnetra Kazhagam, All, Trinamool, Tamil Locations: India, Guwahati, AFP, India’s, Puducherry, Lok Sabha, Uttar Pradesh, Lok, Tamil Nadu, Chennai, Dravida, INDIA, . West Bengal, Trinamool Congress, Nicobar Islands, Mizoram, Meghalaya, Nagaland, Myanmar, Manipur

☆ This language app is JPMorgan's favorite online education play with nearly 40% upside
▼ + stars: | 2024-04-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

JPMorgan listed Duolingo as its best idea in online education ahead of the Pittsburgh-based tech firm's first-quarter earnings report in early May. With the mild downdraft since Duolingo's fourth-quarter earnings report, JPMorgan analyst Bryan Smilek said the stock's risk/reward ratio looks attractive at its current prices. DUOL YTD mountain DUOL YTD chart Smilek also said there may be additional room for potential upside to Duolingo's full-year 2024 outlook as part of its first-quarter numbers. Smilek praised Duolingo's strong advertising presence, saying it's resulted in rising user growth. As a result, passive index funds that track the midcap index and its value or growth subsets will be forced to buy Duolingo.

Persons: Duolingo, Bryan Smilek, Smilek, it's, Goldman Sachs, — CNBC's Michael Bloom Organizations: JPMorgan, 2Q, Allen, Co Locations: Pittsburgh, Wednesday's

☆ Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.

Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America

The firm initiated coverage on the stock with a buy rating and $60 price target, implying 37.2% upside from where shares closed on Monday. Analyst Mark Lipacis has a target price of $1,160 on shares, suggesting around 35% upside from where shares closed on Monday. However, it kept its $9 price target, which implies upside of just 7.7% over the next 12 months. The stock price now better considers some of our midterm concerns," worte analyst Joseph Spak. Analyst Frank Lee also raised his price target to $225 from $180, implying shares rallying nearly 38% from Monday's close.

Persons: Rivian, Goldman, DraftKings, Goldman Sachs, Ben Miller, Miller, — Hakyung Kim, Joe Ritchie, Ritchie, Nvidia isn't, it's, Mark Lipacis, Lipacis, Hakyung Kim, hasn't, Nicole DeBlase, DeBlase, Joseph Spak, we'd, Fred Imbert, Frank Lee, Lee, Nvidia's GB200 Organizations: CNBC, UBS, HSBC, AMD, US Online Gaming, GE, GE Vernova, General Electric, Nvidia, ISI, Honeywell, Deutsche Bank, Deutsche, Rivian Automotive Locations: NVDA, Monday's

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