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☆ Goldman Sachs just refreshed its conviction lists of global stocks, giving 3 over 40% upside
▼ + stars: | 2024-12-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Goldman Sachs has refreshed its lists of top global stock picks for December by adding some and removing others. These stocks are featured in the investment bank's "Conviction List - Directors' Cut," a "curated and active" list of its buy-rated stocks. There have also plenty of additions to the Directors' Cut, including the following three stocks which Goldman gives over 40% upside potential over the next 12 months. KHI's share price has underperformed these two peers by 80% to 100% year-to-date, analyst Yuichiro Isayama noted. PetroChina Goldman is also bullish on Chinese oil and gas giant PetroChina .

Persons: Goldman Sachs, Goldman, Novonesis, Georgina Fraser, Yuichiro Isayama, PetroChina Goldman, Nikhil Bhandari, Bhandari, — CNBC's Michael Bloom Organizations: Companies, Lenovo, Air Liquide, Nasdaq, Kawasaki Heavy Industries, Japan's Kawasaki Heavy Industries, Mitsubishi Heavy Industries, IHI Corporation, Tokyo Stock Exchange, Hong Kong, PetroChina, Shanghai Stock Exchanges, Pan, Matthews China Active Locations: New Zealand, Asia, Europe, Danish, Nasdaq Copenhagen, U.S, Hong Kong, Pan Asia

☆ 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says
▼ + stars: | 2024-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The shares of all these global companies are traded in the U.S. and Europe. Trump has proposed tariffs of 25% on all products from Mexico and Canada, and additional tariffs on goods from China. Kinaxis Kinaxis, which helps companies plan their supply chains using digital replicas of physical operations, could also benefit, according to Redburn Atlantic. WiseTech Global WiseTech offers a "high-growth profile" investment opportunity that will benefit from the tariff trend, according to Redburn Atlantic.

Persons: Donald Trump's, Trump, Redburn, Lachlan Brown, Descartes, Kinaxis, Trump's, — CNBC's Michael Bloom Organizations: Descartes Systems, Manhattan Associates, SPS Commerce, WiseTech, Descartes Systems Descartes Systems, Manhattan Associates Manhattan Associates, SPS, Commerce Locations: U.S, Europe, United States, China, Mexico, Canada

☆ Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside
▼ + stars: | 2024-11-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

"As we approach the end of the earnings season, we anticipate more companies will re-engage in share repurchases in the coming weeks," Barclays' strategists added. Sectors with the greatest concentration of buybacks include consumer staples, financials and energy, Barclays' strategists noted. This gives the stock upside potential of around 45%. Analysts' average target price on the stock is 989.89 Danish krone ($139.20), giving it 32% potential upside, according to FactSet data. Their average target price is £31.34 ($39.43), implying around 20% upside potential.

Persons: Donald Trump, — CNBC's Michael Bloom Organizations: Barclays, Companies, Novo Nordisk, Shell Locations: Europe

☆ Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside
▼ + stars: | 2024-11-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside. Here are two of Morgan Stanley's top stocks with over 60% upside potential: EDP Renovaveis The investment bank is bullish on EDP Renovaveis and has a target price of 18 euros ($18.68), giving it nearly 66% upside potential. RWE Also on Morgan Stanley's list is German electric utility company RWE , which it describes as a "global leader in renewables." The bank's analyst Rob Pulleyn sees RWE as "oversold on a combination of falling power prices earlier in 2024 and fears around renewables value creation." Morgan Stanley has a target price of 50 euros ($169.50) on the Frankfurt-listed stock, giving it almost 60% potential upside.

Persons: Donald Trump, Morgan Stanley, Morgan, Arthur Sitbon, Sitbon, Rob Pulleyn, — CNBC's Michael Bloom Organizations: Big Tech, Frankfurt Stock Exchange Locations: U.S, Europe, Lisbon, Portugal, Frankfurt

☆ Fiserv stock is red hot. Why one fund manager thinks it can be a long-term winner
▼ + stars: | 2024-11-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.

Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic

☆ HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
▼ + stars: | 2024-11-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are "turning a corner" following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. Here are two of the stocks HSBC likes: KE Holdings HSBC is bullish on real estate player KE Holdings (or Beike), and considers it a key beneficiary of "China's 2025 inflection point." KE Holdings "has the highest earnings sensitivity to a recovery in property sales in both the primary and secondary markets," he added. KE Holdings' shares are listed on the Hong Kong Exchange and trade as an American Depositary Receipt (ADR) in the U.S. under the ticker BEKE . Hongfa Technology HSBC is also bullish Hongfa Technology and has a target price of 48.10 Chinese yuan ($28.30) on the stock, giving it around 50% upside.

Persons: Oliver Yu, Goldman Sachs, Morgan Stanley, Yu, Corey Chan, Chan, — CNBC's Michael Bloom Organizations: HSBC, KE Holdings HSBC, Holdings, HSBC Global Research's, Real, KE Holdings, Hong Kong Exchange, Hongfa Technology HSBC, Technology, HSBC Qianhai Securities, Shanghai Stock Exchange, iShares Global Tech ETF, Fidelity MSCI Locations: China, U.S

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ Three global stocks stocks to own in 2025, according to Barclays
▼ + stars: | 2024-11-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.

Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, —, Euronext Amsterdam, Amsterdam

☆ 'Go for gold' says Goldman Sachs, but other Wall Street banks aren't so sure
▼ + stars: | 2024-11-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three Wall Street banks have taken differing views on gold's trajectory in 2025, reflecting the complex economic outlook. Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying "Go For Gold" in a note from Nov. 17. The gold price has declined by 7% since late October as the risk of a disputed U.S. election result diminished. While maintaining a positive outlook on gold, UBS warned that its gains — gold had risen 35% this year until November — could slow down. Goldman Sachs pointed to a fivefold increase in central bank gold purchases, driven by concerns about financial sanctions and sovereign debt sustainability.

Persons: Goldman Sachs, Donald Trump's, Goldman, Daan Struyven, Karen Ward, Ward, Arend Kapteyn, Bhanu Baweja, — CNBC's Michael Bloom Organizations: Trump, JPMorgan Asset Management, UBS Locations: U.S, Europe, Middle East, Africa, Switzerland, Russia, Ukraine

☆ CNBC Daily Open: It’s not unexpected markets are back to preelection levels
▼ + stars: | 2024-11-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Source: NYSEThis 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. Last Monday, the S&P closed above 6,000 and the Dow finished the day above 44,000 for the first time. When markets closed on Friday, the S&P lost 2.1% and the Dow had fallen 1.2% for the week — both ending the week below their milestones. Those were the worries weighing on markets last week, which brought the S&P back to its level in mid-October, noted CNBC's Michael Santoli.

Persons: Dow, Trump, Robert F, Kennedy Jr, Trump's, Michael Santoli, Kristy Akullian, Akullian, —, Brian Evans, Alex Harring Organizations: HK, New York Stock Exchange, CNBC, Dow, Trump, Nasdaq, U.S . Department of Health, Human Services, BlackRock Locations: satiation, surfeit, Americas, BlackRock

☆ Citi says this Korean stock is a 'unique' beneficiary of Nvidia's new AI chip, giving it 40% upside
▼ + stars: | 2024-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Nvidia's next-generation artificial intelligence chip Blackwell is in hot demand from companies like OpenAI, Microsoft , Meta and other firms building AI data centers to power products like ChatGPT and Copilot. Doosan's CCLs are manufactured by Doosan Electronics, a subsidiary that accounts for over 70% of the corporation's revenue. The bank's analysts believe this estimate could be conservative, noting the increased CCL content per Blackwell chip, which could translate into a much higher total addressable market than previously estimated. Doosan's stock has already shown strong performance, rising nearly 150% this year and almost tripling in value over the past year. The company is currently valued at about $2.5 billion on the Korean stock exchange.

Persons: Nvidia's, Blackwell, Nvidia's Blackwell, Josh Yang, Schwab, — CNBC's Michael Bloom, CJ Haddad Organizations: Citi, Doosan Corporation, Nvidia, Doosan, Korean, Blackwell, Microsoft, Meta, CCL, Nvidia Blackwell, Doosan Electronics, Co, RAFI Locations: Korea, Korea's

☆ What Trump's election victory means for global investors — and why it's different to 2016
▼ + stars: | 2024-11-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.

Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe

☆ Nomura names Japanese stocks that trade like bitcoin — and analysts give one over 80% upside
▼ + stars: | 2024-11-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Investment bank Nomura has screened for Japanese stocks with "high bitcoin price sensitivity," following a surge in the cryptocurrency's price. It comes as analysts say bitcoin prices could hit $100,000 by the end of the year following President-elect Donald Trump's victory . The bank said it conducted multiple regression analyses of stocks to identify which have a high bitcoin price sensitivity. Those covering Micronics give it an average price target of 7,033.33 Japanese yen ($46.05) — indicating almost 83% upside potential. Analysts give Towa Corp an average target price of 3,466.67 Japanese yen, or 67.5% upside potential, according to FactSet.

Persons: Donald Trump's, bitcoin, Bitcoin Trump, — CNBC's Michael Bloom Organizations: Nomura, BTC, Towa Corporation, Towa, SoftBank Locations: Japan, FactSet

☆ Tesla shares pop 8% as post-election rally continues
▼ + stars: | 2024-11-11 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Elon Musk embraces Republican presidential nominee and former President Donald Trump during a campaign rally at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024. Tesla shares popped 8% on Monday, continuing to ride a postelection rally as President-elect Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet. Analysts at Wedbush reiterated their "outperform" rating on the stock, joining earlier sunny outlooks reacting to Tuesday's results. Tesla recently reclaimed its $1 trillion market cap after surging nearly 30% last week. Trump has said previously he may cut the federal $7,500 electric vehicle tax credit, and those credits have historically helped to drive sales of Tesla vehicles.

Persons: Elon Musk, Donald Trump, Trump, Tesla, Musk, Elon Musk's, Volodymyr Zelenskyy, — CNBC's Michael Bloom, Annie Palmer, Lora Kolodny Organizations: Wedbush, Trump White House, Trump White, SpaceX, Bank of America Locations: Butler , Pennsylvania

☆ Three China stocks that analysts are watching for longer-term opportunities
▼ + stars: | 2024-11-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

For many, the reaction among investors only reinforced the need to look at longer-term opportunities in individual stocks that haven't changed. About half of Xpeng's 20,000-plus deliveries in each of the past two months have come from its lower-priced Mona M03 car. In the consumer sector, Macquarie's top pick is Yum China , which operates Pizza Hut and KFC in China. Yum China on Nov. 4 reported third-quarter earnings, showing operating profit grew by 15% year-on-year to $371 million. "You have to be very willing to suffer the negative sentiment to invest in China," Ren said.

Persons: Donald Trump, Shanghair, Liqian Ren, Ren doesn't, Ren, Anta, Fila, CNBC's Michael Bloom Organizations: Finance, U.S, CSI, Adidas, Fila, Baidu, Macquarie, KFC Locations: China, Hong Kong, WisdomTree, U.S

☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

☆ How European investors can hedge against a Trump win, according to Barclays
▼ + stars: | 2024-11-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Investors in Europe who are concerned about former President Donald Trump's potential return to the White House have several options at their disposal, according to Barclays strategists. European markets are already trading with a risk premium ahead of a potential Trump win, and the investment bank believes the full impact may not be reflected in current valuations. "The possibility to bypass Congress increases the risk of tariff implementation in the event of a Trump win," said Barclays strategists led by Emmanuel Cau in a note to clients on Oct. 23. "Compared to a status quo scenario under a Harris win, a Trump win may have broader and more discriminant implications for markets." Under such a scenario, Barclays strategists warned that investors would have nowhere to hide anywhere.

Persons: Donald Trump's, Emmanuel Cau, Harris, Kamala Harris, DAX, Trump, isn't, — CNBC's Michael Bloom Organizations: Barclays, Trump, White Locations: Europe, China, U.S, Russia, Ukraine

☆ Goldman Sachs names 2 top auto stocks in Asia — giving one 44% upside
▼ + stars: | 2024-11-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India's Mahindra and Mahindra and Japan's Honda Motor . The stocks are featured on the investment bank's "Conviction List - Directors' Cut," which seeks to offer a "curated and active" list of buy-rated stocks. Mahindra and Mahindra Goldman is betting on Mahindra and Mahindra given its "unique pipeline" in India's SUV car market. Goldman has a 12-month target price of 3,600 Indian rupees ($42.80) on the stock, implying 25% potential upside. Goldman has a target price of 2,200 Japanese yen ($14.50) on the stock, implying 44.3% potential upside.

Persons: Goldman Sachs, Chandramouli Muthiah, Goldman, Kota, — CNBC's Michael Bloom Organizations: India's Mahindra, Mahindra, Japan's Honda, Mahindra Goldman, Electric Vehicle, National Stock Exchange, Bombay Stock Exchange, Honda, Tokyo Stock Exchange, HMC Locations: Asia, India, China, U.S, Japan

Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ Meta is 'net winner' on AI spending, says outperforming fund manager who previously sold the stock
▼ + stars: | 2024-11-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

An outperforming fund manager who previously sold Meta Platforms shares over concerns about the company's virtual reality investments is now bullish on the technology giant's artificial intelligence strategy. This optimistic stance marks a significant shift for Yiu, who revealed that his fund had previously sold out of Meta Platform shares two years ago due to concerns about the company's virtual reality investments. Meta's Reality Labs division, home to the company's virtual reality technologies and projects, took on $13.72 billion in losses in 2022 before Zuckerberg pivoted strategy. Meta is among the top 10 holdings in Yiu's Blue Whale Growth Fund, which itself is up 16.6% in 2024. Yiu's endorsement comes as Meta faces scrutiny over its ambitious AI spending plans, prompting mixed reactions from Wall Street analysts.

Persons: Stephen Yiu, Yiu, CNBC's, Metaverse, Zuckerberg, Meta, Benjamin Black, Black, Nat Schindler, Morningstar, Morningstar's Malik Ahmed Khan, Michael Bloom, Jonathan Vanian, Ari Levy Organizations: Blue, Growth, Meta, Nvidia, Labs, Wall Street, Deutsche Bank

☆ These stocks and bonds are set to win from the U.K.'s budget, analysts say
▼ + stars: | 2024-10-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

The U.K.'s Labour Party is set to unveil its national budget for the first time in 14 years later on Wednesday. Investment bank analysts have highlighted several stocks that could win or lose ground if the rumored measures are unveiled or curtailed. The Wall Street bank's analysts added that "U.K. long-dated yields might decline with easing budget uncertainty and continued inflation relief". The chancellor is reported to want to remove the inheritance tax relief available to investors holding stocks listed in this market in the Wednesday budget. Such a move may entice existing investors to sell the stocks, if the tax policy change likely impacts them.

Persons: Rachel Reeves, Goldman Sachs, Christian Mueller, Glissmann, Pound Sterling, Investec's Ben Newell, Alan Brierley, Investec's, Genuity, Canaccord Genuity, Alex Brooks, Justin Bates, Portia Patel, Michael Bloom Organizations: Labour, Finance, Investment, London Stock Exchange, Foresight, Fund, Greencoat, Renewables, Infrastructure, International, AIM, London Stock Exchange's, Technology Ashtead Tech Locations: United Kingdom

☆ Reddit shares soar 40% on profitability, rosy guidance
▼ + stars: | 2024-10-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Shares of Reddit popped more than 40% on Wednesday, one day after the social media company posted a surprise profit in its third-quarter results and offered rosy guidance. Reddit said fourth-quarter revenue will be between $385 million and $400 million, above the average analyst estimate of $357.9 million. "It was another strong quarter for Reddit and our communities as we achieved important milestones, including new levels of user traffic, revenue growth, and profitability," Reddit CEO Steve Huffman said in a press release. They said they're encouraged by Reddit's strong revenue growth, improved profitability and growing daily active unique users.

Persons: Steve Huffman, Snoo, Reddit, JP Morgan, they're, Bernstein, Jekyll, Hyde, that's, Michael Bloom, Jonathan Vanian Organizations: New York Stock Exchange, LSEG, Citi, JP

☆ How Apple's China suppliers could actually benefit from U.S. trade tensions, according to JPMorgan
▼ + stars: | 2024-10-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple's Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of "the great supply chain relocation and the rise of trading blocs." The analysis ranged from China's dominance in the global supply chain and overcapacity concerns, to U.S. policy. Calls for supply chain diversification picked up during the Covid-19 pandemic. "Further, they highlight names that could benefit from Apple's supply chain relocation," the report said.

Persons: Donald Trump's, Trump, Kamala Harris, Oppo, Bernstein, — CNBC's Michael Bloom Organizations: JPMorgan, Republican, Democratic, Biden, Apple, Wingtech, Luxshare Precision Industry Locations: U.S, China, India, ASEAN, Mexico, iPhones, GoerTek, Luxshare, Vietnam, Malaysia, Philippines, Shenzhen, Indonesia

☆ The power sector is 'transforming,' Morgan Stanley says, naming global stocks set to rise 40%
▼ + stars: | 2024-10-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit. "Global power markets have surprised on multiple fronts, and investors are navigating a new normal in the power value chain," they added. Morgan Stanley's analysts named three overweight-rated global stocks in the electricity sector which they give more than 40% potential upside. RWE RWE : Morgan Stanley notes that the German power giant, which generates and trades electricity, is exposed to "tight electricity markets rewarding flexibility + value creation in renewables in Europe & US." AES Corp. AES Corp.: Morgan Stanley highlighted the company's "expanding renewable portfolio" as a theme to watch.

Persons: Morgan Stanley, Morgan, RWE, — CNBC's Michael Bloom Organizations: Frankfurt Stock Exchange, American Depository, AES Corp, U.S, Global X FTSE, Asia, Malaysian Locations: Asia, Europe, U.S, Nasional Tenaga Nasional, Malaysian, Bursa Malaysia, Malaysia

☆ Looking for dividend stocks? Here are Morgan Stanley’s top Asia picks for the fourth quarter
▼ + stars: | 2024-10-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

As investors attempt to navigate volatile global markets, Morgan Stanley is reiterating its recommendation to buy dividend stocks. Morgan Stanley named the world's largest contract electronics manufacturer as its top pick. Shares of Hon Hai are traded on the Taiwan Stock Exchange and are included in ETFs such as the iShares MSCI Taiwan ETF (6.2% weight). Morgan Stanley has a 12-month target price of 270 New Taiwan dollars ($8.42) on the stock, giving it around 30% potential upside. Morgan Stanley has a target price of 8.76 Hong Kong dollars ($1.13) on the stock, implying around 43% upside.

Persons: Morgan Stanley, Morgan, Mogan Stanley, Hai, Brent, CNBC's Michael Bloom Organizations: Asia, Apple, Hai Precision, Taiwan Stock Exchange, New, Hong Kong, Brent, Shanghai Stock Exchanges Locations: Japan, Asia, Pacific, China , Hong Kong, Taiwan, New Taiwan, Hong Kong, U.S

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