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☆ Buy these growth stocks that are reasonably priced and have earnings momentum as June begins, Jefferies says
▼ + stars: | 2024-06-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Looking ahead, the best path forward for equity investors is to buy GARP stocks, or those that provide growth at a reasonable price. "With peaking rates favoring growth stocks while strong economic data is backing value, we advise traversing the middle path." In a Friday research note, he shared a list of U.S. stocks that fall into the GARP strategy and possess strong earnings momentum. "Long-term investors should look beyond the deep-value cyclicals and extremely expensive growth stocks in favor of sustainable outperformance through stocks with both valuation and earnings support," he wrote. Clothing retailer Abercrombie & Fitch currently has a price/earnings-to-growth ratio of 1.2.

Persons: Jefferies, GARP, Stocks, Morgan Stanley, Evercore, Benjamin Swinburne, Louis Miscioscia, Abercrombie, Fran Horowitz Organizations: Dow Jones, Nasdaq, Jefferies, Netflix, Evercore ISI, Nvidia, Abercrombie, Fitch, Texas Locations: U.S, Progressive

Daiwa raised its price target to $1,325 on Nvidia, calling for more than 15% upside. Mizuho, meanwhile, upgraded PayPal to buy from neutral with a price target that implies more than 45% upside. — Brian Evans 5:46 a.m.: Daiwa increases Nvidia price target, says company is AI's 'big winner' Shares of soaring chipmaker Nvidia have more room to run, according to Daiwa Capital Markets. Analyst Louis Miscioscia raised his price target on the chipmaker to $1,325 from $900, which implies more than 15% upside from Wednesday's close. Nvidia stock has gained roughly 132% in 2024, adding to last year's 238% surge, as investors cheer the company's AI prospects.

Persons: Daiwa, Mizuho, Okta's, OKTA, Peter Levine, Brian Evans, Maheep Mandloi, — Brian Evans, Baird, Michael Ha, Ha, Louis Miscioscia, Miscioscia, Dan Dolev, Dolev, Fred Imbert Organizations: CNBC, Nvidia, PayPal, Mizuho Securities, Solar Mizuho Securities, UnitedHealth, Daiwa, Markets, Mizuho, comm Locations: Wednesday's, OptumCare

Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.

Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's

☆ Computer maker's stock could climb more than 15% on boost from AI, Daiwa says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors should be eyeing Dell as the company's macro outlook improves and an artificial intelligence opportunity grows, according to Daiwa Capital Markets. Dell stock has climbed nearly 72% from the start of the year. DELL YTD mountain Dell stock has climbed 72% from the start of the year. He noted that the company already has a backlog for AI solutions, including its PowerEdge 9680 server, that extends into 2024. "It is very encouraging that Dell is seeing material demand now for their AI solutions, specifically their PowerEdge 9680," Miscioscia said.

Persons: Dell, Louis Miscioscia, Miscioscia, — CNBC's Michael Bloom Organizations: Daiwa, Dell, DELL Locations: 1HCY24

☆ PC market will probably look better in second half of 2023, says financial services firm
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPC market will probably look better in second half of 2023, says financial services firmLouis Miscioscia of Daiwa Capital Markets discusses Intel's 2022 fourth quarter earnings and the outlook for the PC market.

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