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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
Tingshu Wang | ReutersFrom Apple to Starbucks , U.S. consumer brands are reporting yet another quarter of China sales declines. Apple last week reported Greater China sales fell slightly to $15.03 billion in the three months ended Sept. 28, down from $15.08 billion in the year-ago period. The quarterly sales decline reduced Apple's China revenue share to 15.8% of total net sales, down from 16.9% in the year-ago period. Low consumer confidenceU.S. sportswear giant Nike said that Greater China revenue for the quarter ended Aug. 31 fell by 4% year-on-year to $1.67 billion. In Europe, luxury giant LVMH also felt the drag from the China market.
Persons: Tingshu Wang, Tim Cook, Apple, Brian Niccol, Niccol, Matthew Friend, Jean, Jacques Guiony, Isaac Stone Fish, Cummins, Walt, Fish Organizations: Reuters, Apple, U.S, Starbucks, Nike, Carrier, Coca Cola, RTX Corporation, Honeywell, Walt Disney, Caterpillar Locations: Chengdu, Sichuan province, China, U.S, what's, Hong Kong, Macao, Taiwan, Greater China, Europe, Asia, Japan, COVID, Japan Asia
Morning Bid: Relief over US inflation keeps Asia upbeat
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. Indeed, Friday's rise in the yen put it within striking distance of its converging 100-day and 200-day moving averages near 137.00 to the dollar. The Reserve Bank of Australia was also in the spotlight in Asia, with the much-anticipated announcement of its next governor. The rest of the day is light on economic data with euro zone May trade, U.S. export and import prices and University of Michigan consumer sentiment the main releases. But it's a bumper day for bank earnings as JPMorgan Chase (JPM.N), Citigroup (C.N), Wells Fargo (WFC.N) and BlackRock (BLK.N) are all due to report second-quarter results.
Persons: Sarah Silbiger, Sonali Desai, Michele Bullock, JPMorgan Chase, Luis de Guindos, Edmund Klamann Organizations: El Progreso Market, Washington , D.C, REUTERS, Treasury, Bank of, People's Bank of China, The Reserve Bank of Australia, University of Michigan, JPMorgan, Citigroup, BlackRock, Hollywood, Central Bank, JPMorgan Chase, Thomson Locations: Mount Pleasant, Washington ,, Asia, Japan Asia, U.S, Wells Fargo, Brussels U.S
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