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☆ Goldman Sachs says these stocks are a table-pounding buy ahead of earnings
▼ + stars: | 2024-10-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Analysts at Goldman Sachs named a slate of stocks to snap up as earnings season gets underway. Those names include LivaNova , Spotify Technology, TKO Group and ServiceNow. TKO Group The sports media company and owner of the UFC is firing on all cylinders ahead of earnings in November. TKO Group shares are up 56% in 2024. LivaNova Analyst David Roman and his team recently initiated coverage of LivaNova with a buy rating.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Christian Luiga, Stephen Laszczyk, Laszczyk, David Roman, Roman, LivaNova Organizations: Goldman, Spotify Technology, Spotify, UFC, TAM, Sports Media

☆ What Meta's earnings beat may signal for Apple and Amazon
▼ + stars: | 2024-08-01 | 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 EmailWhat Meta's earnings beat may signal for Apple and AmazonMelissa Otto, Head of TMT Research at Visible Alpha, and Sarah Kunst, Managing Director at Cleo Capital, discuss earnings from Meta, Apple, and Amazon.

Persons: Melissa Otto, Sarah Kunst, Capital Organizations: Apple, TMT Research, Meta

☆ 6 top Goldman dealmakers, from Dan Dees to Gene Sykes, reflect on their careers at the investment bank, from junior banker to partner
▼ + stars: | 2024-08-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American

☆ Watch CNBC's full Apple earnings panel with Stephanie Link, Victoria Greene, and Scott Kessler
▼ + stars: | 2024-08-01 | 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 EmailWatch CNBC's full Apple earnings panel with Stephanie Link, Victoria Greene, and Scott KesslerStephanie Link, Hightower chief investment strategist, Victoria Greene, G Squared Private Wealth CIO, Scott Kessler, Third Bridge TMT global sector lead, join CNBC's Steve Kovach and 'Closing Bell Overtime' to talk Apple earnings.

Persons: Stephanie Link, Victoria Greene, Scott Kessler Stephanie Link, Hightower, Scott Kessler, Steve Kovach Organizations: Private Wealth

☆ Apple posts Q3 beat as iPhone revenue comes in above estimates
▼ + stars: | 2024-08-01 | 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 EmailApple posts Q3 beat as iPhone revenue comes in above estimatesStephanie Link, Hightower chief investment strategist, Victoria Greene, G Squared Private Wealth CIO, Scott Kessler, Third Bridge TMT global sector lead, join CNBC's Steve Kovach and 'Closing Bell Overtime' to talk Apple earnings.

Persons: Stephanie Link, Hightower, Victoria Greene, Scott Kessler, Steve Kovach Organizations: Private Wealth

☆ There's an 'old school' corner of the stock market that looks cheap and should benefit from a coming spending boom, BofA says
▼ + stars: | 2024-07-22 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Analysts say infrastructure investments are cheap relative to the rest of the market. "AI/TMT capex beneficiaries are pricing in strong growth after a year of momentum. "AI adoption has accelerated growth in electrical, thermal, and HVAC manufacturers…But unlike TMT, these sectors haven't priced in as strong growth. As infrastructure investment has slowed, manufacturing activity has only sped up, taxing increasingly older infrastructure, and America's roads, bridges and transportation systems show it. AdvertisementThe Bank of America analysts aren't the first to point to a need for increased attention to US infrastructure and industrialization.

Persons: —, Goldman Sachs, Biden's, Savita Subramanian, Biden, aren't, Richard Bernstein Organizations: Bank of America, Service, Analysts, American Society of Civil Engineers, Republican, of America, Investment

Robert Smith, founder, chair and CEO of Vista Equity Partners, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. With this debt, Vista could generate strong returns if Pluralsight's business performed well, according to the sources. They also show that Vista propped up Pluralsight by allowing it to borrow $162.5 million from its private equity fund. "The company experienced rapid deterioration of its business in the first quarter," Vista wrote in a fund document dated May 28. In a May 28 update to fund investors, Vista said Pluralsight's equity value went from $1.5 billion to zero in the first quarter of 2024.

Persons: Robert Smith, Lucy Nicholson, Vista, Pluralsight, Goldman Sachs, Golub, Gustavo Schwed, NYU Stern, It's, Steven Kaplan, Kaplan, Chris Walters, Aaron Skonnard, Walters, Skonnard, KBRA, Milana Vinn, Greg Roumeliotis, Dave Gregorio Organizations: Vista Equity Partners, Milken Institute Global Conference, REUTERS, Vista Equity, Reuters, Cloud, U.S . Securities, Exchange Commission, Vista, NYU, Chicago Booth School, Business, Thomson Locations: Beverly Hills , California, U.S, Vista, BlackRock, Oaktree, Pluralsight, New York

☆ He dropped out of Princeton and wrestles with imposter syndrome. Inside the unusual rise of a Wall Street tech banker.
▼ + stars: | 2024-06-28 | by ( Emmalyse Brownstein | Bianca Chan | ) www.businessinsider.com time to read: +12 min

Read previewAs a kid, Rob Chisholm was not drawn to the fast-paced, jet-setting life of a Wall Street banker. Well, maybe if I wanted to be an investment banker or something, I would care about that, Chisholm remembers thinking. Chisholm, on the other hand, is very open about his unorthodox path to Wall Street and the resulting feelings of being an outsider. AdvertisementWhen Chisholm was in college, he rejected the "cliche" of going to an Ivy League and getting a job on Wall Street. At the time, Chisholm admitted, Wall Street seemed like the "complete opposite in terms of the culture and the incentives" he thought he wanted.

Persons: —, Rob Chisholm, Chisholm, Goldman Sachs, Frank Quattrone, Eager, dealmakers, he's, Wall, Goldman, I've Organizations: Service, Wall Street, Princeton, Business, Ivy League, Citi, Qatalyst Partners, Middlesex, Princeton's, Middlebury College, ACG Partners, Deutsche Bank, Investment Locations: Canada, Antigonish, Nova Scotia, Massachusetts, Vermont, Boston, San Francisco, tooting

☆ With signs of an M&A comeback, Goldman Sachs' bankers are raring to win. Do they still have what it takes following a raft of partner exits?
▼ + stars: | 2024-06-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +13 min

AdvertisementDavid Solomon Goldman SachsPressure-cooker cultureWith signs suggesting mergers and acquisitions could soon return — including the megadeals Goldman specializes in — the firm's dealmakers are itching to end 2024 on a high note. In M&A, Goldman has fallen to No. AdvertisementMark Sorrell Goldman SachsGoldman is also seeking to become more interconnected across its business lines via the One Goldman Sachs program. "They figure that if they're talking to one person at Goldman Sachs, they're talking to everybody." The result, bankers said, is an M&A machine built to withstand threats like star dealmakers leaving for more-nimble rivals.

Persons: —, Goldman Sachs, Bill Quinn, Goldman, Jacki Zehner, Rishi Bali, Hank Paulson, John Thornton, John Thain, David Solomon, Solomon, Dan Dees, What's, David Solomon Goldman Sachs, Gene Sykes, Alison, It's, LSEG, dealmaking, Goldman dealmakers, Momo Takahashi, We've, Mark Sorrell, Mark Sorrell Goldman Sachs Goldman, Sykes, they're, Sorrell, Dees, it's, Dan Dees Goldman Sachs, we're, John Waldron, Kim Posnett, that's, Timothy Ingrassia, Ingrassia, Stephan Feldgoise, I'm, Reed Alexander Organizations: Service, Business, Goldman, JPMorgan, playbook Bank, Wall Street, Competition, & $ Locations: Silicon Valley, London, New York City, Latin America

☆ There are 8 warning signs of a stock market bubble and 6 of them have already flashed, UBS says
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

UBS strategists say six out of eight signs of a stock market bubble are already flashing. In a recent note from UBS, strategist Andrew Garthwaite outlined the eight warning signs of a stock market bubble — and according to Garthwaite, six of them are already flashing. These are the eight stock market bubble warning signs, according to Garthwaite. "We can see this if we look at the TMT period when the NIPA profits fell while stock market profits rose. Extended period of limited declines - Hasn't flashedPrevious stock market bubbles saw a multi-year period of limited sell-offs of less than 20%.

Persons: —, There's, Andrew Garthwaite, Garthwaite, we're, Bubbles Organizations: UBS, Service, Federal Reserve Locations: Garthwaite, Japan

☆ Visible Alpha: Nvidia's incredible growth trajectory is sustainable
▼ + stars: | 2024-05-21 | 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 EmailVisible Alpha: Nvidia's incredible growth trajectory is sustainableMelissa Otto, Head of TMT Sector Research at Visible Alpha, discusses Nvidia earnings and Microsoft's new AI-powered laptop.

Persons: Melissa Otto Organizations: TMT

☆ Billionaire investor Howard Marks says AI's impact doesn't make it immune to a crash
▼ + stars: | 2024-04-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AI is transformative, but it's hard to determine its stock winners, Howard Marks told CNBC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementArtificial intelligence might end up changing the world, but that alone can't determine the success of its underlying assets, Howard Marks said. When it comes to AI, Marks acknowledged the technology's transformative potential, and he himself can't say whether its beneficiaries are already under or overvalued. "So to say well, I think that AI will be very important, that's the easy part," the billionaire investor said.

Persons: Howard Marks, —, it's, Marks, Goldman Sachs, Wall, Steve Eisman, they're Organizations: CNBC, Service, Bank of America

☆ Snap's move on TikTok news is 'a bit premature', says Roth MKM's Rohit Kulkarni
▼ + stars: | 2024-04-17 | 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 EmailSnap's move on TikTok news is 'a bit premature', says Roth MKM's Rohit KulkarniRohit Kulkarni, Roth MKM senior research analyst, and Paul Gallant, TD Cowen TMT policy analyst, join 'Closing Bell Overtime' to talk the TikTok bill in congress and its impact on other social media companies.

Persons: Roth, Rohit Kulkarni Rohit Kulkarni, Paul Gallant, TD Cowen

☆ 38 best stocks to buy for the strongest gains over the next year, according to Deutsche Bank
▼ + stars: | 2024-03-31 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Deutsche Bank's Fresh Money List has beaten the S&P 500 since its inception. It includes favored names from the bank's leading analysts across various sectors. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIf you're wary of following the crowd and think the S&P 500 is too expensive but aren't sure where to look next for gains, consider Deutsche Bank's Fresh Money List. It's a basket of the top stocks that the bank's leading analysts predict will outperform the market over the coming 12 months.

Persons: — Organizations: Service, Deutsche, Business

☆ Goldman gives 4 scenarios for stocks: One sees S&P 500 rallying to 6,000, another calls for a drop to 4,500
▼ + stars: | 2024-03-25 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

The market's surprising rally has lifted the S & P 500 to Goldman Sachs' year-end target before the first-quarter is even over, so the firm is giving clients various scenarios that could happen from here. If their target ends up being correct and stocks pull back, Goldman recommended clients get long its basket of defensive stocks. The S & P 500 is coming off its best week since December, bringing it to 5,234.18. Catch-down scenario: The S & P 500 falls to 4,500, or down 14% from here, as sales growth estimates prove to be too optimistic, especially for the Magnificent 7 Stocks. "Mega-cap exceptionalism" scenario: The S & P 500 finishes the year at 6,000, or up another 15% from here, where expectations for stocks like Nvidia prove correct and investors take the S & P 500 to 23 price-earnings ratio.

Persons: Goldman Sachs, Goldman, David Kostin, Kostin Organizations: CNBC Pro, Wall, Nvidia Locations: That's

☆ Morgan Stanley just named its 3 favorite chip stocks after hosting a big tech conference
▼ + stars: | 2024-03-11 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Moore named Nvidia , Western Digital and Microchip Technology as the investment bank's favorite names coming out of the conference. Computer drive maker Western Digital is the firm's top pick. Western Digital announced in late October that it will split its hard disk drive and NAND memory businesses into two separate public companies. "Every semiconductor equipment company that we talked to highlighted that NAND spending will remain at minimal levels through CY24, even as DRAM spending and cutting edge fab spending hit new highs," he said. Western Digital shares are up 17.9% so far this year.

Persons: Morgan, Joseph Moore, Moore, Morgan Stanley's Organizations: Media, Telecom, Nvidia, Western Digital, Technology, Computer, Western, Digital Locations: CY25

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Netflix, Adobe, Amazon, Eli Lilly, Procter & Gamble & more
▼ + stars: | 2024-03-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Nvidia as overweight Morgan Stanley said the stock is a top idea after coming out of the company's recent TMT conference. " Morgan Stanley downgrades Hyatt to equal weight from overweight Morgan Stanley said in its downgrade of the stock that risk/reward is more balanced. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley said the next catalyst for Eli Lilly is the results from the company's sleep apnea trial. Morgan Stanley initiates Phinia as overweight Morgan Stanley initiated the auto components and supplier company and says it's a "key beneficiary of the EV reset." Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's standing by shares of Meta.

Persons: Morgan Stanley, Oppenheimer, underperform Jefferies, Jefferies, Tesla, Evercore, Tesla's, Tesla's Austin Gigafactory, Wolfe, XEL, Morgan Stanley downgrades Hyatt, JPMorgan, Stifel, Eli Lilly, Truist, Guggenheim, it's, PDD, Locker, Meta, Goldman Sachs, Goldman Organizations: Netflix, Jefferies, Wyndham, Underperform, Wyndham Hotels, Adobe, & Highland, JPMorgan, Energy, Hyatt, Petrobras, Procter, Gamble, Guggenheim, Nike, ICE, UBS, Apple, Meta, & & / Locations: Tesla's, Texas, bullish, China, Kazakhstan, America

☆ Salesforce's service cloud a space where we expect early AI adoption: Third Bridge's Charlie Miner
▼ + stars: | 2024-02-28 | 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 EmailSalesforce's service cloud a space where we expect early AI adoption: Third Bridge's Charlie MinerHilary Frisch, ClearBridge senior research analyst and Charlie Miner, Third Bridge TMT sector analyst, joins 'Closing Bell Overtime' to talk Snowflake and Salesforce earnings.

Persons: Charlie Miner Hilary Frisch, ClearBridge, Charlie Miner

☆ Early recruitment for investment-banking internships left students scrambling this year. Here are 15 ways to get ahead of the ultra-competitive process.
▼ + stars: | 2024-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +22 min

But never had one come this early — one year and eight months ahead of said internship’s start date. While it has always been competitive, the investment banking summer internship process has gotten increasingly premature. As a result, wannabe financiers may want to start getting ready for the process as early as their freshman year. The Internship movieNetwork with upperclassmen firstNetworking is one of the most important aspects of getting a competitive investment banking internship. “A lot of kids don't realize they don't want to do it until they’ve done it for 10 weeks after the internship,” Sibley said.

Persons: Steve Sibley, ” Sibley, Goldman Sachs, Sibley, ”, —, they’re, it’s, you’ll, “, ’ inboxes, You’ll, ‘, ’, Goldman, Don’t, Carlo Allegri, don’t, there's, might’ve, “ I’m, Sturti, you’re, It’s, you'll, would've Organizations: Indiana University’s Kelley School of Business, Business, “, Finance, Bank of America, Citi, BI, Investment, Excel, IB, LinkedIn, Goldman, Getty, Lazard, Reuters, I’m Locations: “, New York City, Manhattan, Chicago, Charlotte, Atlanta, Houston, New York

☆ In cloud, there's AI (which is hot) and everything else (which is not)
▼ + stars: | 2024-02-01 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

There's an "AI Cloud" future that excites investors. So far, Microsoft is winning the "AI Cloud" future. There's the "AI Cloud" future, where Nvidia GPUs and large language models form the foundation of new generative AI services delivered and rented over the internet. Then there's the existing "Cloud 1.0" business, where CPUs and more traditional servers support apps, websites and other software services. Microsoft's Azure cloud business saw revenue grow 28% in its latest quarter (fiscal Q2, calendar Q4).

Persons: —, Mark Schilsky, Schilsky, Goldman Sachs, Bernstein Organizations: AWS, Microsoft, Service, Nvidia, Amazon, Services, Bernstein Research Locations: OpenAI

☆ Megacap dominance today is more similar to the dot-com bubble than investors realize, warns JPMorgan
▼ + stars: | 2024-01-31 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Today's dominance by the "Magnificent Seven" is starting to look eerily similar to how markets were during the 1990s dot-com bubble, according to JPMorgan. By the end of 2023, the 10 largest U.S. stocks, which includes all of the Magnificent Seven names, accounted for 29.3% of the MSCI USA. The 10 largest stocks are: Apple, Microsoft, both share classes of Google parent Alphabet , Amazon , Nvidia , Meta , Tesla , Broadcom and JPMorgan . .SPX YTD mountain S & P 500 To be sure, the valuations of the top 10 stocks in 2000 were "significantly more extreme" than they are today, Chaudhry said. What's more, the top 10 stocks today are more crowded than they were even in 2000.

Persons: That's, Khuram Chaudhry, Chaudhry, Michael Bloom Organizations: JPMorgan, USA, Microsoft, Nvidia, Meta, Broadcom, Apple Locations: U.S, USA

☆ Small-cap stocks are the cheapest they've been since 2000 and are an under-the-radar way to profit from AI, a strategy chief predicts. Here are 5 ways to play their upcoming rally.
▼ + stars: | 2024-01-30 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

A soft landing would greatly boost small caps since they're economically sensitive, meaning they tend to thrive in expansions and fall during contractions. Marcelli also made note of smaller companies' weaker balance sheets, though those are arguably accounted for in valuations. With that said, those positive forces appear to be intact, so small caps could finally break out. Instead of selling AI chips or products, smaller companies can enhance their productivity by using the technology, the strategy chief said. 5 sectors where small caps can thriveWithin small caps, Temple said he's less focused on what sector a company falls into and more concerned with whether that firm is financially healthy.

Persons: haven't, Russell, Marcelli, Ronald Temple, Temple, couldn't, there's, Jack Janasiewicz, Janasiewicz, he's, you've, I'd, they've Organizations: Business, Yahoo Finance, UBS Global Wealth Management, Lazard Asset Management, Temple, Reserve, Savings, Nvidia, Devices, Microsoft

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ Here are the biggest tech stock buys by major investors
▼ + stars: | 2023-11-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Technology stocks have been powering this year's stock market rally despite the threat of elevated interest rates staying higher for longer. For a better illustration of position changes over the course of the quarter, Dick estimated the notional value of the tech buying using "volume-weighted average prices" (VWAP), a common Wall Street yardstick, last quarter. Meta was the stock that saw the strongest buying from professional investors last quarter, Bank of America said. Meanwhile, Activision Blizzard also saw elevated buying from big investors betting that the merger with Microsoft would get regulatory approval and close. Other well-loved tech names that saw increased buying included Uber, Qualcomm , DataDog and Intel .

Persons: Michael Dick, Dick, Meta, Airbnb Organizations: Securities and Exchange Commission, Bank of America, Technology, Media, Telecommunications, Nasdaq, Meta, Activision Blizzard, Microsoft, Uber, Qualcomm, DataDog, Intel Locations: Airbnb

☆ Analyst discusses Sam Altman's ouster and implications for Microsoft
▼ + stars: | 2023-11-20 | 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 EmailAnalyst discusses Sam Altman's ouster and implications for MicrosoftMelissa Otto, head of TMT sector research at Visible Alpha, discusses the OpenAI board's decision to oust Sam Altman as its CEO.

Persons: Sam Altman's, Microsoft Melissa Otto, Sam Altman Organizations: Microsoft

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