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☆ Goldman names Indian stocks to buy ahead of a 'generational shift,' giving one 30% upside
▼ + stars: | 2023-07-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

"We believe India's electricity sector is going through a generational shift as the country looks to balance the economic growth with decarbonization," Goldman Sachs analyst Nikhil Bhandari told CNBC's "Street Signs Asia". Bhandari also told CNBC that India has a unique opportunity in green hydrogen thanks to the viability of round-the-clock renewable electricity. "This is unlike China, where we feel around the clock renewable electricity will be more economical towards the end of the decade." Goldman has a 12-month price target of 265 Indian rupees ($3.24) on NTPC, representing more than 30% upside from the current share price. Shares of SJVN have already risen past Goldman's price target of 55 Indian rupees and now carry a downside risk of 6%.

Persons: Goldman Sachs, NTPC, Nikhil Bhandari, CNBC's, Bhandari, Goldman, — CNBC's Michael Bloom Organizations: CNBC, Tata Power Locations: India, China, NTPC

☆ Here are the only 4 global stocks to raise dividends by more than 10% for the past 15 years
▼ + stars: | 2023-07-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Among the stocks screened by CNBC Pro, the 98-year-old firm offered the highest dividend yield at 3.3%. Dividend yield is calculated as the dividend per share divided by the share price. The dividend yield can go up if the share price drops, and conversely, the yield can drop if the share price goes up. The stock has risen 340% in price returns, which strips out dividend payments, over the past 15 years. If the stock price also appreciates, the total return for the investor (capital gains plus dividends) would be even higher.

Persons: Japan — Organizations: CNBC Pro, Atrion Corporation, Kerry Group Locations: Brussels, Africa, Japan

☆ Bank of America says Europe's oil majors ‘are close to bottoming out' — and names its top pick ahead of earnings
▼ + stars: | 2023-07-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Bank of America believes Europe's oil majors are about to hit an inflection point. This trend reflects investor anticipation for a long-awaited turn in earnings momentum, according to analysts at Bank of America. It named Shell as its "Big Oil top pick." The below table shows European Big Oil companies, the earnings release dates, and Bank of America's 12-month price target and upside potential. Shell As its top pick, Bank of America expects Shell to report strong second-quarter earnings and cash flows.

Persons: Christopher Kuplent, Shell, BofA, TotalEnergies Organizations: of America, Big, Bank of America, Shell, Oil, Big Oil, Bank of America's, BP, outflows, TotalEnergies Bank of America Locations: London , New York, Amsterdam, London, New York, Paris, Norwegian, Oslo

"Is there going to be a challenge to Royal Enfield? It sold fewer than 30,000 motorcycles - less than the number of bikes Royal Enfield sells each month. Triumph said it has received orders for over 14,000 Speed 400 bikes, exceeding its total India sales of the past decade. Still, the frenzy over the new models is reflected in the surge in Google searches about Harley-Davidson and Triumph in India. Improved financing options is also encouraging lower-income buyers to consider premium bikes, said HDFC Securities analyst Aniket Mhatre.

Persons: Davidson, Rishi Vora, brokerages, Harley, Kotak, Royal Enfield's, Eicher, Royal, Shubhabrata Marmar, Enfield, Varun Painter, MotoCorp, Sathish Rao, Aniket Mhatre, Priyanka Kochhar, Indranil Sarkar, Aby Jose Koilparambil, Nandan Mandayam, Saumya Singh, Navamya Ganesh Acharya, Varun, Dhanya Skariachan, Euan Rocha, Christopher Cushing Organizations: Reuters, Bajaj Auto Ltd, Handout, REUTERS, Royal Enfield, Securities, Harley, Royal, Eicher Motors, Reuters Graphics Reuters, ROYAL, Enfield, Mahindra, Mahindra's, TVS, Bajaj Auto, Bajaj, Triumph, HDFC Securities, Thomson Locations: REUTERS BENGALURU, India, Royal Enfield, Bengaluru

☆ These active ETFs beat their benchmarks by more than 15 percentage points this year
▼ + stars: | 2023-07-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

In a market where passive investing often holds sway, a select few actively managed ETFs have well outperformed their respective benchmarks this year. The following 15 exchange-traded funds across various sectors worldwide have posted returns exceeding their benchmarks by more than 15 percentage points over the year to date, despite the uncertainty hovering over global financial markets. South Korean asset manager Timefolio's Carbon Neutral Active ETF delivered the biggest alpha (the difference between the benchmark and the fund's total returns). The fund is up 81% this year and has beaten the broader MSCI Korea IMI index by 59 percentage points, according to Factset data. The fund is up 63% this year in total returns and has beaten the benchmark MSCI USA IMI index by more than 44 percentage points over the same period.

Persons: FactSet, Kevin Paffrath, who's Organizations: CNBC Pro, Timefolio's, Korea IMI, CNBC Locations: Korean, Korea

☆ 'They are real, they are proliferating': Tech investor names 2 internet-of-things stocks to own
▼ + stars: | 2023-07-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

But some niche plays like the Internet of Things (IoT) offer significant potential despite lower hype, according to tech investor Richard Clode. Clode, fund manager at Janus Henderson Investors, named NXP Semiconductors and Impinj as two IoT stocks he sees as long-term winners. One IoT technology he sees hitting its stride is radio frequency identification (RFID) for supply chain tracking. It was hailed in the early 2000s as a breakthrough in supply chain visibility. Their specialty chips that can transmit information wirelessly without batteries or line of sight make them ideal for supply chain applications.

Persons: Richard Clode, Janus Henderson, they've, everyone's, Clode, CNBC's Organizations: Janus Henderson Investors, NXP Semiconductors, Global Technology, Fund, Walmart, UPS

U.S. stocks have made big gains this year, but the performance across global stocks has been uneven so far. So where will global stocks go in the second half of the year? Five of the strategists polled expect global markets to fall, while another five say the stocks will beat their U.S. counterparts. Global market bulls Those who expect global stocks to beat the U.S. are most bullish on the U.K., Europe and Japan. Global market bears Andreas Bruckner, European equity strategist at BofA Global Research, predicts that Europe's Stoxx 600 will end the year at 390 — a nearly 15% decline from Monday's close.

Persons: Christian Abuide, Karim Chedid, Liz Ann Sonders, Charles Schwab, Andreas Bruckner, Mark Haefele, Bruckner, Roger Lee, Lee, Haefele, Carrier Organizations: CNBC Pro, U.S, Lombard, iShares, BofA Global Research, UBS Global Wealth, Nasdaq, UBS, RBC Wealth Management Locations: Japan, China, U.S, Europe

☆ This high-risk global bond fund isn't for everyone, but it's tempting investors with a 10% yield
▼ + stars: | 2023-07-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

For global investors, the Abrdn Frontier Markets Bond Fund is one example of a fund offering substantial returns. What are frontier markets? While there is no formal definition, frontier markets are typically low-income, developing countries with underdeveloped capital markets, according to Daly. Investment director for emerging market debt, Abrdn Kevin Daly The appeal of these frontier markets is twofold, according to Daly. Managing FX risks Managing foreign exchange risk is tricky in frontier markets, where hedging instruments are often inefficient or unavailable.

Persons: Kevin Daly, Daly, Fitch, You've, who's, … Organizations: Markets Bond, CNBC Pro, Monetary Fund, Bank Locations: U.S, Abrdn, Nigeria, Kenya, Iraq, Ecuador, Uzbekistan, Mozambique, Daly, Benin, African, Europe, South Korea, Singapore, Taiwan, stockbrokers

☆ India's Infosys signs five-year AI deal with $2 bln target spend
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 18 (Reuters) - India's second-largest software services exporter Infosys (INFY.NS) said on Monday it has signed a deal with an existing client to provide artificial intelligence (AI) and automation services that will span over five years, with a target spend estimated at $2 billion. AI and automation-related development, modernization and maintenance services are included in the agreement, the company said in an exchange filing. Infosys' move comes after rival Tata Consultancy Services (TCS.NS) said it planned to train 25,000 engineers to get them certified on Microsoft's (MSFT.O) Azure Open AI. Other rival Wipro (WIPR.NS) has plans to invest $1 billion into artificial intelligence (AI) over the next three years. Bengaluru-based Infosys launched a platform called Infosys Topaz for generative artificial intelligence (AI) in late May.

Persons: ChatGPT, Navamya Ganesh, Nivedita Organizations: Infosys, Microsoft, Tata Consultancy Services, Wipro, Thomson Locations: BENGALURU, Bengaluru

☆ ASML, STMicro, Infineon and more: Barclays predicts the AI impact as earnings loom
▼ + stars: | 2023-07-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

"We expect AI excitement to continue (hence our Positive industry view)," said the Barclays analysts led by Simon Coles in a note to clients on June 28. The below table highlights the European chip stocks covered by Barclays, the date of their earnings, and the bank's 12-month price target for each. The stock has potential upside of 37.3%, according to Barclays' analysts; the second-highest on their list. The bank's analysts are optimistic about the company's revenue exposure and anticipate a strong quarter driven by the auto sector. Barclays puts Infineon's upside potential at 40% — the highest on its list of chip stocks.

Persons: Simon Coles, ASML, telco, STMicroelectronics Organizations: Barclays, Samsung, Nokia, ASM, Infineon Locations: Asia, China, EUV, STMicro, 2024E

☆ 'Red-hot upside': This global high-growth tech fund's stock could rise by 180%, says Berenberg
▼ + stars: | 2023-07-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of Molten Ventures, a venture capital fund focused on technology, could rise by more than 180%, according to Berenberg. Berenberg said Molten is currently trading at a 67% discount to its last-reported net asset value (NAV). This should, in turn, result in a substantial increase in Molten's share price. Aujla's note said that most of this decrease occurred in the first half of the year when the gross portfolio value (GPV) declined by 17% due to falling valuations. However, the analyst pointed out that Molten's investment strategy should provide protection against significant portfolio value decreases.

Persons: Draper Espirit, Berenberg, Kurran, Goodbody's Gerry Nennigan, Peel Hunt Organizations: Molten Ventures, British, Nasdaq, Numis Securities Locations: Berenberg . London, U.S

☆ This high-yield bond fund with 'conservative' assets offers 10% in dividends
▼ + stars: | 2023-07-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The Liontrust GF High Yield Bond fund has become notable thanks to one thing: A 10% dividend yield. "It's got a very high-quality credit rating, I would argue," said Donald Phillips, one of the portfolio managers behind the fund. fund manager, Liontrust GF High Yield Bond fund Donald Phillips It also holds debt considered relatively riskier by credit rating agencies but one that Phillips believes has been mispriced. The value of a credit default swap increases when the risk of default rises. He highlighted that their fund yields higher returns and charges lower fees than many similar index ETFs.

Persons: It's, Donald Phillips, Phillips, Fortescue, it's, Biden Organizations: Fortescue Metals, Liontrust, ETF Locations: Europe, CeramTec

☆ Tesla's push into humanoid robots is set to benefit these 5 global stocks in the supply chain, HSBC says
▼ + stars: | 2023-07-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

HSBC identified key stocks in the supply chain that may benefit from Tesla's push into humanoid robots. Tesla launched its human-shaped robot, called "Tesla Bot," last September. But compared with its more seasoned counterpart, Boston Dynamics' Atlas, the Tesla Bot lacks advanced motion control capabilities, HSBC said. The table below shows the five buy-rated stocks expected to be in the supply chain for such robots, according to HSBC. These companies — Japan's Keyence, South Korea's LG Energy Solution, Chinese firms Inovance, Contemporary Amperex Technology (CATL), and Zhejiang Sanhua — are involved in different aspects of the supply chain for humanoid robots, HSBC said.

Persons: Tesla, HSBC's, Elon Musk, Helen Fang, Japan's, Dyson Organizations: HSBC, Boston Dynamics, South Korea's LG, Amperex Technology Locations: South, Zhejiang

☆ UBS upgrades Big Pharma stock after shares drop on poor drug results
▼ + stars: | 2023-07-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

UBS upgraded AstraZeneca 's stock to a "buy" rating despite the drugmaker's trial of a lung cancer medication recently delivering poor results. The investment bank said the subsequent drop in the pharma giant's stock price now meant that "investors can come back to the stock for the performance of in-market products." London-listed shares of AstraZeneca dropped by 8% in a single day, the most in years, after releasing the results of the "TropionLung01" trial for drug candidate "Dato-DXd." UBS expects shares of AstraZeneca to rise by 27% to £13 ($16.8) a share over the next 12 months. These include Imfinzi, a drug for bile duct or gallbladder cancer, and Tagrisso, a treatment for non-small cell lung cancer in adults.

Persons: Michael Leuchten, UBS Michael Leuchten AZN Organizations: UBS, AstraZeneca, pharma, DXd, FDA, Johnson Locations: London, Swiss, Tagrisso

☆ The biggest risk to markets is if the U.S. avoids a recession, strategist warns
▼ + stars: | 2023-07-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Stock markets could suffer if the United States economy sidesteps a recession that many believe is just around the corner, according to Investec equities strategist Roger Lee. Lee said the market is bracing itself for a recession within the next year, a prediction he called the "most widely forecast recession in history." Paradoxically therefore, the greatest risk to U.S. markets is if the recession risk recedes. The implications of this could potentially lead to a downturn in both equities and bond markets, according to the strategist. "Paradoxically therefore, the greatest risk to U.S. markets is if the recession risk recedes," Lee added.

Persons: Roger Lee, Lee, Investec's Lee, —, treasuries, it's, Jeff Cox Organizations: HSBC, CNBC, Dow Jones, Treasury Locations: United States, U.S, London, America

☆ India's Wipro commits $1 bln investment into AI
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, July 12 (Reuters) - Indian IT services provider Wipro Ltd (WIPR.NS) said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. This comes almost a week after rival Tata Consultancy Services (TCS.NS) said it planned to train 25,000 engineers to get them certified on Microsoft's (MSFT.O) Azure Open AI. Companies across the world, from banks to big tech, have doubled down on investments in AI after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI took the world by storm in late 2022. "Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries," Wipro CEO Thierry Delaporte said.

Persons: OpenAI, Thierry Delaporte, Navamya Ganesh, Rashmi Organizations: Indian IT, Wipro, Tata Consultancy Services, Companies, Microsoft, Wipro ai360, Thomson Locations: BENGALURU, Indian, Bengaluru

The bullish view Just four of the 15 strategists expect the S & P 500 to end the year higher than current levels, albeit very slightly. He expects the S & P 500 to end the year at 4,500 — up 2.3% from its current level. Instead, Peng said the S & P 500 's performance will likely broaden over the second half of this year. She expects the S & P 500 to remain flat by the end of the year at 4,300. UBS expects the S & P 500 to end the year at 4,100 — a drop of 7% from current levels.

Persons: Stocks, BlackRock Karim Chedid, Jerome Powell, Karim Chedid, Chedid, Chadha, Charles Schwab Liz Ann Sonders, Ken Peng, Peng, Savita Subramanian, Andreas Bruckner, Liz Ann Sonders, Charles Schwab, Matt Rowe, Mark Haefele, Christian Abuide, Sameer Samana, Rowe, Wouter Sturkenboom, Sturkenboom Organizations: CNBC Pro, Investment, iShares EMEA, BlackRock, Reserve, Deutsche Bank, Citi Global Wealth Investments, Big Tech, Bank of, Equity, Nomura, UBS Global Wealth Management, Federal Reserve, UBS, Lombard, RBC Wealth Management, U.S, Global Market, Wells, Wells Fargo Investment, Nomura Private Capital, EMEA, APAC, Northern Trust, Wells Fargo Investment Institute Locations: U.S, Asia, Europe, Wells Fargo, Northern, Samana

☆ Forget the hype: Barclays identifies global 'A.I. winners' for the long term
▼ + stars: | 2023-07-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence-related services evolves. The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft , are currently seeing the immediate benefits of the AI hype. Still, over the long term, it said businesses in the service sector could cash in significantly. The companies in Barclays' "Global AI Winners" basket include Canada-headquartered Telus and France's Capgemini . The below table highlights non-U.S. stocks in Barclays' basket of AI stocks.

Persons: FactSet, Emmanuel Cau, Capgemini, Goldman Sachs Organizations: Barclays, Nvidia, Microsoft, Telus, France's, Tech, Companies, Tokyo Electron, SoftBank Group, SAP, UK's Sage Group, ASM Locations: Canada, U.S, Taiwan, Tokyo, Europe, Amsterdam

☆ Goldman Sachs issues its verdict on generative A.I. and names top stocks to play it
▼ + stars: | 2023-07-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Goldman Sachs says the recent surge in artificial intelligence stocks is not just hype but is driven by genuine potential in the new technology. Goldman's analysts dismissed some of those concerns and said companies like Nvidia and Microsoft are still trading at reasonable multiples. Stocks exposed to A.I. The analysts also highlighted stocks exposed to the AI trend, including Microsoft , Alphabet , and Amazon , leveraging their vast computing infrastructures to commercialize AI on a grand scale. According to Goldman Sachs, companies like Meta Platforms, Salesforce, Adobe, ServiceNow, Intuit, Capgemini, Pearson, London Stock Exchange Group, and Relay Therapeutics were also exposed to the AI theme.

Persons: Goldman Sachs, ChatGPT, Kash Rangan, Bubbles, Eric Sheridan, Sheridan, Stocks, Pearson Organizations: Robotics, Artificial Intelligence, Street, upstarts, Microsoft, Google, Nvidia, Wall, Marvell Technology, TSMC, Unimicron Technology, Adobe, Intuit, Capgemini, London Stock Exchange Group, Therapeutics

☆ Investors are 'too complacent': Deutsche Bank strategist names two ways to hide from a potential downturn
▼ + stars: | 2023-07-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Investors have become "too complacent" in the calm before a potential storm for stock markets, according to Deutsche Bank's Maximilian Uleer. Stock market volatility is usually indicated through the VIX index and is often considered a barometer of fear and uncertainty in the market. Downside protection for investors Uleer also highlighted a number of opportunities for investors to lock in their gains for this year. In the illustrated example above, the portfolio would suffer a maximum loss of 3.41% even if the stock market declined further, not accounting for trading costs, by mid-December. Potential upside Despite the near-term risks, the market strategist pointed to the travel and leisure sector for upside potential.

Persons: Deutsche Bank's Maximilian Uleer, It's, I'm, Uleer, CNBC's Organizations: Deutsche Bank's, Stock, PMI, Deutsche Bank, Uleer, Downside, Airlines Locations: China, Europe, Refinitiv

☆ India's TCS to upskill 25,000 engineers on Microsoft's Azure Open AI
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, July 6 (Reuters) - Indian information technology (IT) company Tata Consultancy Services (TCS.NS) on Thursday said it plans to train 25,000 engineers to get them certified on Microsoft's (MSFT.O) Azure Open AI. The company also launched its new Generative AI Enterprise adoption offering for clients, making a bet on the rapidly growing artificial intelligence space. Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Navamya Ganesh, Janane Organizations: Tata Consultancy Services, Thomson Locations: BENGALURU, Bengaluru

☆ Rolling recession to rolling recovery? Ed Yardeni says a unique factor has cushioned the economy
▼ + stars: | 2023-07-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The U.S. economy has shifted from a "rolling recession" to a "rolling recovery," according to market veteran Ed Yardeni. Instead, it has experienced what the head of Yardeni Research calls a "rolling recession" — various industries being hit at different times since early last year. In addition, one unique factor influencing the U.S. economy is the large-scale fiscal stimulus, like the Inflation Reduction Act, implemented before an actual recession, according to Yardeni. When questioned about the strength of this recovery, Yardeni confirmed that he'd doubled his growth forecast for the second quarter. Don Mason | Tetra Images | Getty ImagesThe U.S. economy has shifted from a "rolling recession" to a "rolling recovery," according to market veteran Ed Yardeni.

Persons: Ed Yardeni, Yardeni, CNBC's, he'd, Don Mason Organizations: Federal Reserve, Yardeni Research, Goods, Consumers, Deutsche Bank Locations: U.S

☆ Morgan Stanley says 4 cybersecurity giants will benefit from a $30 billion A.I. trend
▼ + stars: | 2023-07-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has named four cybersecurity stocks it expects to gain from the increasing use of artificial intelligence. The investment bank said Palo Alto Networks , Microsoft , Fortinet , and CrowdStrike are set to benefit from a potential $30 billion opportunity AI is expected to unlock in cybersecurity. This trend indicates that there could be a cybersecurity workforce shortage of around 3.4 million people, according to the ISC. They calculated their estimated $30 billion opportunity by talking to more than 20 chief investment security officers and IT security experts. They found that tasks that can be automated currently occupy between 20-40% of a security analyst's time.

Persons: Morgan Stanley, Mogan Stanley, Hamza Fodderwala, PANW, FTNT Organizations: Palo Alto Networks, Microsoft, Information, ISC Locations: Palo, cybersecurity

☆ Global stocks had a strong start to 2023. Here's where they will go next, according to history
▼ + stars: | 2023-07-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Global stocks rose by more than 12% in the first half of this year and outperformed historical averages, according to analysis by CNBC Pro. URTH 1Y mountain Historically, the second half of the year has underperformed the first half, according to the analysis of FactSet data. In addition, the MSCI World index has gained 12% or more in the first half in only 12 years over the same period. However, investors might take comfort in knowing that the second half failed to gain further in only two of those 12 years. The MSCI World has risen marginally more often in the second half than in the first.

Persons: iShares Organizations: CNBC Pro, CNBC

☆ UBS identifies a trigger that could spark a stock market sell-off in the second half
▼ + stars: | 2023-06-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Equities could sell off in the coming weeks due to several factors, including weak global growth and poor company earnings, according to UBS strategists. "Growth is weaker than in the investor narrative and much weaker than priced in markets," said UBS strategists led by chief strategist Bhanu Baweja in a note to clients on June 28. One particular issue UBS strategists noted was the health of the credit market. Matthew Mish, head of credit strategy at the bank, noted that UBS' latest research had noticed an uptick in factors that could worsen credit conditions. When asked about indicators to watch ahead of an increase in credit spreads, Mish pointed to a rise in bankruptcy filings, worsening credit ratings, and falling traded prices for defaulted leveraged loans.

Persons: Bhanu Baweja, Matthew Mish, we've, Mish Organizations: UBS, CCC Locations: downgrades

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