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☆ End market weakness coming from industrial and automotive sectors, says Microchip Technology CEO
▼ + stars: | 2024-08-02 | 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 EmailEnd market weakness coming from industrial and automotive sectors, says Microchip Technology CEOGanesh Moorthy, Microchip Technology CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, where the company's weakness and strength are coming from, and much more.

Persons: Ganesh Organizations: Technology

☆ CNBC's Inside India newsletter: Can India's hot deal-making season extend to a free trade agreement?
▼ + stars: | 2024-08-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Customers browse the S1 Pro electric scooter of Ola Electric Mobility Pvt. SoftBank -backed Ola Electric is set to raise nearly three quarters of a billion dollars with a stock market listing. India and four European nations — Iceland, Liechtenstein, Norway and Switzerland — struck a free trade agreement (FTA) earlier this year. "Our Free Trade Agreement negotiations is the floor not the ceiling of our ambitions to unlock our shared potential and deliver growth, from Bengaluru to Birmingham," Lammy said last week before his visit. India and the U.K. also have high rankings on the World Bank's Trade Complementarity Index, which indicates whether countries are natural trade partners.

Persons: Ola, Samyukta Lakshmi, Bharat, Switzerland —, David Lammy, Lammy, Chietigj Bajpaee, Narendra Modi's, Aastha Gudwani, Murugesh Organizations: Ola Electric Mobility, Ola Experience, Ola, Bloomberg, Getty, Mankind, Vaccines, South, House, India, Indian, Bank of America's, NYSE Locations: Bengaluru, India, Iceland, Liechtenstein, Norway, Switzerland, New Delhi, Birmingham, South Asia, Bank of America's India, Singapore, Japan

☆ Here's what usually happens to UK stocks when the Bank of England cuts interest rates
▼ + stars: | 2024-08-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The U.K. stock market is likely to rise over the course of 12 months, if the Bank of England cuts interest rates on Thursday and history repeats itself, according to a CNBC Pro analysis. Economists say the forecasts for whether the U.K. central bank will either reduce or hold rates are a close call. A decision to lower interest rates — which sit at at 5.25% currently — would mark the first time monetary police has been eased in Britain since the hiking cycle began in December 2021. The analysis found that, on three occasions the index had risen more than 20% on average within a year after an interest rate cut. For instance, the domestically focused index of 250 stocks rose by 17% across three months after the Bank of England cut rates in 1998.

Persons: Agne Stengeryte, BoE, Nora Szentivanyi Organizations: Bank of England, CNBC, CNBC Pro, Bank of, Bank, America's, Barclays Locations: Britain, Bank of England

☆ HSBC rises 3% in Hong Kong after profit beat, share buyback announcement
▼ + stars: | 2024-07-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

"Each of these strengths contributed to a good revenue performance in the first half of 2024, supported by higher interest rates." Hong Kong-listed shares of HSBC were up 2.84% at 07:56 a.m. London time in the wake of the earnings beat. The first-half figure nevertheless came in well above the $20.5 billion average of broker estimates compiled by HSBC, according to Reuters. "The strong performance of the business gives us the confidence to say that we'll be mid-teens return in 2025 as well," Quinn told CNBC. "This headwind will be partially offset by hedging and balance sheet growth, but this growth is unlikely to be remarkable.

Persons: Noel Quinn, HSBC's Quinn, —, Quinn, there's, Jefferies, Benjamin Toms, Toms, CNBC's Ganesh Rao Organizations: HSBC, Securities Financing, Global Banking, London and New York Stock Exchanges, Reuters, Wednesday, CNBC, Capital Locations: Hong Kong, London, Britain

☆ Here's what usually happens to stocks when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Any September decision to lower the Fed's target range would be the first time interest rates have fallen since the hiking cycle began in March 2022. However, stocks fell soon after the rate cut in 2001 and 2007 by 13.5% and 20.6%, respectively, due to the dotcom crash and the global financial crisis. The current tightening episode is the seventh in the past 40 years. Historically, the Fed has cut rates because the U.S. economy was heading into a recession or experiencing a notable growth slowdown. While nominal rates peaked at 11.5% at the end of the 1983-84 episode, the current target range of 5.25%-5.50% is the highest this millennium.

Persons: Kevin Kliesen, Louis Organizations: CNBC, CNBC Pro, Federal Reserve, Federal Reserve Bank of St Locations: U.S

☆ These 4 companies — including one backed by Warren Buffett — can leverage AI with their exclusive data, says fund manager
▼ + stars: | 2024-07-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

AI models, such as OpenAI's ChatGPT or Anthropic's Claude, are built by running complex algorithms on large amounts of data. Khodjamirian, who also manages the Monopolies and Oligopolies ETF , named four stocks that he sees as potential winners: Moody's , S & P Global , MSCI , and Intuit . Moody's Using Moody's as a prime example, the fund manager highlighted the company's extensive database on credit decisions. MCO 5Y line S & P Global and MSCI Similarly, Khodjamirian sees potential in S & P Global and MSCI due to their vast troves of financial and index data. His thesis rests on the idea that as AI use becomes more widespread, the value of software — the AI models — may diminish.

Persons: Yuri Khodjamirian, Claude, Khodjamirian, CNBC's, Moody's, they're, Warren Buffett's Berkshire Hathaway, MCO, Meta, Warren Buffett's Organizations: Tema ETF's, P, Intuit, Facebook, Microsoft Locations: Tema, Moody's

☆ 'Rate cut winners': Barclays names global stocks to buy when interest rates are cut
▼ + stars: | 2024-07-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

Barclays has identified a list of global stocks poised to benefit as central banks in Europe and the U.K. prepare to cut interest rates. The European Central Bank and the Bank of England are expected to continue, or begin, reducing interest rates in the second half of this year, continuing into 2025. Barclays economists project that by mid-2025, the ECB's key rate could reach 2.5%, while the Bank of England's rate might settle at 4%. Barclays included the following stocks in its "rate-cut winners basket", among which are: Cellnex Telecom, Royal KPN , Hermes , Zalando , and Siemens Healthineers . While banks are often thought to suffer from lower interest rates, Barclays suggests that any loss in earnings from lower rates could be partially offset by higher lending volumes and reduced provisions for bad loans.

Persons: Royal KPN, Matthew Joyce Organizations: Barclays, European Central Bank, Bank of England, Bank of, Cellnex Telecom, Royal, Siemens Locations: Europe

☆ This JPMorgan ETF has beaten the S&P 500 five years in a row. Here’s how
▼ + stars: | 2024-07-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

However, one exchange-traded fund (ETF) has done just that, beating the S & P 500 index for five consecutive years. The JPMorgan US Research Enhanced Index Equity ETF has beaten the benchmark every year since 2019 and is also outperforming in 2024. However, it wasn't until 2018 that JPMorgan decided to marry this time-tested strategy with the increasingly popular ETF structure. For instance, JPMorgan's ETF is overweight Microsoft shares by 45 basis points compared to the weighting for the stock in the iShares Core S & P 500 ETF. This extensive coverage forms the backbone of the REI strategy, according to Grassi.

Persons: Piera Elisa Grassi, Raffaele Zingone, Grassi, REI, Berkshire, we've Organizations: JPMorgan US, Equity, London Stock Exchange, Borsa Italiana, Deutsche Borse, Six Swiss Exchange, JPMorgan Asset Management, JPMorgan, JPMorgan Global, Vanguard, Berkshire Hathaway, GE Aerospace, Asset Management, CNBC Locations: United States, U.S, Grassi, iShares

☆ CNBC's Inside India newsletter: The tax with potential side effects
▼ + stars: | 2024-07-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Despite its progressive intentions, the tax failed to raise sufficient revenue for the monarch, as people boarded up their windows to lower their tax liability. Window tax was a property tax based on the number of windows in a house. In addition, the minister also lifted capital gains for stock market investors who cash in within a year from 15% to 20%. While the tax raises more than £3 billion ($3.9 billion) annually, it has given birth to far riskier forms of speculation while simultaneously hurting the stock market. However, given the lofty valuations that Indian stock markets currently trade, the tax to skim the excesses might be a positive development over the longer term.

Persons: Nirmala Sitharaman, Ajay Aggarwal, King William III of, Mike Kemp, Upasana Chachra, Morgan Stanley, Siddhartha Khemka, Motilal Oswal, Michael Langham, Abrdn, it's, JPMorgan's Jahangir Aziz, Aziz, Raghuram Rajan, Suman Bery, Bery Organizations: Union Finance, Budget Press Conference, National Media Centre, Hindustan Times, Getty Images, Getty, Budget, Motilal, Institute for Fiscal Studies, Reuters, CNBC, Health, Reserve Bank of India Locations: DELHI, INDIA, New Delhi, India, Mayfair, London, United Kingdom, England, Britain, Kerala, Malaysia, Nipah

☆ These 2 stocks and an ETF will gain whoever wins the U.S. election, says fund manager
▼ + stars: | 2024-07-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the United States presidential election nears, there's one key theme that's expected to continue regardless of who wins: the reshoring of American manufacturing . Tema ETFs runs the actively managed American Reshoring ETF (ticker RSHO), designed to take advantage of this trend. "The American reshoring fund is built on the foundation that the world's not getting any safer. However, the fund manager cautioned that there could be challenges in hiring skilled labor due to the decline in the United States semiconductor manufacturing industry over the years. TSM 5Y line While TSMC is less than 1% of the American Reshoring ETF, Clean Harbors is a top 10 holding with 4.71% allocated.

Persons: Yuri Khodjamirian, CNBC's, PFAS —, Khodjamirian Organizations: United, Republicans, Democrats, Tema, American, Harbors, Clean Harbors, Taiwan Semiconductor, ETF Locations: United States, Tema, North America, Arizona

☆ Bank of America strategist says it's time to get bearish
▼ + stars: | 2024-07-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As stocks pull back from all-time highs, a top Bank of America strategist warned investors to be cautious, citing a series of economic indicators that have historically signaled the end of a rally. "Historically, whenever the unemployment rate has started to rise, it has never gone down again. The unemployment rate unexpectedly climbed to 4.1% in June , tied for the highest level since October 2021. The strategist added that such conditions typically lead to higher risk premiums and lower asset prices, especially given the current elevated market levels. The Bank of America strategist also expressed concern about consumer confidence, which he described as "collapsing."

Persons: Sebastian Raedler, Raedler, Hani Redha, Redha, Peter Lynch Organizations: Bank of America, . Treasury, University of Michigan, Pine, Investments Locations: U.S

☆ CNBC's Inside India newsletter: How will India spend its billions?
▼ + stars: | 2024-07-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. There are high expectations for a "populist" budget since the recent general election results delivered a slimmer than expected win for Modi. The demands from the various members of the fragile alliance could mean the government opens the taps on welfare spending. Bank of America analysts, who are also open to the idea that the deficit may fall, believe it is "refreshing" to see a finance minister "under-promise, over-deliver."

Persons: Nirmala Sitharaman, Hardik Chhabra, Narendra Modi's, Premal Kamdar, Modi, Goldman Sachs, Santanu Sengupta, Sengupta, It's, Goldman, Staples, Adity Suresh, Aastha Gudwani Organizations: Finance, Finance Ministry, India Today, Getty, BJP, Modi, UBS Wealth Management, Bank of America, Reserve Bank of India, UBS, Kamdar, Columbia India Consumer ETF, Hindustan Unilever, Unilever, " Bank of America's, Central Public Sector Enterprises Locations: Delhi, India, New Delhi, Bihar, Hindustan, " Bank of America's India

☆ 'Too cheap to ignore': Buy this under-the-radar global bank with a 9% yield, analyst says
▼ + stars: | 2024-07-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Nordea Bank , the Finnish lender, have been labeled "too cheap to ignore" by investment bank Berenberg. Net interest income – earned through the differences in rates offered to savers and borrowers — grew 7% year-on-year to 3.86 billion euros. "Trading on only 7.5x our [financial year] 2025 earnings — an 8% premium to the sector — we think Nordea is too cheap to ignore. However, the Berenberg analyst believes that Nordea's net interest income is relatively resilient, noting that "the market still underappreciates Nordea's [net interest income] stability, in our view, which contrasts favourably to that of more rate-sensitive Nordic peers." The analyst also said that recent challenges, including a slight miss on second-quarter net interest income expectations or a modest cost increase, should not deter investors.

Persons: —, Frank Vang, Jensen, Hugh Moorhead, Banks, Moorhead Organizations: Nordea Bank, Moorhead Locations: Helsinki, Finland, Sweden, Norway, Denmark, U.S, Germany, Italy, Switzerland, Moorhead

☆ 'Best idea...ever': Fund manager predicts 10-fold rise in this e-commerce stock
▼ + stars: | 2024-07-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Jumia Technologies , a pan-African e-commerce company listed on the New York Stock Exchange, could see its value increase tenfold or more in the coming years, according to hedge fund manager Josh Koren. The company's stock has surged over 270% year-to-date, but Koren, a portfolio manager and chief investment officer of Musketeer Capital , believes it still has significant room to run. Jumia's stock has experienced significant volatility since its initial public offering in 2019. "This company right now is only a $1.2 billion company. "The U.S. has a trillion [dollar e-commerce market cap company].

Persons: Josh Koren, Jumia, Koren, They're, Elon Musk's Starlink, Fawne Jiang Organizations: Technologies, New York Stock Exchange, Musketeer, CNBC Pro, Jumia, Benchmark Locations: Africa, China, Asia, tailwinds

☆ Jefferies names 'yet-to-be discovered AI play' in Taiwan, giving it 42% upside potential
▼ + stars: | 2024-07-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Jefferies has identified a lesser-known and potentially undervalued Taiwanese company poised to benefit from the growing artificial intelligence sector. The investment bank said Insyde Software, listed on the Taipei Exchange, is well positioned to capitalize on the increasing demand for AI-enabled personal computers and servers. Jefferies initiated coverage of Insyde with a research note titled "Firmware Leader and Yet-to-be Discovered AI Play" on July 9 with a "Buy" rating and a price target that suggests a potential 42% upside from current levels. However, the stock has already risen by more than 30% since the ratings action, according to FactSet data, which shows the stock currently offers 17% upside potential. Founded in 1998, Insyde has established itself in the firmware industry, commanding over 50% market share in the personal computer segment, Jefferies suggests.

Persons: Jefferies, Insyde, Matt Ma, — CNBC's Michael Bloom Organizations: Interactive, Microsoft, Nvidia, Qualcomm, Intel, Dell, HP Locations: Taipei, Taiwan

☆ CNBC's Inside India newsletter: Modi in Moscow. What’s new?
▼ + stars: | 2024-07-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Russia's President Vladimir Putin and Indian Prime Minister Narendra Modi take a walk during an informal meeting at the Novo-Ogaryovo state residence, outside Moscow, on July 8, 2024. Indian Prime Minister Narendra Modi and Russian President Vladimir Putin sat down for tea at a country retreat outside Moscow earlier this week. Russia has also supplied India with nuclear fuel since the 1990s and lately has also been helping build nuclear reactors. Consumer inflation in India is high and volatile, which hurt Modi's election performance last month, and the prime minister is doing his best to keep prices down for his citizens. Far from a strategic relationship, India is buying goods from the cheapest supplier.

Persons: Vladimir Putin, Narendra Modi, Gavriil GRIGOROV, GAVRIIL, defund, Modi, Putin Organizations: Indian, Getty, Washington , D.C, NATO Locations: Moscow, Russian, Washington ,, United States, India, Russia, U.S, Ukraine

☆ Citi names undervalued global AI stocks poised for rerating — two were given 50% upside
▼ + stars: | 2024-07-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Citi has identified several undervalued global stocks exposed to artificial intelligence that present substantial investment opportunities. AI has driven approximately half the 11% return in the MSCI All Country World Index so far, according to Citi. The picture resembles the S & P 500 , where mega-cap stocks focused on AI have driven much of the rally. While many AI stocks have benefited from both expanding multiples and upward earnings revisions, Citi has identified a subset of 19 stocks that buck this trend. This dual tailwind of improving valuations and fundamentals has not been present in stocks with medium or low AI exposure — such as those in the table above.

Persons: Drew Pettit, Beata Manthey, — CNBC's Michael Bloom Organizations: Citi, Digital Realty Trust, Apple, Toyota Motor, Visa, ServiceNow, Samsung Electronics

☆ RBC adds 2 global oil and gas stocks to its superbly outperforming energy list
▼ + stars: | 2024-07-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

RBC Capital Markets added two major global oil and gas companies to its Global Energy Best Ideas list. Those additions come as RBC adjusts its list of preferred energy stocks, simultaneously removing Santos , an Australian oil and gas producer. The stocks in the RBC Global Energy Best Ideas list were collectively resilient last month, declining by just 0.5%. However, it still outperformed the iShares Global Energy ETF , which fell by 2.5% during the same time. RBC has been equally bullish on Woodside Energy , Australia's largest independent oil and gas producer, and its inclusion in its energy basket.

Persons: Santos, Greg Pardy, Wael Sawan Organizations: RBC Capital Markets, Global Energy, Shell, Woodside Energy, RBC, RBC Global Energy, Global Energy ETF, Energy Locations: U.S, Europe, Australian, United States, Senegal

☆ Wall Street banks name 10 UK stocks to benefit from Labour landslide win
▼ + stars: | 2024-07-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The U.K.'s center-left Labour Party has won a substantial parliamentary majority in the country's general election, unseating the incumbent Conservatives after 14 years. Manthey and her team picked the FTSE 250 index , which can be traded through exchange-traded funds such as iShares FTSE 250 UCITS ETF or Vanguard FTSE 250 UCITS , over the large-cap index FTSE 100 , as their "preferred post-election trade." The strategists, however, cautioned that historical data pointed toward lackluster returns immediately after the election results. More broadly, the investment bank's economist Anna Titareva said U.K. markets remain "heavily discounted" since after Brexit. After the election results were confirmed, they reiterated their stock preferences: Taylor Wimpey and Persimmon .

Persons: Beata Manthey, Manthey, Anna Titareva, Titareva, Anthony Codling, Taylor Wimpey, Gleeson, Bellway, Investec Organizations: Labour Party, Labour, Vanguard, UBS, Companies, FTSE, FTMC, RBC Capital Markets, Jefferies, Genuit Locations: Swiss

☆ CNBC's Inside India newsletter: An education scandal years in the making
▼ + stars: | 2024-07-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Yet, the system has also exacerbated the social divide between the haves and have-nots, who are confined to the largely abysmal state-run education system. That means entrance tests and examinations are a high-stakes juncture in a person's life. A half-hearted attempt at testing the country's education system in 2021 was aborted when the Covid-19 pandemic hit the country. The company, which offers services ranging from online tutorials to offline coaching, attracted billions of dollars from investors worldwide during the pandemic when online education services were in high demand. One of the companies it bought was an offline test preparation service called Aakash Education Services, which is still expected to IPO this year.

Persons: Firdous Nazir, NurPhoto, Cram, —, Byju's Organizations: Youth Congress, Getty, Testing Agency, Reuters, FIFA, Aakash Education Services Locations: Jammu, Kashmir, India, Kota, Rajasthan, PISA, Kyrgyzstan, Turkish

☆ Wall Street banks name UK stocks to watch as Brits head to the polls
▼ + stars: | 2024-07-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

It would mark the second-highest pre-election performance since 1992, trailing only the 12.6% surge seen before the 1997 election, according to RBC's Fielding. "Overall, should a similar pattern to the 1997 election emerge in the future, the forward 1, 3, and 6-month periods could be notably strong." Genuit , Howden , and Travis Perkins were highlighted in the Building Materials sector, while Taylor Wimpey and Vistry were flagged in the homebuilders category. The bank specifically highlighted Barratt , Persimmon , and Taylor Wimpey as companies likely to benefit from these reforms. "Barratt and Taylor Wimpey remain our preferred Buy-rated names given the opportunities arising from potential planning reforms and relatively undemanding valuations."

Persons: Mark Fielding, RBC's Fielding, Fielding, Genuit, Travis Perkins, Taylor Wimpey, Ami Galla, Galla, —, Labour —, Barratt, Persimmon, " Barratt, AJ Bell Organizations: RBC Capital Markets, Conservative, Labour, RBC, FTSE, FTMC, Materials, AFC Energy, ITM Power, boohoo Locations: Howden, Germany, St, James's, London, Berkeley

☆ Worried about Nvidia? This stock offers clues about when AI will go mainstream, Scotiabank says
▼ + stars: | 2024-07-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

NVDA 1Y line Large cloud computing firms, such as Microsoft , Amazon and Google , have bought billions of dollars worth of AI chips from Nvidia over the past two years. Investors now want to know whether these Big Tech giants will be able to make a return on their investment — a precursor for further spending on AI chips. However, "tentative" signs have started to emerge that spending on AI chips may be spurring investment in the broader economy, Capital Economics said. CGI Inc For clues as to how quickly AI technologies are being adopted, Scotiabank highlighted CGI , a Canadian multinational IT firm that helps companies introduce AI into their business models and operations. The Scotiabank analyst believes that as large companies prepare to start AI spending, CGI is set to benefit and capture any future growth.

Persons: Shant, Neil Shearing, Shearing, Divya Goyal, Goyal, GIB Organizations: Nvidia, Microsoft, Google, Investors, Big Tech, Jennison Associates, Capital Economics, Economics, Scotiabank Locations: Britain, U.S, Canadian, Canada, New York

☆ Tesla up another 3% in premarket trading after better-than-expected deliveries report
▼ + stars: | 2024-07-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous session following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations. Tesla's total deliveries hit 443,956 vehicles in the second quarter, with total production at 410,831 vehicles over the period. Analysts had expected that Tesla deliveries — the closest approximation of sales disclosed by the automaker — to reach 439,000 in the three-month stretch ending on June 30, according to a consensus of estimates compiled by FactSet StreetAccount. In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.

Persons: Tesla, FactSet StreetAccount, — CNBC's Lora Kolodny, Ganesh Rao Organizations: Citi Locations: Los Angeles

☆ These stocks have logged second-half gains every year for a decade — including an AI chip firm
▼ + stars: | 2024-07-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors in 14 global stocks could get lucky over the next six months if history repeats itself. CNBC Pro screened the MSCI World index for stocks that have consistently risen in the second half of each year over the past decade. Broadcom AI chip designer Broadcom had the second biggest upside potential, with Wall Street analysts expecting shares to rise 18% over the next 12 months. Analysts expect shares to rise by 39% over the next 12 months to 300 euros ($322). Since the late 1980s, when markets rose by more than 12% in the first half, they rose every time in the second half of the year.

Persons: Stocks, Booz Allen Hamilton, Berkley, Chubb, Assicurazioni Generali, Sofina, Alimentation, that's Organizations: CNBC Pro, Broadcom, New York Stock, Intercontinental Exchange, CDW Corporation, Swiss, Wall Street, Belgian, TSX, Consumer Staples, RBC Capital Markets, CNBC Locations: Munich, Canada, U.S

☆ Global stocks are up 12% so far in 2024. Here's what to expect next, according to history
▼ + stars: | 2024-07-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

Global stocks ended the first half of 2024 up by more than 12%, and investors stand to make good money over the next six months if history repeats itself. Since the late 1980s, though, after a first-half rise of over 12%, stocks rose every single time in the second half of the year. The analysis also reveals that since 1970, the global stock market index had an average 21.25% price return for the whole year when the index was up more than 12% halfway through the year. The U.S.-only S & P 500 index has behaved in a very similar way to the MSCI World Index since 1989. The stock market had risen by more than 25% in the first half of that year.

Persons: — Organizations: CNBC Locations: U.S

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