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☆ Here are Goldman's top tech stock picks into year-end
▼ + stars: | 2023-11-16 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs is naming a list of stock picks – including some notable tech behemoths – that could strike the perfect balance of risk and reward as the year winds down. The stock is rated buy, and Goldman has a 12-month price target of $190. Goldman's 12-month price target of $59 implies upside of nearly 10% from Wednesday's close. UBER YTD line Uber shares in 2023 Finally, Google-parent company Alphabet stock has climbed roughly 54% from the start of the year. Goldman's $384 price target suggests upside of 15% from Wednesday's close.

Persons: Goldman Sachs, Eric Sheridan, Sheridan, Goldman, Sheridan's, Meta, CNBC's Michael Bloom Organizations: Tech, Nasdaq, Web Services, Google Locations: Wednesday's

☆ Cisco stock falls 12%, on pace for worst day in over a year
▼ + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

Cisco shares slid 12% Thursday morning, putting shares on pace for the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue guidance for the fiscal second quarter. The company cited a slowdown in orders as customers deployed Cisco products they had purchased in recent quarters. Cisco posted adjusted earnings per share of $1.11, beating the $1.03 LSEG (formerly Refinitiv) estimate. Bank of America analysts said that "the 20% decline in product orders has driven a 6% down swing in FY24 revenue guidance, or a $3.2bn cut."

Persons: Chuck Robbins, LSEG, Goldman Sachs, CNBC's Jordan Novet, Michael Bloom Organizations: Cisco, Bank of America Locations: 3Q23

☆ Here are Thursday's biggest analyst calls: Nvidia, Amazon, Target, DoorDash, Intel, Plug Power & more
▼ + stars: | 2023-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Roblox as buy Bank of America said the stock is becoming "more investable." Deutsche Bank initiates Wayfair as buy Deutsche said in its initiation of the stock that it's a "pure-play e-commerce leader." Deutsche Bank initiates DoorDash as buy Deutsche said in its initiation of the company that it has "superior unit economics." Bank of America initiates Gen Digital as buy Bank of America said it likes the cyber safety vendor. Goldman Sachs reiterates Amazon as buy Goldman said it sees an "underappreciated secular growth opportunity" for Amazon shares into next year. "

Persons: it's, Goldman Sachs, Goldman, 1QFY, Roblox, Price, Stifel, Baird, Catalent, 1HCY24, Piper Sandler, Piper, Philip Morris, Guggenheim, Wells, TD Cowen downgrades Organizations: UBS, Nvidia, Qs, Networks, Palo Alto Networks, 1QFY billings, billings, Bank of America, Products, Deutsche Bank, Deutsche, HSBC downgrades Altice, HSBC, Goodyear Tire, Goodyear, " Bank of America, ITT, of America, Aerospace & Defense, Digital, JPMorgan, Entertainment, Mizuho, Intel, AMD, Amazon, Citi, EV, TD Cowen downgrades Target Locations: HSBC downgrades Altice USA, China

☆ Time to invest in China? The pros weigh in on what sectors and stocks to play right now
▼ + stars: | 2023-11-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

Chinese stocks too have done poorly. 'High confidence in the tradable value' While the Chinese economy "is not very strong," Wong has "high confidence in the tradable value," of Chinese stocks. Stocks to play Goldman is overweight on several sectors including online retail, media/entertainment, tech hardware, health care equipment and services and food & beverage. Other stocks the investment bank sees outperforming "as the China growth story evolves" include internet services provider NetEase , technology hardware manufacturer Xiaomi , and manufacturing conglomerate BYD . China-focused ETFs Elsewhere, Saxo's Wong has his eye on the new infrastructure (such as 5G technology), industrial technology and agricultural technology themes.

Persons: Redmond Wong, Wong, Goldman Sachs, Stocks, Goldman, Saxo's Wong, — CNBC's Michael Bloom, Clement Tan Organizations: Shenzhen Component, Saxo, CNBC, National Bureau of Statistics, Tech, Baidu, Galaxy Entertainment, Mining, China Resources Beer, Miniso, Hong Kong Exchange, CSI Agriculture, CSI 5G Communications, CSI Technology, Enterprises Locations: Shenzhen, China, Taiwan, India, South Korea, Brazil, Mexico

☆ This 'performance chasing' basket of stocks is up 21% in about 3 weeks and has room to run, Wolfe Research says
▼ + stars: | 2023-11-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Investors are chasing performance as Treasury yields decline and stocks rally, Wolfe Research found – and a basket of stocks is poised to build upon these gains through mid-December. Wolfe's basket includes the top 10 performing stocks within the 1,000 companies with the largest market cap. Fifty-one of the 53 analysts covering Nvidia rate it a buy or a strong buy. NVDA YTD mountain Nvidia shares in 2023 Online sports betting company DraftKings also made the list. DKNG YTD mountain DraftKings shares —CNBC's Michael Bloom contributed to this report.

Persons: Wolfe, Chris Senyek, DraftKings, Morgan Stanley, Ed Young, CNBC's Michael Bloom Organizations: Wolfe Research, Treasury, Micro, Nvidia, Citi, Wall Street Locations: treasuries

☆ Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Apple, Disney, Affirm, Dollar Tree, DraftKings & more
▼ + stars: | 2023-11-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone Pro have subsided. Wells Fargo initiates Matador Energy as overweight Wells said the energy company has a "strong track record of growth." Citi upgrades Vipshop to buy from neutral Citi upgraded the e-commerce company after its earnings report. Bank of America upgrades American Eagle to neutral from underperform Bank of America upgraded the stock ahead of earnings next week. Morgan Stanley reiterates DraftKings as overweight Morgan Stanley said it sees more upside for the stock after its investor day. "

Persons: Holley, Jefferies, Wells, Morgan Stanley downgrades Energizer, Morgan Stanley, Bracken Darrell, Matt Puckett, Investor Relations Allegra Perry, Redburn, RTX, Mizuho, AFRM, Cantor Fitzgerald downgrades, Myers, Cantor, We've, it's, DraftKings Organizations: Jefferies, UBS, Apple, Matador Energy, Citi, Bank of America, underperform Bank of America, Barclays, American, Bears, Netflix, Netflix Inc, Air Corp, Vertiv Holdings Co, Wells Fargo, Warner Music Group, JPMorgan, Corp, Investor Relations, Brands Conference, Raytheon, Canadian, TAM, Deutsche Bank, Disney, Deutsche, Nvidia, Partners Locations: China, Europe, Japan, AXP, Paris, CSIQ, Bristol, F4Q

☆ Lawmakers are set to vote to avert a government shutdown. Here’s what it means for markets
▼ + stars: | 2023-11-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Washington may be able to avoid a government shutdown by the upcoming Friday deadline, but that doesn't mean Congress — or the markets — are quite in the clear. House Speaker Mike Johnson said on CNBC's " Squawk Box " on Tuesday that he expects enough lawmakers on both sides to pass his two-step "laddered" continuing resolution. The continuing resolution plan would extend federal funding for some government agencies until mid-January, while other agencies would be funded through early February. The House is expected to vote on the continuing resolution around 4:30 p.m. That doesn't mean that you're not going to have the showdown — it just means that this is the prologue," Salisbury said.

Persons: Mike Johnson, Chuck Schumer, Mitch McConnell, Israel, Goldman Sachs, Jan Hatzius, Benjamin Salisbury, Salisbury, Brian Gardner, Gardner, It's, Eric Diton, Diton, We've, we've, — CNBC's Michael Bloom, Chelsey Cox Organizations: Freedom Caucus, Democrats, Wall, Government shutdowns, Wealth Alliance, Moody's, Service Locations: Washington, Salisbury

☆ A massive market divergence could signal trouble ahead for stocks, BTIG says
▼ + stars: | 2023-11-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

A pullback for stocks could be on the horizon after a unique technical signal was flashed, BTIG said. The Russell 2000 ended last week down 3.2%, while the Nasdaq 100 gained 2.9%. BTIG chief market technician Jonathan Krinsky pointed out there have been just seven other occasions since 1985 that such a divergence has been seen. Eight weeks following this signal flashing, the Nasdaq 100 and Russell 2000 have lost 4.1% and 6.7%, respectively, on a median basis. To be sure, it was last seen on May 2 — and the Nasdaq 100 and Russell 2000 were up 13.9% and 8.6%, respectively, eight weeks after.

Persons: BTIG, Russell, Jonathan Krinsky, Krinsky, —, — CNBC's Michael Bloom Organizations: Nasdaq, American Association of, Bears, Wall

☆ Morgan Stanley picks global 'alpha' opportunities for November — and gives one about 60% upside
▼ + stars: | 2023-11-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

The MSCI Asia ex Japan Index plunged from its January high, losing around 12% since then. Those keen on investing in Asia in the face of such uncertainty can consider Morgan Stanley's selection of Asian stocks it calls "alpha" opportunities for November. Rising prices and falling inventories along with supply cuts and improving demand are positive for margin recovery," the bank said. The company had beaten expectations with significant outperformance in gas marketing and lower-than-expected losses in petrochemicals. These are 10 stocks from the full list of Morgan Stanley's top overweight-rated stocks for November.

Persons: Morgan, Gail, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Shenzhen Component, Alpha, Samsung Electronics Locations: Asia, Japan, Shenzhen, Korean

☆ Morgan Stanley reveals its outlook for Asian stocks, says one major index is set to soar 11% in 2024
▼ + stars: | 2023-11-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Morgan Stanley has revealed a bullish call on Japanese stocks for 2024. China and emerging markets However, Morgan Stanley remains cautious on other Asian markets going into the first half of 2024. The bank's strategists lowered their target for the MSCI Emerging Markets Index to 1,000, implying a modest 4% upside from current levels. They cited slowing global growth, higher interest rates, and currency weakness versus the U.S. dollar as headwinds for emerging markets. Morgan Stanley expects strong nominal GDP growth above 11% annually in 2024 and 2025 thanks to "young demographic and geopolitical alignment," which will drive earnings higher.

Persons: Morgan Stanley, Jonathan F, Garner, Tom Stevenson, Morgan, CNBC's Michael Bloom, Penny Chen Organizations: U.S ., Amundi, Fidelity International, CNBC Pro, U.S Locations: Amundi Japan, Japan, China, India

☆ Goldman Sachs: These 'conviction list' global stocks will benefit from a circular economy boom
▼ + stars: | 2023-11-14 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Rising commodity prices, increased regulation and a growing recognition of sustainability benefits are set to be "key catalysts" of the circular economy, Goldman Sachs said, naming its "conviction list" stocks to play the theme. The circular economy is a system that aims to keep materials and resources in use for as long as possible, with a focus on reuse, rather than dispose. Conviction list stocks The bank named a number of "key stocks exposed to the theme," including Dassault Systemes and SMC Corporation . Both are on the bank's "conviction list" of top buy-rated stocks. Other global stocks on Goldman's list of picks set to benefit from the circular economy include Japanese electronics giant Hitachi , Dutch conglomerate Philips and U.S. waste management company Republic Services , with all three also on the bank's conviction list.

Persons: Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: McKinsey, Accenture, United Nations Environment Program, Dassault Systemes, SMC Corporation, Dassault Systems, Hitachi, Philips, Republic Services

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Disney, Microsoft, AMD, Amazon, Adobe & more
▼ + stars: | 2023-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley downgrades Freyr Battery to equal weight from overweight Morgan Stanley said the battery maker faces "significant challenges." Barclays upgrades Fortrea to overweight from equal weight Barclays said in its upgrade of the health contract research company that it sees improved bookings. Barclays upgrades Mosaic and Nutrien to overweight from underweight Barclays upgraded several potash and aggriculture companies and said a compelling entry point. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on shares of Tesla . Barclays reiterates Disney as equal weight Barclays said it's having trouble finding upside for Disney shares.

Persons: Wells, Needham, Docebo, Morgan Stanley downgrades Freyr, Morgan Stanley, FREY, Andrew Stanleick, Bernstein, Redburn, Goldman Sachs, Goldman, it's, Baird, Kraft Heinz, Miguel Patricio, " Roth, Marvell, Roth, Tesla, laggards, Evercore, TD Cowen, Cowen, We've Organizations: Microsoft, TAM, Deutsche Bank, Deutsche, UBS, Barclays, Mosaic, NTR, ICL, OW, UW, JPMorgan, Apple, Nvidia, Aspen Technology, Kraft, Marvell Technology, Devices, Tesla, Adobe, Disney Locations: BeautyHealth, U.S

☆ Who will be the AI winners of 2024? Morgan Stanley names its favorites
▼ + stars: | 2023-11-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Morgan Stanley thinks Meta Platforms is the "cleanest" generative artificial intelligence play in 2024 as the bank focuses on return on invested capital (ROIC) in its AI stock coverage into next year. Analysts led by Brian Nowak assembled a list of potential AI stock winners for 2024, extending from large caps down to smaller companies that offer similarly bullish outlooks. "AI investments, testing and early capabilities continue to grow across the sector," Morgan Stanley wrote. Among smaller stocks, Uber Technologies was also recommended by Morgan Stanley, which has an overweight rating on the ride-sharing provider. "Uber's scale and liquidity gives drivers higher earnings power and riders lower wait times," Morgan Stanley wrote.

Persons: Morgan Stanley, Brian Nowak, Nowak, Monday's, — CNBC's Michael Bloom, Scott Schnipper Organizations: Wall, Nvidia, Microsoft, Facebook, Technologies

☆ JPMorgan's stock guru Kolanovic says don't buy the market bounce, stocks are overvalued and consumer is in trouble
▼ + stars: | 2023-11-14 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

The S & P 500 is up more than 7% in November, but JPMorgan wrote to clients this week that the rebound is just a head fake. The biggest bank in the country thinks stocks are expensive and consumer spending is set to slow. Rather, "a significant part of this move was technical in nature, driven by momentum strategies and short covering." The hurdles for the stock market are manifold, according to JPMorgan. Instead, JPMorgan recommends a defensive posture in its model portfolio, underweighting stocks and bonds and overweighting cash and commodities.

Persons: Marko Kolanovic, Kolanovic, — CNBC's Michael Bloom Organizations: JPMorgan

☆ A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it
▼ + stars: | 2023-11-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Now, the window is opening on orders for the components that will go into the construction, he added. One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme. "[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added. "The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call. Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.

Persons: Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells Organizations: UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials Locations: U.S, United States

☆ Deutsche Bank says this electric flying vehicle stock will more than double in the next 12 months
▼ + stars: | 2023-11-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Deutsche Bank says Archer Aviation's strong cash balance makes the stock a top pick among electric vertical take-off and landing companies (eVTOL). The bank reiterated a top pick recommendation on Archer in a Monday note and maintained a $12 per share price target. Its eVTOL vehicles are meant for city taxi transport service, and Archer forecasts commercial vehicles will begin flying in 2025. "Overall, Archer remains our favorite name in the group and we maintain our $12 price target." Yu added that Archer's cash balance remains strong and said capital will remain robust into the near future.

Persons: Archer, Edison Yu, Joby, Yu, — CNBC's Michael Bloom Organizations: Deutsche Bank, Archer Aviation, Midnight, US Air Force Locations: Europe

☆ Here's an unusual income play for U.S. investors out of China, according to UBS
▼ + stars: | 2023-11-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Investors looking for dividend plays may want to check out China-based wealth management firm Noah , according to UBS. Noah announced its first dividend payout plan in 2022, and its payout ratio — or the proportion of the company's net income paid out to shareholders as dividends — was equivalent to 17.5%, she said. However, there are likely more capital market initiatives to increase returns to shareholders, Li pointed out. "We expect the company to announce more initiatives to increase market liquidity and shareholder return. We see upside risk to a potentially increased dividend payout ratio for 2023E," she wrote.

Persons: Noah, Helen Li, —, Li, NOAH YTD, We're, Qing Pan, — CNBC's Michael Bloom Organizations: UBS, The, Zhongzhi Enterprise Group Locations: China, U.S

☆ Morgan Stanley's Mike Wilson is out with his new 2024 outlook, and he sees the stock market stuck
▼ + stars: | 2023-11-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Morgan Stanley strategist Mike Wilson sees an eventual earnings recovery for U.S. equities in 2024 — but he sees the S & P 500 rising only to 4,500 over the next 12 months. Wilson, the firm's chief U.S. equity strategist, noted that while the S & P 500 has gained about 15% year to date, the narrow rally has been skewed to the Magnificent Seven. This under-the-surface earnings weakness is forecast to continue into early 2024 before a recovery, he said in a Monday note. "Near-term uncertainty should give way to an earnings recovery as we progress through next year," Wilson said. Wilson has one of the most bearish targets among Wall Street peers in 2023, predicting the broad market index would end the year at 3,900, according to CNBC Pro's Market Strategist Survey .

Persons: Morgan Stanley, Mike Wilson, Wilson, — CNBC's Michael Bloom Organizations: CNBC Pro's, Survey

☆ Here's what Wall Street is saying about obesity drug Wegovy following Novo Nordisk's key study
▼ + stars: | 2023-11-13 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Wegovy contains semaglutide, the same active ingredient in Novo's type 2 diabetes drug Ozempic. A rising tide for Eli Lilly? Though the study was specifically about Wegovy, Wall Street sees a positive readthrough for similar medications from other providers, particularly Eli Lilly 's Zepbound. Similarly, UBS analyst Trung Huynh called the weekend data a "best-case" scenario for Eli Lilly. And the positive outcomes for both in the Wegovy study can be viewed as encouraging for how Zepbound should perform, the analyst added.

Persons: Morgan Stanley, Mark Purcell, Richard Vosser, Peter Verdult, Eli Lilly, Eli Lilly's, Lilly, Andrew Baum, Trung Huynh, That's, it's, Zepbound, Huynh, Citi's Baum, James Shin isn't, Michael Bloom, Christina Cheddar Berk, Angelica Peebles Organizations: Novo Nordisk, American Heart Association, cardiologists, JPMorgan, Citi, ., UBS, North American, Tandem Diabetes Care, Deutsche Bank

☆ Goldman Sachs says investors should go long commodities, sees 20% upside
▼ + stars: | 2023-11-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Investors should take a long position on key commodities with substantial returns expected in 2024, according to Goldman Sachs. OPEC is also expected to keep its crude production cuts in place through most of 2024, according to Goldman. Gold and energy also are potential hedges against supply shocks from geopolitical risks and other developments, according to Goldman. The investment bank views an interruption of trade through the Strait of Hormuz as unlikely, but if such an event did occur the rally would sizable and immediate. It is also gold's time to shine, the investment bank said, with prices rising 5% since the Israel-Hamas war started.

Persons: Goldman Sachs, Goldman, Brent, — CNBC's Michael Bloom Organizations: Goldman, Federal Reserve Locations: Hormuz, Israel

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Oracle, Eli Lilly, Airbnb, Meta, Southwest & more
▼ + stars: | 2023-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.

Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$

☆ Earnings playbook: How to trade the biggest reports this week, including retail giant Walmart
▼ + stars: | 2023-11-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Investors will get a glimpse this week on the state of the consumer with a slew retail companies slated to report earnings. Tuesday Home Depot is set to report earnings before the open, followed by a call at 9 a.m. What history shows: Bespoke data shows Target beats earnings expectations 65% of the time. What to watch: Walmart is riding high, with the stock reaching an all-time high last week on bets of a strong holiday season for the retail giant. What history shows: Walmart was higher in four of the last five earnings days, Bespoke data shows.

Persons: Seth Sigman, Brian Cornell, Michael Lasser, PANW, Hamza Fodderwala, Morgan Stanley, billings, WMT, Oppenheimer, Rupesh, — CNBC's Michael Bloom Organizations: Walmart, Home Depot, CNBC, Tuesday, LSEG, Depot, Federal Reserve, Barclays, Investment, UBS, Palo Alto Networks, Management

☆ This EV battery stock has potential double-digit gains ahead. UBS thinks it could even surge 100%
▼ + stars: | 2023-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Nomura has a price target of 315 yuan — for an upside of nearly 67% from Friday's close. Even after trimming their price target on the buy-rated stock, the analysts have a price target of 266 yuan — just over 40% upside from Friday's close. They have a price target of 284 yuan, or 50% upside from Friday's close. More products coming to market The company already has just over a third of the global EV battery market, with more products on the way, according to Counterpoint Research. Li Auto, which reported record deliveries in October that beat out Tesla , is launching its first purely battery-powered vehicle in December — with a new CATL battery called Qilin.

Persons: That's, Nomura, CATL, FactSet, Peter Richardson, Li Auto, Tesla, — CNBC's Michael Bloom Organizations: Amperex Technology, BMW, Tesla, Union, HSBC, Revenue, VW, Mercedes, Benz, EV, Jefferies, Research, Chery, UBS Locations: Shenzhen, Friday's, EU, Thuringia, Hungary, —, Jiangxi

☆ Altcoins are finally joining the current bitcoin rally as crypto investors turn risk-on
▼ + stars: | 2023-11-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Altcoins were in rally mode this week after lagging bitcoin in its recent climb to new 2023 highs. Bitcoin and ether have been separate from this trend recently, with more investors appearing to treat them as a safety trade compared to smaller, riskier altcoins. "Historically we've seen bitcoin rally, then Ethereum, then alts, and that pattern seems to be repeating as this bull market heats up," he said. "We see as a more likely scenario existing capital shifting from existing bitcoin products such as the Grayscale bitcoin trust, bitcoin futures ETFs and publicly listed bitcoin mining companies, into the newly-approved spot bitcoin ETFs," he said. He also said that bitcoin ETFs already exist in Canada and Europe but haven't garnered much interest from investors since their inception.

Persons: Altcoins, bitcoin, Polygon's, Bitcoin, Rob Ginsberg, Ginsberg, altcoins, – it's, It's, Ryan Rasmussen, Mike Novogratz, JPMorgan's Nikolaos Panigirtzoglou, haven't, Panigirtzoglou, — CNBC's Michael Bloom Organizations: Solana, ADA, ETH, Wolfe Research, Treasury, Bitwise Asset Management, Galaxy Digital, JPMorgan Locations: Canada, Europe

☆ These stocks are 'built for growth' and have major upside, Goldman analysts say
▼ + stars: | 2023-11-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Monday.com , Booz Allen Hamilton, Brink's, Apollo Global Management and Constellation Brands. Booz Allen Hamilton Booz Allen is up 20% this year, but the government and military contractor's stock has more room to run, according to Goldman. Constellation Brands "Built for growth," analyst Bonnie Herzog said in a note, following the beer and wine producer's recent analyst day. Booz Allen Hamilton - buy rating "Booz Allen again beat consensus revenue, growing top-line 15% organically, continuing a pace well ahead of nearly all peers in the national security sector. Monday.com - buy rating "Expect little to no disruption to near-term execution; see Investor Day offering lens into LT growth potential.

Persons: Goldman Sachs, Booz Allen Hamilton, Booz Allen Hamilton Booz Allen, Noah Poponak, Booz Allen, BAH, Poponak, Bonnie Herzog, Herzog, Monday.com, Kash Rangan, Rangan, …, BCO Organizations: CNBC, Monday.com, Apollo Global Management, Constellation Brands, Booz, Goldman, U.S . Staples, TAM, Retail Solutions, Private Credit Locations: Brink's, Government, NYC, Israel, APOs

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