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As the year-end nears, CNBC Pro asked three fund managers what global stocks they are buying in the lead-up to 2025, as they attempt to get ahead of the curve. Their average price target is 988.93 Danish krone ($140.10), giving the stock around 25% potential upside. Analysts are divided on the stock, with less than half giving it a buy or overweight rating. The average price target for Rivian is $14.74, according to FactSet data, giving it potential upside of 13.4%. This gives it upside potential of 36.8%.
Persons: , Michele Schneider, Schneider, injectables, Rivian, Donald Trump, Tariq Dennison, Dennison, Midea, Nestle Dennison, Thea Jamison, Jamison Organizations: CNBC Pro, Novo Nordisk, Gallup, pharma, Nasdaq, Rivian Automotive, Volkswagen, U.S . Department of Energy, Midea, GFM Asset Management, Trump, Shenzhen Stock Exchange, Hong, Nestle, Maggi, Change, Samsung Electronics, KBC, Minh Stock Exchange Locations: Danish, Nasdaq Copenhagen, U.S, Georgia, China, Hong Kong, Swiss, Switzerland, Bac City, Asia, Vietnam
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'A lot of obstacles' for energy players despite Trump's bullish rhetoric, says strategistDaniel Gerard of State Street Global Markets sees the recent goldilocks trade in markets as 'unfair optimism', and highlights other concerns he has around the economy, the Fed, and the energy space.
Persons: Trump's, Daniel Gerard of Organizations: Daniel Gerard of State Street Global Markets
Analyst Benjamin Budish upgraded the online brokerage to overweight from equal weight. He also raised his price target of $49 from $26, implying that shares could rise nearly 18% from Friday's close. Robinhood has also benefited from strong stock market gains, leading to greater retail trading activity. "While we do expect a market downturn would negatively impact engagement on Robinhood, the trend in retail trading is now clearer to us as a longer-enduring trend," Budish said. LSEG data shows 11 of 17 analysts covering Robinhood have a buy or strong buy rating, while another five rate it as a hold.
Persons: Benjamin Budish, Robinhood, Budish, Donald Trump Organizations: Barclays Locations: Friday's, bitcoin, Robinhood
Increasing competitive pressures will begin weighing down shares of Advanced Micro Devices , according to Bank of America. AMD YTD mountain AMD YTD chart Arya pointed to Advanced Micro Devices' limited market share gain potential due to "higher competitive risks in AI against best-of-breed NVDA's dominance." Cloud customers have also begun to show their preference for custom chips, further weighing on the company's potential market share. "Recently largest cloud customer Amazon strongly indicated its preference for alternative custom (Trainium/ MRVL) and NVDA products, but a lack of strong demand for AMD," Arya added. Shares of Advanced Micro Devices have slipped 6% in 2024.
Persons: Vivek Arya, Arya, Blackwell Organizations: Bank of America, AMD, Devices, Microsoft, Meta, Oracle, Nvidia
Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."
Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSethi: If we have a strong economy and some inflation, growth will do great. Sarat Sethi, Managing Partner at DCLA, discusses the investment landscape under the incoming Trump administration. He highlights reduced regulatory uncertainty and increased M&A activity as bullish factors, particularly for financial services. Sethi sees opportunities in healthcare and consumer staples despite some uncertainties.
Persons: Sethi, Sarat Sethi, Trump
Oppenheimer initiated the highest 2025 year-end forecast for the S & P 500 among the big names on Wall Street so far. The firm's 7,100 target for the broad market index for 2025 implies 16.7% upside potential from Friday's close at 6,090.27, and 6,200 for the end of this year. Artificial intelligence is a "watershed point" for tech and the economy that could parallel the way cars revolutionized peoples' lives and the economy in the 1920s, Stoltzfus added. He believes all sectors of the market will benefit from the increased productivity from AI advancements. To be sure, while Stoltzfus believes tech will "share center stage" in the year ahead, he advocates for diversification across all market sectors.
Persons: Oppenheimer, John Stoltzfus, Stoltzfus, — CNBC's Michael Bloom
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: TSLA, Katie Stockton Organizations: Tesla Inc, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: TSLA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullish on equities due to U.S. tech exceptionalism and consumer strength: Barclays' Venu KrishnaVenu Krishna, Barclays head of U.S. equity linked strategy, joins 'Squawk on the Street' to discuss what comes together in the next year, if Krishna's sector playbook has changed, and much more.
Persons: Venu Krishna Venu Krishna Organizations: Barclays
Increased advertising spend gives Reddit a leg up over its peers, according to Morgan Stanley. RDDT YTD mountain RDDT YTD chart Morgan Stanley has stayed on the sidelines with Reddit during the year, which analyst Brian Nowak acknowledged as a mistake. This leads to ~35% '24-'27 US Ad revenue growth ... which is 2X-6X faster than peers." Nowak also expects ad spending to increase with Reddit's technological adoption, which includes machine learning modeling and end-to-end automation. He added that Reddit's U.S. ad unit pricing remains around 50% lower than that of its peers.
Persons: Morgan Stanley, Brian Nowak, Nowak Organizations: Reddit
One week ago, they held the 49ers to 10 points, and the 49ers put up 38 on a pretty good Bears defense Sunday. Nguyen: The Bills defense isn’t a suffocating unit but they do enough to complement Josh Allen most weeks. Penix is completely unknown to the world outside the Falcons; their coaches and players have a better feel for his readiness. The only way Penix should be promoted is if Falcons players believe he gives them a better chance to win. If he finds a fit with strong ownership, solid coaching, offensive playmakers and blockers, and a stout defense, Rodgers can make an impact somewhere.
Persons: Aaron Rodgers, Kirk Cousins, Mike Jones, Ted Nguyen, Dan Pompei, Patrick Mahomes, Joe Burrow, Jones, we’ve, Mahomes, Josh Allen, Nguyen, Matthew Stafford, blitzing Stafford, Raheem Morris, Michael Penix Jr, Cousins can’t, he’s, hasn’t, Penix, I’m, Cousins, it’s, Justin Jefferson, Ernest Jones, Geno Smith, They’ve, football’s, they’re, Bryce Young, Xavier Legette, Chuba Hubbard, Dave Canales, Rodgers, Will Levis doesn’t, Kevin O’Connell, Sam Darnold, J.J, McCarthy, Harry Organizations: Panthers, Jets, Athletic NFL, Bills, Chiefs, Rams, Buffalo, 49ers, Bears, NFL, Sunday, Falcons, NFC, Raiders, Giants, Lions, Eagles, Seahawks, Vikings, Packers, disrespected Vikings, The Seahawks, Bucs, Carolina Panthers, Bad, New York Giants, Las Vegas Raiders, Tennessee Titans, New, New Orleans Saints Locations: L.A, Baltimore, Penix, Minnesota, takeaways , Minnesota, Seattle, Carolina, New Orleans, Green
All they know is that it's a bitcoin company, run by one of the asset's most vocal evangelists. Bitcoin per share, and bitcoin value per share, reflect how many bitcoin investors are getting when they buy a share of MicroStrategy. So with a stock price of around $390, each MicroStrategy share gives investors exposure to 0.0017 bitcoin. There are several reasons, including that MicroStrategy's bitcoin count is steadily rising. Kotzman, who owns bitcoin and MicroStrategy shares, is confident that the company's bet — and, by extension, his own — will pay off in the long term.
Persons: Cryptocurrency maven Michael Saylor, MicroStrategy, bitcoin, who've, Michael Saylor, Saylor, Tim Kotzman, Steve Sosnick, Matthew Sigel, Sigel, They'll, they're, Kotzman, it's, Citron, That's Organizations: Nvidia, Business, BTC, Citron Research Locations: bitcoin, MicroStrategy
BNY Wealth is bullish about US stocks and economic growth heading into 2025. Sinead Colton Grant, who's the chief investment officer at BNY Wealth, is once again upbeat about the US economy and stocks. "What seems to be happening across the industry is a straight read across, from 'tariffs equals higher prices equals inflation,'" Colton Grant said. One example Colton Grant cited is the US automobile industry, which struggles to compete with Chinese electric vehicles. As far as sectors are concerned, Colton Grant highlighted a trifecta of economically sensitive groups that stand out: financials, industrials, and energy.
Persons: Donald Trump's, Sinead Colton Grant, who's, Colton Grant, Trump, that's, It's Organizations: Business, Equity, Companies Locations: China, Canada, Mexico, People's Republic
Tyler Richey called the S&P 500's surge to 6,000 back in February. AdvertisementBack in February, Tyler Richey laid out an argument for why the S&P 500 could climb all the way to 6,000. The Dow Jones Transportation Index had surged into the green for the year alongside the S&P 500, a sign that the economy was in a good place. And the S&P 500's relative-strength index had been above 70 for three weeks, which historically meant a rally could go on for much longer. Louis FedRichey's downside target is around 4,800, which would mean a 21% setback for the S&P 500 and a reversion to valuation norms.
Persons: Tyler Richey, Charles Schwab, Richey, isn't, Louis, Goldman Sachs, David Kostin, Rob Arnott, There's, David Rosenberg, Rosenberg Organizations: Dow Jones Transportation, JPMorgan, UBS, Trump, Board, Treasury, Consumers, Wall, Research
The trick, though, comes in trying to distinguish between a bull market feeding off rational fundamental positives and one that has grown so frisky as to be acutely risky. What's clear for sure is that we've entered the "belief" phase of this bull market, which is more than two years old yet is showing few of the telltale signs of ending very soon. Wall Street turns bullish Brokerage-house strategists as a group were far too cautious entering 2023, the S & P 500 staying ahead of the consensus target virtually all year. Yet we think there will be fewer checks when stocks are running up, creating the potential for risk appetite to turn frothy." Just normal bull market?
Persons: we've, Todd Sohn, Donald Trump, Donald Trump's, anecdotally, David Rosenberg, Rosenberg, YTD, Stephen Suttmeier, Goldman Sachs, DocuSign, industrials Organizations: telltale, Strategas Research, Wall, Rosenberg Research, Blackrock Investment Institute, Blackrock, Bank of America, Robinhood, Cloud Computing, Trump, Big Tech, Leuthold, Fed
Morris: Wage growth could impact inflation and concern the Fed.
  + stars: | 2024-12-06 | 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 EmailMorris: Wage growth could impact inflation and concern the Fed. Daniel Morris, Chief Market Strategist at BNP Paribas Asset Management, discusses the upcoming jobs report, focusing on wage growth and its impact on inflation and the labor market. He believes wage growth will support consumer demand and corporate profits, especially with productivity gains from AI. Morris is also bullish on small-cap stocks, expecting them to benefit from rate cuts and domestic policies.
Persons: Daniel Morris, Morris Organizations: Morris, Asset Management
CNN —President-elect Donald Trump on Friday said he has confidence in Pete Hegseth, even as he acknowledged “people were a little bit concerned” about his pick to lead the Pentagon amid a series of allegations related to drinking and sexual misconduct. I mean, people were a little bit concerned,” Trump told NBC’s Kristen Welker in an interview at Trump Tower. So, we’ll be working on his nomination, along with a lot of others.”Asked whether he thinks Hegseth can earn Senate confirmation, Trump said, “I think he will, yeah. I’ve had a lot of senators call me up saying he’s fantastic.” But Trump said he has not gotten any assurances from senators that he’ll be confirmed. Andrew Harnik/Getty ImagesSome of Trump’s allies have ramped up public pressure on senators who have so far declined to commit to supporting Hegseth.
Persons: Donald Trump, Pete Hegseth, , Pete, ” Trump, NBC’s Kristen Welker, He’s, , Hegseth, Trump, I’ve, he’ll, Welker, he’s, JD Vance, We’ve, ” Vance, , Timothy Parlatore, Andrew Harnik, Ron DeSantis, Iowa Sen, Joni Ernst, Ernst, CNN’s Aaron Pellish, Kaanita Iyer, Kristen Holmes, Jeremy Herb, Alayna Treene, Eric Bradner Organizations: CNN, Trump, Princeton, Harvard, Capitol, Republican, Pentagon, FBI, Russell Senate, Florida Gov Locations: Ohio, Russell, Washington , DC, Iowa
How Harvest's Paul Meeks sees tech next year
  + stars: | 2024-12-06 | 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 EmailHow Harvest's Paul Meeks sees tech next yearPaul Meeks, Harvest Portfolio Management chief investment officer, joins CNBC's 'Money Movers' to discuss the record highs across big tech, which tech companies he is bullish on, and more.
Persons: Paul Meeks Organizations: Portfolio Management
AdvertisementDonald Trump named David Sacks, a former PayPal exec, as his crypto and AI czar. Crypto leaders see Sacks' appointment as a chance to boost US competitiveness. President-elect Donald Trump has appointed David Sacks as his crypto and artificial intelligence czar — and Silicon Valley leaders and venture capitalists at the forefront of those domains appear to be elated. A Silicon Valley veteran, Sacks has backed heavyweight startups such as xAI and SpaceX through his VC firm Craft Ventures. AdvertisementBrad Garlinghouse, CEO of crypto platform Ripple, echoed the sentiment in a post on X on Thursday, writing that Sacks "understands tech inside and out, and importantly, will push forward President Trump's crypto and AI pro-innovation plans."
Persons: Donald Trump, David Sacks, Sacks, Crypto, Elon Musk, David, Trump, Shaun Maguire, Maguire, Palihapitiya, Sam Altman, They've, Paul Atkins, Cyrus Fazel, Tyler Winklevoss, Atkins, Markus Maier, Brad Garlinghouse, Trump's Organizations: PayPal, Tech, Silicon, SpaceX, Craft Ventures, Big Tech, Sequoia, Trump, SEC, Winklevoss Capital Management, Sacks Locations: Silicon, America, OpenAI's, Europe, Switzerland
Macquarie has named several Asian companies as its top picks for 2025, with predicted gains ranging from 50% to over 80% in their share prices. The investment bank screened for 25 companies that have strong market positions, clear growth catalysts, solid financial fundamentals and are set to "prosper in the year ahead." SK Hynix Korean memory chip maker SK Hynix is another stock expected to see its shares rise by 50%, driven by increasing demand for AI memory chips. Meituan Chinese technology and food delivery company Meituan is also among Macquarie's top picks for 2025. Any future stimulus measures announced by the Chinese government is also likely to benefit the stock, the bank said.
Persons: Macquarie, YTL, Kia Macquarie, Macquarie's Organizations: Kia, Tokyo, SK Hynix, Nvidia, Hanwha Aerospace Locations: U.S, Macquarie, Asia, Tokyo, China, SK Hynix Korean, Hanwha Aerospace Korean, Europe, East, Southeast Asia, Ukraine, Hong Kong
AdvertisementThe Fed doesn't need to cut rates, according to JPMorgan Asset Management's Bill Eigen. The Federal Reserve may not have as much room to cut interest rates as it thinks, and central bankers would be better off skipping another decrease in December, according to one JPMorgan bond expert. Bill Eigen, the head of the Absolute Return and Opportunistic Fixed Income team at JPMorgan Asset Management, cautioned markets ahead of the Fed's next meeting, adding that he believed the central banks should pause cutting interest rates. The interest rate outlook remains mixed on Wall Street, with some forecasters expressing hesitation at the possibility of taking interest rates much lower. Deutsche Bank suggested the Fed may not be able to cut interest rates at all in 2025, thanks to higher inflation risks stemming from some of Trump's proposed policies.
Persons: Bill Eigen, We've, Eigen, Trump's, Goldman Sachs Organizations: Asset, Federal, JPMorgan Asset Management, CNBC, Deutsche Bank
The market rally may experience a hiccup in the beginning of 2025 as signs of froth are appearing in the market. "For the here and now, there may be too many charged up bulls," Yardeni wrote in a Thursday note. "Contrarian indicators are turning bearish, suggesting the new year might start with a stock market pullback," he added. Yardeni expects any pullback will likely be short lived, which could present an opportunity for investors to buy in. "We think the Roaring 2020s could turn into the Roaring 2030s," Yardeni said.
Persons: Yardeni, financials, Organizations: Investors Intelligence
The jobs report for November came in better than expected , and that growth came from several different areas of the U.S. economy, according to the data. Meanwhile, government – a category that had the second-biggest contribution two months ago – came in just behind leisure and hospitality last month. Last month, those categories saw gains of 22,000 and 26,000 jobs, respectively. Retail trade, which lost 28,000 jobs, was also a key weak spot of the report. And unless there's a turnaround in other sectors soon, Pollak believes the pace of overall job growth will "slow further."
Persons: , Hurricanes Helene, Milton, Julia Pollak, ZipRecruiter, Pollak, Banks, Trump Organizations: of Labor Statistics, Boeing, Hurricanes, CNBC Locations: U.S
Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgrades Robinhood to buy from neutral Goldman says Robinhood has "best in class earnings growth." UBS upgrades Kingsoft Cloud to buy from neutral UBS says growth is poised to accelerate from the cloud computing solutions company. UBS initiates Glaukos as buy UBS says the opthalmic disease company has upside potential. UBS upgrades Peloton to neutral from sell UBS said in its upgrade of the stock that it likes the company's new CEO. Bank of America upgrades Altria to buy from neutral Bank of America says the tobacco company is a Trump beneficiary.
Persons: Goldman Sachs, Goldman, Robinhood, Jefferies, Deere, RSG, KC's, KeyBanc, Needham, Jones Lang Lasalle, it's bullish, Guggenheim, Tesla, TD Cowen, Cowen, CLH, Raymond James, Abercrombie, Trump, LY Organizations: Deere, BMO, Republic Services, UBS, Goldman, Accenture, Apple, Nasdaq, Constellation Brands, Beverage, Weyerhaeuser, WY, Bank of America, Jefferies, Caterpillar, Deutsche Bank, Marvell, Broadcom, Nvidia, Fitch, Abercrombie & Fitch, JPMorgan, PT, of America, " Bank of America, Molson Coors, TAP, underperform Bank of America Locations: CN, Canada
Amazon unveiled a new series of AI models called Nova this week. Amazon believes AI models are not in a winner-take-all market. Google has a leading AI model in Gemini, but also provides access to other models through its Vertex cloud service, and Microsoft has a similar offering. As a result, Anthropic, which Menlo Ventures has backed, doubled its share in the AI model market to 24% this year, while OpenAI's share dropped from 50% to 34% year-over-year, according to the report. Having its own advanced, powerful AI models could help Amazon.
Persons: OpenAI, AWS's, Swami Sivasubramanian, Sivasubramanian, Swami Sivasubramanian Noah Berger, Noah Berger, ChatGPT, Andy Jassy, he's, Jassy, Rahul Parthak, Parthak Organizations: Amazon, Services, Companies, Google, Microsoft, Menlo Ventures, AWS
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