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☆ A longtime bear is ‘creeping back’ into tech — and has some picks to play it
▼ + stars: | 2023-03-22 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Tech investor Paul Meeks — an unabashed longtime tech bear — is also beginning to warm to the sector. "I'm creeping back into the sector after long advocating an underweight position in it," he said in notes to CNBC on Friday. Chip makers NXP Semiconductors and STMicroelectronics also made Meeks' list, with the tech investor saying they are two stocks that he "likes very much." Outside of semiconductors, Meeks is also looking at German software firm SAP . "Keep an eye on SAP because this windfall for them could be a really nice blessing, a game-changer," he added.

☆ Goldman’s Oppenheimer says stocks will stay ‘fat and flat’ — and reveals how to trade it
▼ + stars: | 2023-03-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

But stock markets are not out of woods yet, according to Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer. He believes contagion fears around the banking sector are just one of several risk factors afflicting stocks, and predicts the market will remain "fat and flat" in the near term. He said U.S. stocks continue to look stretched and offer "very little return," while cash and short-duration debt looks "very attractive" relative to stocks. How to trade it Despite uncertainty in the European banking sector, Oppenheimer believes European stocks will continue to outperform their U.S. peers. Outside of stocks, he is also overweight cash in his global asset allocation, given greater uncertainty about the near-term path for corporate profits.

☆ From Tesla to under-the-radar battery stocks: Wall Street has a playbook for the EV boom
▼ + stars: | 2023-03-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

The bank's "Battery Electric Vehicles Basket" comprises several stocks across the EV supply chain, including automakers Rivian , Lucid and Li Auto . This may be the opportune moment for Chinese EV brands to knock on the doors of Europe." Among the Chinese EV makers, BYD, Nio and Xpeng are "the ones to watch," according to Bernstein. "We expect Chinese EV players to find better success targeting the compact, mass market EV segment that has so far been under-penetrated in Europe," the bank said. Tesla and under-the-radar plays Tesla is one of Deutsche Bank 's top picks in the EV space.

☆ Tesla vs. BYD: Market pros pick their favorite electric vehicle giant
▼ + stars: | 2023-03-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Tesla has long been an investor favorite for exposure to the electric vehicle transition, but not everyone is convinced. Berkshire Hathaway-backed BYD , for example, is often touted as a better bet than Tesla. BYD is so much ahead of Tesla in China ... it's almost ridiculous," Charlie Munger, vice-chairman of Berkshire Hathaway, said last month . "Long term, Tesla is not a car company and that's the difference. 'Take profit' in Tesla Wall Street veteran David Trainer has a more bearish view, however, as he urged investors to "take profit" in Tesla.

☆ Want an annual investment return of up to 12%? This 'boring' strategy's the way to go, investor says
▼ + stars: | 2023-03-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"I know it sounds boring, but we do try and look at where we think things will be in three to five years' time. A discount rate is the rate of return used to discount future cash flows back to their present value. Desmond said the firm applies a discount rate of 8% across its portfolio, which remains constant across the entirety of a financial cycle. I think if you keep moving your discount rate around every day, your valuations get very, very sensitive and it can really just whipsaw you. Stick to the 'Steady Eddies' Desmond characterizes the firm's investment approach as "a bit boring."

☆ ‘Chaos creates opportunities’: Strategist says to look beyond the SVB fallout — and names his top picks
▼ + stars: | 2023-03-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Markets calmed somewhat Tuesday, and Kenny Polcari, chief market strategist at SlateStone Wealth, believes the worst of the equity sell-off is over. "There's a lot of damage done to some of these stocks and they're going to need to rebalance. You need health care, you need consumer staples, you need energy. So yes, I think there are opportunities certainly in the health care space that are good dividend payers as well," he said. While the stock is not a "big sexy tech name," it is a "solid, great drug name," according to Polcari.

☆ As tech gets hit again, strategists say these stocks present a buying opportunity
▼ + stars: | 2023-03-14 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Meanwhile, Fed Chairman Jerome Powell said last week that interest rates are likely to remain "higher than previously anticipated" — usually viewed as bad news for the tech sector. But some market pros see the volatility as an opportunity to snap up growth stocks at bargain prices. Big Tech stock picks Speaking last week, before the sell-off, Sylvia Jablonski, chief investment officer at Defiance ETFs, urged investors to watch for pullbacks. AI is expected to grow at a compounded rate of 37% by 2026, Jablonski added, citing research by global market intelligence firm International Data Corporation. Firetrail Investments' Anthony Doyle also identified Microsoft as a tech stock he's bullish on , despite the volatility.

☆ About 61% of overseas foreign workers from the Philippines are women, says statistics authority
▼ + stars: | 2023-03-10 | by ( Jp Ong | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAbout 61% of overseas foreign workers from the Philippines are women, says statistics authorityOverseas foreign workers from the Philippines are often subjected to long working hours and exploitation. CNBC's JP Ong reports.

☆ Bonds yields are soaring. But this strategist says she's still a fan of these 'compelling' stocks
▼ + stars: | 2023-03-09 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Bonds may have become more appealing as Treasury yields hit new highs. But investment strategist Amy Kong says stocks are still attractive. Bonds compete with stocks for investor dollars, so when bond yields rise, stock prices can go down. But Kong remains upbeat on the longer term. Valuations remain a critical metric to consider as higher price-to- earnings stocks carry greater downside risk.

☆ Strategists say it’s a stock picker’s market right now — and name their top picks
▼ + stars: | 2023-03-08 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Against this backdrop, a slew of strategists are calling it a stock picker's market and advising investors to be particularly mindful of the companies they invest in. "You really do need to have discipline, but this is definitely a stock picker's market. The SOXX, which offers investors exposure to a basket of U.S.-listed semiconductor stocks, is up more than 20% this year. She believes the current macro backdrop is a "stock picker's scenario" that calls for "an active trading environment." The stock has a current dividend yield of 2.7%, higher than the industry average of 0.8%, according to FactSet data.

☆ Veteran investor says we're in another bear market rally — and names the stocks to trade it
▼ + stars: | 2023-03-07 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite the volatility, the Dow Jones Industrial Average , S & P 500 , and Nasdaq Composite all remain in positive territory — but market watchers are divided on whether this is the start of a new bull market or just another bear market rally. Michael Landsberg, partner and chief investment officer at Landsberg Bennett Private Wealth Management, is firmly in the latter camp. Several risks remain in the market, according to Landsberg. For example, short-duration fixed income is an "attractive" area of the market right now, according to Landsberg. One sector that Landsberg is avoiding is "profitless tech," as he believes earnings in the sector will continue to decelerate.

☆ Wall Street pros name the biggest risk to stock markets — and how to trade it
▼ + stars: | 2023-03-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Top of mind, however, is undoubtedly the path of interest rate hikes, with market pros nervously looking to the Federal Reserve's next rate decision on Mar. Anastasia Amoroso, chief investment strategist at iCapital, believes the "biggest market risk" right now is the Fed raising the terminal rate to a range of 6% to 6.5%. One obvious area fixed income, with Ma Yung-Yu, chief investment strategist at BMO Wealth Management, calling the asset class a "welcome relief and benefit to the portfolio." David Dietze, managing principal at Peapack Private Wealth Management, believes investors should "stay the course" in stocks. He noted that stock prices are "off their highs" — and the market has never failed to rebound to new highs.

☆ Jumping on the China bandwagon? Analyst reveals whether A-shares or H-shares are a better bet
▼ + stars: | 2023-03-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

But the euphoria around the reopening has since tapered off, with several key benchmarks in Hong Kong and mainland China paring some of their gains since the beginning of the year. The pullback could be a good opportunity for investors to buy Chinese stocks at more palatable prices, according to Bernstein analyst Rupal Agarwal. A-shares are shares of publicly listed Chinese companies that trade on Chinese stock exchanges. The trading of H-shares is done on the Hong Kong Stock Exchange in Hong Kong dollars. Given China's strict capital controls, A-shares are generally available for trading only to mainland Chinese citizens, while H-shares are more freely tradeable.

☆ A.I. is all the rage. This investor shares a less obvious way — and one stock — to play the trend
▼ + stars: | 2023-03-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

And according to tech investor Mark Hawtin, there's a smart way to jump on the trend: playing the data theme. But Hawtin, investment director at Zurich-based GAM Investments, has identified data as another way to get into the game. Data generation is growing by between 30% and 40% every year, according to Hawtin, who added that he likes data storage companies. The U.S. data storage company Seagate. Hawtin isn't the only one to flag hardware companies as a way to invest in AI.

☆ Is the traditional 60/40 portfolio dead? Morgan Stanley's Jim Caron has a theory about that
▼ + stars: | 2023-03-02 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

2022 was the worst year the "60/40 portfolio" had since 1926 . But Morgan Stanley 's Jim Caron is unconvinced by the rally, calling the 60/40 strategy "a thing of the past." "But that was when interest rates were falling from 1980 to 2021. The logic of holding a 60/40 portfolio for the long term appears "broken," he wrote in a Feb. 13 note. The shift from a 2% [average fed funds rate] world to a 5% world means structurally higher inflation and interest rates," he said.

☆ Is ChatGPT the tip of the iceberg? Analysts reveal potential A.I. uses — and the stocks to play it
▼ + stars: | 2023-03-01 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

ChatGPT is considered by far the most successful generative AI tool to date. But while ChatGPT is undoubtedly the talk of the town, HSBC believes it could just be the tip of the generative AI iceberg. However, there is the potential for Generative AI to have a significant impact on several sectors of the economy," the bank said. How to play it Morgan Stanley has named a raft of global stocks to play generative AI. Medical diagnostics Meanwhile, Canaccord Genuity in a Feb. 20 note highlighted the implications of AI on the medical diagnostics sector.

☆ 'High-quality' and 'reliable': Investor says Apple is a good stock for a volatile market
▼ + stars: | 2023-02-28 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

But the path of interest rate hikes remains uncertain amid stubbornly high inflation and the continuing strength of the U.S. consumer, while the prospect of a recession persists in the minds of investors. Against this backdrop, tech investor Mark Hawtin believes Apple could be a safer bet within the mega-cap space. I think if the macro remains uncertain, then Apple remains a good stock to hold, because it provides certainty in an uncertain environment. "I think [Apple] will always overcome the supply chain obstacles in the end. Analysts think the stock could go higher, with about 78% of those covering the stock rating it a "buy" and giving it average upside of around 15%.

☆ Investor says tech has yet to bottom — and reveals the mega-cap stocks to avoid
▼ + stars: | 2023-02-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Tech stocks have been on the up this year; the Nasdaq Composite is the best-performing Wall Street index, up around 11% since the start of 2023. But tech investor Mark Hawtin believes the sector's resurgence is nothing more than just another bear market rally. "At the end of the day, Google and Facebook are advertising businesses, they use technology to run their platforms, but they are dependent on advertising," Hawtin said. About 88% of analysts covering Alphabet rate it a "buy," and give it average upside of 36.3%. Meta is also well-liked by analysts, with 67% of its analysts giving it a buy rating, and potential upside of 19.3%.

☆ Asia tech is back, Bernstein says, naming Alibaba and 5 more top picks
▼ + stars: | 2023-02-24 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

China's reopening is seen as a major tailwind for stock markets this year, and Bernstein has shared a list of stock picks to cash in — which it says also provide downside protection. The bank said it favors "laggards" — beaten down stocks of last year — as providing the "best exposure" this quarter in Asia. Add tech stocks One sector that Bernstein likes is tech. Bernstein also likes Tencent , with the bank expecting Tencent to be a "share winner" in advertising in the "next few years." Alibaba should benefit from reopening, but Pinduoduo and JD market share trends should look stronger in the medium term," the bank said.

☆ Wall Street loves Alibaba right now. Here's what to expect from the tech giant's earnings
▼ + stars: | 2023-02-22 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Since the turn of the year, more and more Wall Street banks have turned bullish on the Chinese tech sector, with Alibaba emerging as a favorite stock. The Chinese tech giant, which spans e-commerce, technology and internet segments, is due to report its earnings for the December quarter on Thursday. The bank has named Alibaba its "top pick" in the Chinese tech sector for the first time in three years. Morgan Stanley has a base-case price target of $150 on Alibaba, and a bull-case price target of $200. "We believe the 2-year long earnings downward revision cycle has likely bottomed," Goldman said, giving Alibaba a price target of $138.

☆ Nvidia vs. TSMC: Wall Street pros name their favorite stock as chip battle heats up
▼ + stars: | 2023-02-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Warren Buffett's Berkshire Hathaway has dumped most of its stake in TSMC, just months after buying the Taiwanese chipmaker's stock. TSMC TSMC, meanwhile, is sometimes seen as a barometer of the strength of the U.S. consumer, with Apple among its biggest customers. This is a Game of Thrones battle and AI is here to stay with Nvidia a great play on that front. TSMC is a global chip recovery play that is well positioned with Nvidia in the left lane of innovation," he told CNBC Pro. "TSMC is the short-term play with Nvidia more of the longer-term AI bet."

☆ Unsure about the market rally? Strategist picks 3 stocks to stay ‘defensively offensive’
▼ + stars: | 2023-02-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"There are basically two stories in the market today," Rahul Ghosh, portfolio specialist, equity division at T. Rowe Price, told CNBC's "Street Signs Asia" on Thursday. Be 'defensively offensive' In this environment, Ghosh said investors should look to be "almost defensively offensive." Stock Ideas One of Ghosh's top stock picks is chip maker Nvidia , which he described as a "clear winner" in the artificial intelligence "arms race." We're talking about slowing from 50% growth rate to 30%, and potentially picking up next year. Are we going to potentially slow down and have a hard landing, a no landing, or a soft landing?

☆ Philippines, U.S. discuss joint coast guard patrols in South China Sea
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

MANILA, Feb 20 (Reuters) - The Philippines and the United States are discussing conducting joint coast guard patrols, including in the South China Sea, a Manila official said on Monday. Jay Tarriela, the Philippine Coast Guard's (PCG) spokesperson on South China Sea issues, told CNN Philippines that talks with the United States have advanced beyond the infancy stage and the likelihood of carrying out joint patrols is high. "There is also a possibility that it will be conducted in the South China Sea in support of the freedom of navigation of the United States government," he said. The Chinese Embassy in Manila did not immediately respond to a request for comment on the joint patrols. Philippine President Ferdinand Marcos Jr last week summoned China's ambassador to relay his concern over the frequency and intensity of China's actions in the South China Sea.

☆ Morgan Stanley: This semiconductor stock is soaring — and is set to rise another 20%
▼ + stars: | 2023-02-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Investor interest in the semiconductor sector has rebounded in recent months with the iShares Semiconductor ETF up nearly 50% from its October lows. Shares in the Dutch firm have risen more than 23% year-to-date, but Morgan Stanley believes its rally still has legs. This gives the stock potential upside of over 20% to its price of around 628 euros on Thursday. Why ASML is a top pick Morgan Stanley said ASML is a "high-quality" name that dominates its segment. The semiconductor sector is notorious for its cyclicality and boom-bust cycles, but Morgan Stanley said 2023 will be a "recovery year" for semiconductors, as macro headwinds subside and demand for consumer devices remain sticky.

☆ Tech's on a roll. But some market pros aren't convinced
▼ + stars: | 2023-02-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Bill Smead, chief investment officer at Smead Capital Management, for example, says it has the hallmark of a bear market rally. "We believe that enthusiasm for aggressive technology-oriented stocks in the last couple of months is exactly what you get in a bear market rally. Whether it be Tesla or any of the aggressive growth stocks, they are in a bear market rally and they are going to try to convince people that the bear market is over. "And that's what a bear market rally looks like it. JPMorgan has also turned more bearish on the tech sector, just months after it turned positive on the sector in October.

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