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☆ Here are Wolfe's favorite stocks as market approaches fresh record
▼ + stars: | 2024-08-23 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

According to Wolfe, Expedia has returned just 3% over the last twelve months and an estimated 2024 price-to-earnings ratio of 10. The online travel agency is rated overweight by analysts polled by FactSet, who have a consensus price target implying 11% potential upside. Walgreens is another long-term favorite that popped up on Wolfe's screens. The stock has 25.3 % potential upside, according to analysts' consensus price target of $12.57, according to FactSet. Other stocks that made Wolfe's "Greatest Hits List" included coffee chain Starbucks , automaker General Motors and medical device maker Medtronic .

Persons: Wolfe, Jerome Powell, Chris Senyek, Expedia, FactSet, Bernstein, Richard Clarke, Clarke, Edgar Bronfman Jr, Bronfman's Organizations: Wolfe Research, Federal, Dow, Nasdaq, Walgreens Boots, Walgreens, Amazon, Paramount Global, Skydance Media, National Amusements, Paramount, General Motors Locations: Deerfield , Illinois

☆ Why you shouldn't worry about the job market and a recession just yet
▼ + stars: | 2024-08-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Read previewThe labor market is trending in the wrong direction, but it might not be time to sound the alarm just yet. The unemployment rate has risen for four consecutive months and at 4.3%, it's the highest it's been in nearly three years. However, there are some reasons it might be too soon to freak out about the labor market. AdvertisementSatyam Panday, chief US economist for S&P Global Ratings, said in a note published on August 6 that the slowing labor market appears to suggest a "normalization" of a previously red-hot labor market, rather than an "economy that's about to slip into a recession." The labor market might get worseTo be sure, there are plenty of reasons to remain concerned about the state of the labor market.

Persons: —, there's, it's, Goldman Sachs, David Mericle, Manuel Abecasis, they've, It's, Goldman Sachs that's, Satyam Panday, Michael Gapen, JP Morgan, Claudia Sahm Organizations: Service, Federal Reserve, Business, Bureau of Labor Statistics, Labor Department, Federal, Satyam, Bank of America, Federal Reserve Bank of San Francisco, New Century Advisors Locations: US

☆ 'AI shopping list': Morgan Stanley names its top global picks to play the AI theme
▼ + stars: | 2024-08-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The buzz around artificial intelligence may have quietened after a volatile week for some of the sector's biggest names, but Morgan Stanley continues to see promise in a raft of European stocks. Morgan Stanley's "European AI shopping list" includes names ranging from semiconductor equipment and data center plays to software and healthcare companies. Morgan Stanley has a target price of 1,000 euros ($1,092) on the stock, giving it over 27.5% potential upside. Segro Morgan Stanley describes British REIT Segro as the "landlord of Europe's largest cluster of data centers." Morgan Stanley has a target price of 224 euros on the stock, giving it around 18.3% upside potential.

Persons: Morgan Stanley, Morgan Stanley's, ASML Morgan Stanley, Lee Simpson, ASML's, Simpson, Segro Morgan Stanley, Segro, Bart Gysens, SAP Morgan Stanley, Adam Wood, Merck KGaA, Morgan, Thibault Boutherin, Boutherin, — CNBC's Michael Bloom Organizations: Apple, Euronext, Nasdaq, London Stock Exchange, Euronext Paris, American Depository, SAP, Frankfurt Stock Exchange, New York Stock Exchange, Merck, EMD Group, Canada, Merck KGaA's Electronics Locations: Europe, TSMC, Euronext Amsterdam, U.S, United States, Frankfurt

PARIS — Everywhere you looked at the 2024 Paris Games, Americans dominated. On the final day of the Games, China is leading Team USA in the medal table, with 39 golds to America’s 38. Its two golds here included the 4x100-meter medley, the first time in Olympic history that anyone had beaten the U.S. Though Russia, a longtime dominant force in the sport, was excluded from these Games, China still achieved a score that far outstripped any competitors. China has also been quick to embrace some of the newer Olympic sports including sport climbing, skateboarding, surfing and breaking.

Persons: Snoop, Lady Gaga, ”, Fang Zheng, “, it’s, ” Chen Yiwen, Oli Scarff, Zhanle, Hunter Armstrong, Caeleb Dressel, Zheng Qinwen, Jacklyn Luu, Deng Yawen, Zheng Haohao, Paris —, Ma Long, Wang Chuqin, Lintao Zhang, Erriyon Knighton, Xu Shixiao, Lindsey Wasson, Mao Zedong, Richard Nixon, Deng Xiaoping, Li Fabin, Miguel Medina, Xi Jinping, Li Xiang, ” Li Organizations: Games, . Team USA, USA, China, U.S, Doping Agency, WADA, New York Times, NBC, USA’s, Soviet Union, China’s, Association, Asian Studies, Asia, Helsinki Games, China wouldn’t, International Olympic Committee, IOC, Getty, Global Times Locations: United States, China, Paris, France, AFP, U.S, Spain, Russia, Beijing, India, USA, Soviet, Michigan, Western, Taiwan, Los Angeles, Taipei, ” Beijing

☆ These low-volatility stocks have a winning record and are attractively valued
▼ + stars: | 2024-08-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

These stocks have low share price volatility over the past five years, and their total return — including share price gains and dividends — are greater than the S & P 500's over the past five years. Take a look at the names below: Health-care companies Amgen , UnitedHealth Group and AbbVie are among the names with low volatility and strong returns in recent years. Pharmaceutical company AbbVie's roughly 262% gain over the past five years is the highest of the stocks in the group. Amgen's share price has a 5-year total return of 104%, making it a steady grower, but still the slowest of the list. Other stocks with low volatility and attractive valuations include automotive replacement parts retailer AutoZone and insurance company Aflac .

Persons: Stocks, They're, Morgan Stanley, Wells, Mohit Bansal, TD Cowen, Kannan Venkateshwar, — CNBC's Christopher Hayes Organizations: CNBC, UnitedHealth, Pharmaceutical, Morgan Stanley Wealth Management, Humira, Barclays, Mobile

☆ Mortgage rates plunge to lowest level in more than a year
▼ + stars: | 2024-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant Freddie Mac said Thursday. Mortgage rates have steadily fallen over the past several weeks since reaching a 2024 peak of 7.22% in early May. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on interest rates. Lower mortgage rates and a bigger housing stock will eventually entice more buyers to eventually enter the market.

Persons: Freddie Mac, That’s, ”, Sam Khater, Freddie Mac’s, “ Homebuyers, ” Lawrence Yun, Lisa Sturtevant, “ Organizations: Washington CNN, Federal Reserve, Las, P Global, Harvard Joint Center for Housing Studies, CNN, Treasury, National Association of Realtors, Fed, NAR, “, Bright MLS Locations: New York, San Diego, Las Vegas, Tampa, Denver, Minneapolis, United States

☆ Nikkei 225: Asian markets make solid gains following global rout
▼ + stars: | 2024-08-07 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The gains follow days of volatility, which saw the Nikkei suffering Monday its biggest daily loss since 1987. “We won’t raise interest rates when financial markets are unstable,” he was quoted as saying in a speech to executives in the northern Japanese city of Hakodate. The central bank has hiked interest rates twice this year in a bid to contain inflation. Decades of extremely low interest rates in Japan had seen many investors borrow cash cheaply there before converting it to other currencies to invest in higher-yielding assets.

Persons: Shinichi Uchida, Kospi, Hong, Taiex, Uchida, ”, Olesya Organizations: Hong Kong CNN, Nikkei, Bank of Japan, US, Dow, Nasdaq Locations: Hong Kong, Asia, South, Hakodate, “, Japan, Europe, London

☆ Stocks close lower as Wall Street struggles to stage a comeback
▼ + stars: | 2024-08-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, closed in “extreme fear” territory. The Cboe Volatility Index — Wall Street’s fear gauge — which measures bets on expected stock market volatility, fell to 27. The Magnificent Seven companies lost $615.6 billion in value on Monday, according to S&P Global data.

Persons: Dow, ”, Sean Frank Organizations: New, New York CNN, Nasdaq, . West Texas, Brent, Dow, Cloud Equity Group Locations: New York, Japan

☆ Crude oil futures fall for fourth day as recession fears outweigh rising Middle East tensions
▼ + stars: | 2024-08-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures fell for the fourth session in a row Tuesday, as recession fears continue to overshadow the risk of a major escalation in the Middle East. U.S. crude oil closed at a six-month low on Monday, after equity markets sold off on fears that the U.S. economy might tip into a recession. The fear of a U.S. recession has hit oil markets as traders were already worried already about lackluster demand in China, the world's second-largest economy. Here are Tuesday's energy prices:Oil markets have sold off despite the growing risk of major escalation in the Middle East. The oil market has largely looked past geopolitical tensions in the Middle East as crude supplies have not faced any major disruption.

Persons: Ismail Haniyeh, Daniel Yergin Organizations: Dow Jones Industrial, NBC, P Global Locations: East, U.S, China, Israel, Iran, Tehran, Iraq

☆ Global market sell-off raises the prospect of an emergency OPEC meeting, analyst says
▼ + stars: | 2024-08-06 | 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 EmailGlobal market sell-off raises the prospect of an emergency OPEC meeting, analyst saysAndy Critchlow, head of news in EMEA for S&P Global Platts, discusses the outlook for oil prices and says OPEC could be forced to hold an emergency meeting if stock market volatility persists.

Persons: Andy Critchlow, P Global Platts Organizations: Email Global, P Global

☆ Tech had a rough day. But don’t call it a dot-com meltdown moment yet
▼ + stars: | 2024-08-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

On Monday afternoon, a federal judge ruled that Google violated US antitrust law with its search business. And despite yesterday’s decline, which already appears to have begun reversing, shares of Apple, Amazon, Microsoft, Meta, Google and Nvidia all remain up strongly year-to-date. Anything that threatens its market share could also put that core business — already facing competitive threats from emerging AI tools — at risk. It could also embolden lawmakers who have been looking to crack down further on the power of Big Tech. “This ruling will inspire short-term confidence for DuckDuckGo, Yahoo and other Google Search competitors.

Persons: New York CNN — It’s, “, Charlie Miner, ” Miner, Angelo Zino, ” Zino, they’re, it’s, ” Sen, Amy Klobuchar, ” Organizations: New, New York CNN, P Global, Investors, Google, US Federal Reserve, Big Tech, CNN, Research, Apple, Microsoft, Meta, Amazon, Nvidia, Tech, Yahoo Locations: New York, Google’s

☆ S&P Global's Dan Yergin: 'Quite striking' oil markets haven't preemptively priced in Mideast tension
▼ + stars: | 2024-08-06 | 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 EmailS&P Global's Dan Yergin: 'Quite striking' oil markets haven't preemptively priced in Mideast tensionDaniel Yergin, S&P Global vice chairman and ‘The New Map’ author, joins 'Squawk Box' to discuss the state of the energy sector, impact of Mideast tensions on oil supplies, and more.

Persons: Dan Yergin, Daniel Yergin Organizations: P Global

☆ Biggest concern is the market sell-off becoming a 'self-fulfilling prophecy,' research firm warns
▼ + stars: | 2024-08-06 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

"Our biggest concern is that the market sell-off becomes a self-fulfilling prophecy causing corporate CEOs to cut back on investments and consumers to pull back on spending leading to further cuts and a recession," the analysts added. "In our view, the direct impact of these steep market declines is limited," they said in a note published Monday. Sustained market declines in the wake of the recent global sell-off could become a "self-fulfilling prophecy" that eventually leads to a recession, Morningstar DBRS analysts warned. The analysts also said that the impact of the market volatility on banks is likely to be limited, even if further market declines materialize, or if the U.S. enters a recession. There was also "no material impact" expected for capital management by banks in Japan, a region that also saw steep declines.

Persons: Morningstar, Nonfarm payrolls Organizations: New York Stock Exchange, Global, Japan's Nikkei, Tech, Federal Reserve, Morningstar, Congressional, U.S, Capital Locations: New York City, U.S, Japan

☆ 'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates
▼ + stars: | 2024-08-06 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

In an August 1 note to clients, the bank's top global strategist urged investors to sell stocks when the Federal Reserve issues its first rate cut. Hartnett and his team studied the last 12 rate-cutting cycles going back to 1970 and identified three varieties of rate cuts. Hartnett said surging global central bank rate cuts are signs that the economy is in for a rough stretch. Investors expect the Fed to cut rates for the first time this cycle at its September meeting. "Emergency Fed rate cuts being priced in makes little sense given the economic backdrop in the U.S. and would only serve to destroy policy maker credibility."

Persons: —, America's Michael Hartnett, Hartnett, Louis, Jean, Louis Nakamura, Michael Kantrowitz, Piper Sandler, Kantrowitz, Hartnett's, Jim Smigiel Organizations: Service, America's, Federal Reserve, Business, Bank of America Bank of America, Bank of America, Louis Fed, Bank of America's, Global, SEI Locations: U.S

☆ Ford turns 'dirty' business into a profit driver. GM and Stellantis are taking notice
▼ + stars: | 2024-08-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +10 min

Many fleet sales, especially daily rentals, have historically been viewed as a negative for auto companies. But Ford has proven that's not always the case by breaking out financial results for its "Ford Pro" fleet business. Ram, GM retoolAs Ford touts its fleet business, its closest rivals have amped up their operations. It launched "GM Envolve" last year, its overhauled fleet and commercial business focused on fleet sales, digital telematics and logistics for commercial customers. EV goalsGM Envolve includes the company's EV commercial business BrightDrop, which was folded back into the automaker last year instead of it acting as a subsidiary.

Persons: Mark Hazel, It's, Ford, Ferrari, Jim Farley, Wolfe, Joe White, Farley, BofA's John Murphy, Ram, Christine Feuell, Stellantis, Ram Ram, Ken Kayser, Sandor Piszar, Motors, Piszar, EV600 Organizations: Ford DETROIT, U.S, automakers, Ford Motor, General Motors, Chrysler, P Global Mobility, Ford, Ford Pro, Wolfe Research, North, GM, Ford Super Duty, Reuters, GM retool, CNBC, Software, Stellantis, GM Envolve, Sierra, GM Fleet, EV Locations: Dearborn , Michigan, U.S, North America, Europe, Kentucky, Louisville , Kentucky, Stellantis, Detroit

☆ Safe-haven gold firms on U.S. recession fears, rate-cut bets
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: +2 min

Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. Gold prices drifted higher on Monday, aided by worries that the United States could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively. Spot gold rose 0.14% to $2,446.83 per ounce, as of 0519 GMT, after falling 1% earlier in the session. "Gold is picking up safe-haven flows, with financial markets in a risk-averse mindset to start the week," said Tim Waterer, chief market analyst at KCM Trade. Share markets tumbled and bonds rallied in Asia as U.S. recession fears sent investors rushing from risk assets.

Persons: Tim Waterer, Thomas Barkin Organizations: Heraeus, Solar, Federal Reserve, KCM, Richmond Fed, P Global, Pentagon Locations: Budapest, Hungary, United States, Asia, U.S, Iran

☆ Nikkei 225 falls more than 5%, hovering near bear market territory, as Asia-Pacific sell-off continues
▼ + stars: | 2024-08-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's markets led losses in the region as the Nikkei 225 and Topix dropped as much as 7% in volatile trading. At these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11. Stock Chart Icon Stock chart iconMonday's decline follows Friday's rout when Japan's Nikkei 225 and Topix fell more than 5% and 6%, respectively. The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020. The Reserve Bank of Australia kicks off its two-day monetary policy meeting Monday.

Persons: Topix, Australia's, Kospi Organizations: Bloomberg, Getty, Nikkei, Mitsubishi, Mitsui, Co, Sumitomo, Topix, P, Reserve Bank of Australia, Reuters Locations: Shibuya, Tokyo, Japan, Asia, Pacific, China, Taiwan, Australia, India, Hong Kong

Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. "We're still at very low single-digit branch share, and we know that in order for us to really optimize our investment in these communities, we need to be at a higher branch share," Roberts said in an interview with CNBC. Wells Fargo and Bank of America closed the highest net number of branches, while JPMorgan was the most active net opener. According to FDIC research collated by KBW, growth in bank branches peaked right before the financial crisis, in 2007. When it comes to prioritizing locations for new branches, Roberts said it's a "balance of art and science."

Persons: JPMorgan Chase, Jamie Dimon, Dimon's, Dimon, Jennifer Roberts, We're, Roberts, Wells, KBW, it's Organizations: JPMorgan, Chase Consumer Banking, CNBC, Midwest, P Global Market Intelligence, Bank of America Locations: Iowa, Minnesota , Nebraska , Missouri , Kansas, Arkansas, U.S, Wells Fargo

CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are “a $2 billion-plus sales opportunity” in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Kohl’s will put Babies R Us shops next to its existing baby apparel. Courtesy KohlsOver the past few weeks, online shoppers have also seen Babies R Us on Kohl’s website. As it relaunches Babies R Us, Kohl’s will test whether the brand has remained relevant or grown stale.

Persons: hasn’t, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl’s, Jones, That’s, Dana Telsey, “ There’s, ”, Stephen Hinz, “, They’re, ” Hinz, Macy’s, Zola, Babylist, Kingsbury, Isaac Mizrahi, Natalie Gordon, WHP, Christie Raymond, Geoffrey, influencers Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC, WHP Global, WHP, WHP Holdings, Macy’s Locations: N.J, Wisconsin, New Jersey, U.S, Bath, New York City, Instagram

☆ OPEC+ unlikely to increase oil production: S&P Global
▼ + stars: | 2024-08-01 | 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 EmailOPEC+ unlikely to increase oil production: S&P GlobalHerman Wang, managing editor of OPEC and Middle East news at S&P Global, discusses the outlook for the upcoming OPEC+ meeting.

Persons: Herman Wang Organizations: P, Middle, P Global

☆ ‘I’m really desperate now’: Temu sellers revolt against fines and withheld pay
▼ + stars: | 2024-08-01 | by ( Juliana Liu | ) edition.cnn.com time to read: +6 min

Hundreds of them staged a demonstration this week at an office affiliated with Temu in the southern Chinese city of Guangzhou. They were protesting what they called “unjust” fines levied by the company or withheld payment on goods already sold, among other complaints. Temu operates as an online store, carrying cut-price merchandise from self-employed sellers. Four sellers interviewed by CNN said the fines ranged from one to five times the wholesale price of the product. CNN has seen screenshots of the seller’s Temu account showing a total of just under two million yuan was ineligible for withdrawal.

Persons: Temu, “ I’m, ”, Shein, ” Temu, Abe Yousef, Goldman Sachs, Ivy Yang, “, Peng Organizations: Hong Kong CNN —, Temu, CNN, Super, Shein, Consumers Locations: China, Hong Kong, Guangzhou, Chinese, Thailand, Temu, “, United States, Latin America, East, Southeast Asia

☆ Goldman Sachs adds 4 new stocks to its conviction buy list
▼ + stars: | 2024-08-01 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Goldman Sachs added four new stocks to its conviction list going into August for equity investors looking to capitalize on the bull market. Dollar General , Philip Morris International , S & P Global and Woodward were the newest addition to the Wall Street firm's coveted stock list. For Dollar General, Goldman analysts believe the worries around low income consumer discretionary spend and competition are overdone. Meanwhile, Goldman said the market is underappreciating the growth opportunity for Philip Morris as the company innovates around its smoke-free alternatives to cigarettes. Both S & P Global and Woodward have recorded solid gains so far this year, rising 11% and nearly 17%, respectively.

Persons: Goldman Sachs, Goldman's, Philip Morris, Woodward, Goldman Organizations: Dollar, Philip Morris International, P Global, Royal Caribbean Cruises, Ally Financial, Citigroup, Amazon, Nvidia

☆ The chip industry uses as much water as the city of Hong Kong. Now factories are working to be more sustainable.
▼ + stars: | 2024-07-31 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.

Persons: —, Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver

☆ The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
▼ + stars: | 2024-07-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The market risks a harmful debt bubble, potentially spreading losses in the financial sector. Economist Dambisa Moyo warns of overvalued stocks driven by enthusiasm for artificial intelligence. AdvertisementThe stock market could be hosting one of the most harmful types of debt bubbles, with losses that risk spreading around the financial sector, according to one economist and investing veteran. But even more concerning is that the US could be seeing one of the most problematic types of bubbles, fueled by highly borrowed and "unproductive" assets, Moyo said. Losses from troubled companies also risk contaminating other areas of the market, Moyo added.

Persons: Dambisa Moyo, Moyo, —, Dambisa Moyo —, Goldman Sachs Organizations: Service, Project Syndicate, Versaca

☆ 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

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