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☆ Analysts reveal a $12 billion opportunity to tap the A.I. buzz, naming stocks to play it
▼ + stars: | 2023-06-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

As the use of AI grows, more and more memory is required; indeed, Morgan Stanley called memory the "foundational building blocks" of artificial intelligence. Nvidia and DRAM Nvidia has been at the center of the AI buzz, and it recently reported much better-than-expected results and a huge forecast beat driven by strong AI demand. Samsung Electronics Another top pick for both Morgan Stanley and Citi is Samsung Electronics . Morgan Stanley says Samsung is an indirect beneficiary of tighter supply driven by AI GPU and server demand. "We view our OW call as more defensible on costs, balance sheet strength and the ability to weather a severe downturn better," Morgan Stanley said.

Persons: Morgan Stanley, Henry Mallari, It's, BofA, Samsung, — CNBC's Michael Bloom Organizations: Ariel Investments, CNBC Pro, Citi, Nvidia, Microsoft, Google, Bank of America, AMD, Intel, NVIDIA, SK Hynix South, SK Hynix South Korean chipmaker SK Hynix, Korean, SK Hynix, Samsung Electronics, Samsung Locations: Korea, SK Hynix South Korean

☆ Nervous about high rates? Analysts like these cash-rich stocks, giving one nearly 80% upside
▼ + stars: | 2023-06-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Key beneficiaries Analysts recently flagged cash-rich companies as a beneficiary of higher interest rates. It said that consumer services, software and semiconductor companies are among those likeliest to profit the most from higher interest. "With higher interest rates, companies with robust balance sheets may be able to generate substantial amounts of interest income and surprise to the upside." The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity.

Persons: James Demmert, Jefferies, Morgan Stanley, BofA, — CNBC's Michael Bloom Organizations: Main, Research, Companies, ", CNBC Pro, Vertex Pharmaceuticals, Broadcom, German, Lufthansa, Honda Motor, Renault Locations: U.S

☆ 'Don't chase this equity rally': Wells Fargo strategist has a warning for investors ahead of Fed meeting
▼ + stars: | 2023-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's a risk that stocks will go downhill from here, according to Wells Fargo's Paul Christopher, as he warned investors not to chase the current rally. "Even if the Fed stays on hold next week, we don't think the Fed stays on hold for very long — inflation is just too sticky." Christopher added that he does not believe the Fed will cut rates this year. History shows the S & P 500 doesn't bottom until, on average, six months after the first Fed rate cut, Christopher said. The rally has been a narrow-focused one, however, with gains driven by just a few major tech stocks.

Persons: Wells Fargo's Paul Christopher, Paul Christopher, he's, CNBC's, Christopher Organizations: Wells, Investment Institute, U.S . Federal, CNBC, Nasdaq, Treasury Locations: U.S

☆ Forget Nvidia: Fund manager says buy these two chip giants instead, giving one 30% upside
▼ + stars: | 2023-06-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But Jordan Cvetanovski, chief investment officer and portfolio manager at Pella Funds Management, told CNBC Pro this week that he wouldn't buy Nvidia as it's simply too expensive right now. "AI is a great story, Nvidia is a great story but a poor investment due to its valuation." ASML versus TSMC While ASML and TSMC will both benefit from AI, one has an edge over the other, according to Cvetanovski. "TSMC is arguably a great story at a great valuation making it a very strong investment for us. According to FactSet, analysts covering both TSMC and ASML give them around 10% upside each on average.

Persons: Jordan Cvetanovski, ASML, Cvetanovski, TSMC Organizations: Nvidia, Pella Funds Management, CNBC Pro, Apple, Investors Locations: Pella

☆ Goldman Sachs is bullish on these 5 stocks in a corner of A.I. — giving one 140% upside
▼ + stars: | 2023-06-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Goldman Sachs is bullish about generative artificial intelligence: It expects it will drive upside in the broader S & P 500 — and one specific corner of tech. An AI-fueled rally has already brought the S & P 500 to highs this year, but Goldman predicts there's going to be further upside. Thanks to demand for generative AI, supply of AI server equipment is likely to get a boost in the next couple of years, Goldman Sachs said in a separate report on June 1. Currently, there are around 150,000 units of generative-related AI server shipment this year — around 1% of total server shipment, according to the bank. It named buy-rated Unimicron , giving it a price target of 235 Taiwanese dollars, or upside of around 33%, as well as Kinsus (price target of 180 Taiwanese dollars, or 55% upside), Taiwan Union Technology (price target of 93 Taiwanese dollars, or 22% upside) and Elan Microelectronics (price target of 250 Taiwanese dollars, or 141% upside).

Persons: Goldman Sachs, Goldman, there's, — CNBC's Michael Bloom Organizations: Gold, Electronics, Taiwan Union Technology, Elan Microelectronics Locations: Taiwan

☆ Wall Street pros see the S&P 500 rallying further — and reveal how best to play it
▼ + stars: | 2023-06-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The S & P 500 is going from strength to strength this year, closing at a one-year high last Friday and up over 10% year-to-date. While many analysts have cautioned that the rally could be a narrow-based one, with gains driven by just a few major tech stocks, some Wall Street pros are expecting the S & P 500 to rally further. Evercore ISI's Julian Emanuel told CNBC's "Squawk Box Asia" on Tuesday that he has raised his S & P 500 price target from 4,150 to 4,450 . Emanuel said that the AI buzz driving stocks has turned into a so-called "momentum market" like the Internet-related rally of the late 1990s to 2000. "The Momentum broadened last week into the larger S & P 500 and importantly the Small Cap Russell 2000; this broadening is very positive and looks set to continue," he wrote in notes sent to CNBC.

Persons: Evercore ISI's Julian Emanuel, CNBC's, Emanuel, Russell, Brian Stutland, Stutland, we're, Paul Meeks, we'll, Evercore, laggards, Meeks Organizations: CNBC, Equity Armor Investments, Independent Solutions Wealth Management, Copa Holdings, Nvidia, Devices, Google, Marvell Technology

☆ Here's what to buy — and avoid — after the U.S. debt ceiling deal, according to analysts
▼ + stars: | 2023-06-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The debt ceiling crisis is over now that the bill has been signed , but investors still need to navigate the aftermath. There are opportunities — but also potential minefields to avoid — after the debt ceiling is lifted, such as an influx of Treasurys, according to some analysts. Citi, meanwhile, said that opportunities could emerge in non-U.S. debt — especially higher-yielding, investment-grade emerging market bonds. U.S. banks However, Citi analysts also cautioned that there is the potential for higher Treasury yields to siphon deposits away from the weaker U.S. banks. However, the bank said they could recover once regional bank shares do better on the back of stabilizing economic conditions.

Persons: Paul Gambles, it's, Gambles, we're Organizations: U.S . Federal Reserve, Treasury Department, Treasuries, Treasurys, Treasury, Citi, CNBC Locations: U.S

☆ Goldman Sachs and others expect copper prices to soar. Here are some related stocks that analysts love
▼ + stars: | 2023-06-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Copper prices are at their lowest levels in almost a year, but it could provide investors with a buying opportunity. In another May report, Goldman Sachs gave copper prices 25% upside over the next 12 months, rising to $11,000 per ton. Copper prices suffered a nearly 6% decline in May — on pace for the worst month in almost a year since June 2022, according to CNBC analysis. But the market is currently in a "significant deficit" phase, said Goldman analysts. Filo Mining , another Canadian miner, had the highest buy rating at 91%.

Persons: Goldman Sachs, Goldman, It's, — CNBC's Michael Bloom Organizations: Wall Street, Citi, CNBC, CNBC Pro, Copper Miners, NGEx Minerals, Teck Resources, Filo Mining, United States Copper, Bloomberg Locations: China, U.S, Teck

☆ Morgan Stanley: This stock provides a cheaper way to play Nvidia's A.I. boom
▼ + stars: | 2023-06-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Artificial intelligence is gaining in popularity, but there's a "cheaper" way to play it, according to Morgan Stanley. "Memory is a cheaper way to play the start of AI's explosive new decade-long growth phase," Morgan Stanley analysts wrote in a May 29 note. BofA in a separate June 1 report also named SK Hynix as a top pick, saying it will benefit from Nvidia's push into AI. It gave SK Hynix a price target of 160,000 won, or upside of more than 40%. Stocks are "materially cheaper" now than in the previous cycle, Morgan Stanley said.

Persons: Morgan Stanley, Morgan Stanley's, —, — CNBC's Michael Bloom Organizations: Korean chipmaker SK Hynix, SK Hynix, Nvidia, NVIDIA

☆ BofA names 4 stocks to tap the world's largest EV market — and says one has 71% upside
▼ + stars: | 2023-06-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

China's electric vehicles are "much more competitive than before" — and it's likely to remain the world's largest EV market in 2025, according to BofA. BofA shares some tips on how investors can position themselves in the country's EV market. For Li Auto, it gave the U.S.-listed shares a price target of $37, or 27% possible upside. As for the EV market, BofA is bullish on its battery supply chain in particular. BofA's top pick in copper is Chinese miner Zijin Mining , which it gave a price target of 18 Hong Kong dollars, or 71% upside.

Persons: BofA, Li, — CNBC's Michael Bloom Organizations: U.S, Green, Stock, Buffett, Li Auto, Li, EV, China EV, China's, Hong Locations: China, Hong Kong

☆ AMD shares jumped last week on the A.I. buzz. Wall Street weighs in on the stock's future
▼ + stars: | 2023-05-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Wall Street is again abuzz over artificial intelligence ever since chipmaker Nvidia reported blowout earnings last week. Analysts who've been very optimistic about the stock believe that like Nvidia, AMD has the potential to ride the AI wave . One bright spot is that AMD is pulling market share away from Intel , Ross said. However, that area of AI is currently cornered by Nvidia, which has around 75% market share, according to BofA. But BofA still retained its neutral rating for AMD, as it believes that gaining market share against Nvidia could prove tougher than expected.

Persons: Jensen Huang, who've, Eric Ross, CNBC's, Ross, BofA, Morgan Stanley, — CNBC's Michael Bloom Organizations: Nvidia, Devices, AMD, CNBC, Cascend Securities, Intel

☆ Nvidia and A.I. are hot — and BofA says these 3 global stocks are also worth the buzz
▼ + stars: | 2023-05-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

In a May 25 note, BofA said Nvidia's "rosy outlook" when it comes to data centers and AI has reaffirmed its positive view on the AI server hardware supply chain. "Still, we view AI server as one of the most solid/visible drivers for Greater China hardware tech supply-chain," BofA analysts wrote. Stock picks BofA is sticking to its "buy" ratings on these three Taiwanese tech stocks. Lite-On Tech : BofA is bullish on shares of this electronic components supplier, which produces parts for the semiconductor industry, among other products. That's because of rising AI server demand, its increasing sales mix from cloud and the "artificial intelligence of things" trend.

☆ Parts of the market are getting pricey. But analysts like these 4 cheap stocks
▼ + stars: | 2023-05-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

But only a few stocks — namely mega-cap tech — are responsible for most of the gains , according to analysts. Some analysts, however, believe some parts of the markets are still worth buying. Stock picks In fact, some analysts and portfolio managers recently named stocks that are still cheap, including some in the tech sector. "What's not cheap — our growth stocks and tech stocks and they've had a massive rally here … And those stocks are trading at multiples of in excess of 30 times earnings," he told CNBC's "Street Signs Asia" last week. Look at what's out of favor — value stocks, and particularly cyclical stocks."

☆ How much of A.I. is just hype? A bull and a bear share their tips on how to invest
▼ + stars: | 2023-05-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But it's also had its detractors , and some analysts have warned of the risks of investing in AI. One example is Meta, which has jumped over 100% this year partly as a result of its pivot from the metaverse to AI, Dietze said. How to invest Dietze and Ware agree on one thing: Avoid investing in pure-play AI companies. For such larger tech companies, AI is only going to be a small part of total revenues and profits — so it's safer, although returns will be more muted, he said. Ware added, "Forget making bets on 'pure play' AI companies with no earnings, no moat, and now [higher] costs of capital.

☆ Parts of the market are overbought — but these 4 stocks are still discounted, says top strategist
▼ + stars: | 2023-05-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The S & P 500 is up nearly 8% so far this year, and there are signs that certain sectors and stocks are overbought. Now's a good time to be making some changes to your portfolio, Dave Sekera, chief U.S. market strategist at Morningstar, told CNBC's " Squawk Box Asia " on Wednesday. Discounted stocks Though some parts of the market are already in overbought territory, Sekera said some stocks that Morningstar is bullish on are still trading at a discount to its fair value estimates. As for banks, he named Charles Schwab , which he said is trading at about a 25% discount to Morningstar's fair value estimates. Lithium producer Lithium Americas is trading at a 54% discount to Morningstar's fair value estimates, while U.S. automotive supplier BorgWarner is at a 41% discount.

☆ These 4 stocks could double in price — including one tech giant, says financial research firm
▼ + stars: | 2023-05-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Some corners of the market may have been overbought this year, but there are still long-term opportunities for investors, according to financial research firm Redburn. Redburn analysts have chosen 12 companies where changes in the competitive or financial environment or management action could realise outsize value for shareholders," Redburn wrote in a May 23 report. Vestas Redburn said it believes Danish wind turbine manufacturer Vestas is set for a "return to double-digit margins." "While there are inflationary pressures in some areas, supply-chain cost and performance are clearly improving and raw material costs are well below recent peaks," the firm wrote. Sabre Redburn sees a "clear path" for shares of Sabre , a travel tech company, to "more than double."

Persons: Redburn, Vestas Redburn, Vestas, Bill Anderson, –, Bayer, Sabre Redburn, — CNBC's Michael Bloom Organizations: Amazon Web, Bayer, Sabre Locations: United States, Europe, China

☆ Fund manager reveals an overlooked corner of health care with big opportunities
▼ + stars: | 2023-05-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

There's an opportunity for investors in pharmaceuticals that's been "underrepresented for a very long time," according to fund manager Philip Ripman of Storebrand Asset Management. The area is women's healthcare, according to Ripman, who manages the $1 billion Storebrand Global Solutions fund. In medical tech funding, only 2% was focused on non-cancer-related women's health conditions. The area of femtech — or software and tech products relating to women's health — is certainly growing. The Storebrand Global Solutions fund invests across four themes : smart cities, circular economy, equal opportunities and renewable energy.

Persons: Philip Ripman, Ripman, Pro, Stocks, Becton Dickinson, Gedeon Richter, annualized Organizations: Storebrand Asset Management, Global Solutions, Mckinsey Locations: femtech, U.S, Europe

☆ Outperforming fund manager shares tips on investing sustainably — and generating big returns
▼ + stars: | 2023-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Philip Ripman manages the $1 billion Storebrand Global Solutions fund, with a focus on sustainability. As well as green energy stocks, Ripman also invests in chipmakers, cybersecurity stocks, pharmaceuticals and more. Ripman shared three tips for investing sustainably on CNBC Pro Talks , including how to play the renewables theme. Renewables are 'cheaper' right now Ripman said that renewable energy stocks look relatively cheap and offer "a lot of opportunity" right now. Consider what's needed in the future The four themes in Ripman's fund — smart cities, circular economy, equal opportunities, and renewable energy — are what he believes will be "essential in years to come."

☆ These 4 stocks are on Goldman's 'conviction buy' list — and it gives one 115% upside
▼ + stars: | 2023-05-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

A look at Goldman Sachs' "conviction buy" stocks this year reveals some names with serious upside potential. The bank gave Sensata a price target of $60, or around 43% potential upside from its current level. ASML Goldman named Dutch semiconductor firm ASML in its screen of "long-term quality compounders" earlier this year. Goldman gave the U.S.-listed shares of Alibaba a 12-month price target of $136, or potential upside of 58%. Goldman gave the stock a price target of 37.30 euros ($40.20), or nearly 115% potential upside.

☆ Outperforming fund manager is bullish on these cybersecurity stocks, citing more room for growth
▼ + stars: | 2023-05-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Cybersecurity is one area that presents an opportunity for investors right now, according to portfolio manager Philip Ripman of Storebrand Asset Management. Stock picks Ripman, who manages the $1 billion Storebrand Global Solutions fund, which has a focus on sustainability, is bullish on two cybersecurity firms in particular: Palo Alto and Crowdstrike . Both stocks are among the top 10 holdings in his fund, with Palo Alto accounting for 3.8% of the fund, and Crowdstrike at 3.7%. And he pointed out that the fortunes of the U.S. stock market are dominated by a few mega-cap companies. Ripman's fund avoids companies that make over 5% of their revenues from fossil fuels, tobacco, alcohol, war and other vice-related activities.

☆ Analysts say these 11 top-performing stocks are set to soar even more — giving one over 85% upside
▼ + stars: | 2023-05-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The year is nearing its halfway mark, and global stocks have been doing much better than they had in volatile 2022. CNBC Pro screened for stocks that are beating the market nearly halfway into the year — and that analysts love. Only one stock had a 100% buy rating: Japan's Kansai Electric Power Company , a nuclear electric power generation firm. U.S. semiconductor firm Onsemi also made the screen, with analysts giving it 28% potential upside and a nearly 60% buy rating. Italian bank UniCredit had the highest potential upside in the list, at 85%, on top of a decent 88% buy rating.

☆ Citi names its top biotech and pharma stock picks, giving one nearly 90% upside
▼ + stars: | 2023-05-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The healthcare sector outperformed in Europe, India and China last month, according to Citi, which named its top picks worldwide. It gave Amylyx a price target of $53, giving it upside of around 88% from current levels. It gave Beam a price target of $60, implying upside of around 67%. Other European picks from Citi include Swiss healthcare company Roche and British pharma and biotech firm AstraZeneca . Asia stocks In Asia, Citi named Japanese pharmaceutical company Daiichi Sankyo , South Korean biotech firm Samsung Biologics and China's Wuxi Biologics as top picks.

☆ 'Really exciting': Fund manager picks A.I. stocks and names an opportunity 'we haven't seen yet'
▼ + stars: | 2023-05-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Big tech isn't dead, according to portfolio manager Trent Masters, who identified his favorite stocks to play artificial intelligence and more. While there were minimal changes to earnings estimates in aggregate, this was better than feared heading in," said Masters, global portfolio manager at Sydney-based Alphinity. Masters said that one "really exciting area" yet to be explored is the creation of verticals that sit on top of large language models like ChatGBT. Large language models, or LLMs, are programmed to understand human language and generate responses based on large sets of data. Microsoft Masters said Microsoft is "the first port of call" for investors who want to delve into AI.

☆ Retiring soon? Here's how to invest in a choppy market, according to the pros
▼ + stars: | 2023-05-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

So how should one invest, bearing in mind a shorter investing horizon for retirees and their need to have some savings? Go for short-term bonds Short-duration Treasurys still offer attractive yields, according to Austin Graff, chief investment officer at Opal Invest. Investors flocked to short-term Treasurys late last year amid higher rates, and yields jumped. "The idea of allocation a third of the investors' portfolio in equity is to benefit from higher capital growth." These types of investments can also provide those same benefits throughout the long-term retirement time horizon," she said.

☆ Morgan Stanley expects an area of tech to boom into a $5 trillion opportunity and names 3 stock picks
▼ + stars: | 2023-05-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

E-commerce is set for a boom, according to Morgan Stanley, which predicts that the industry will be worth $5 trillion by 2027. "We largely saw a focus on profitability over growth emerge through 2022," Morgan Stanley analysts wrote. Morgan Stanley picked stocks to play the boom, choosing them based on their "outsized growth potential," market leadership and "attractive" trading multiples relative to history, among other factors. Amazon Morgan Stanley noted that although Amazon has around 37% of the U.S. e-commerce market, it has captured only 9% of U.S. retail sales. MercadoLibre Morgan Stanley said it sees MercadoLibre as a "share gainer" in a region that still has a "multiyear eCommerce penetration opportunity."

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