Goldman Sachs Group Inc
Goldman Sachs names the Japanese stocks to buy right now — and gives 2 over 50% upside
Japan’s stock market had a roller-coaster ride last week, but Goldman Sachs sees several opportunities in the country, naming the “stocks to own” right now. It comes after Japan’s broad-based Topix index plunged 12.23% on Aug. 5 and the benchmark Nikkei 225 index fell 12.4% — its worst decline since 1987’s “Black Monday.” Both indexes […]
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Goldman Sachs added these stocks to its global conviction lists, giving them more than 30% upside
Goldman Sachs has added a number of stocks to its lists of top picks for August. Called the “Conviction List – Directors’ Cut,” the lists — which are updated monthly — encompass the United States, Europe and Asia-Pacific. These lists are the bank’s “curated and active” picks of between 15 and 30 top buy-rated stocks […]
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China will have nearly twice the pets than young children by 2030, Goldman Sachs says
A dog getting groomed during a pet show in Shanghai on August 17, 2023. Str | Afp | Getty Images China’s pet population will be close to double that of its young children by 2030 as young Chinese remain unwilling to start new families, Goldman Sachs said in a recent note. The country’s urban pet […]
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CNBC Daily Open: Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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$1 trillion wipeout: Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading on Monday, tech’s mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia […]
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Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
2024 was expected to be a ” stock picker’s year ,” but macroeconomic uncertainties and some market volatility have seen many investors plow cash into exchange-traded funds (ETFs). Net flows into ETFs topped $200 million in the second quarter of this year, according to Fidelity, taking the year’s total to $404 billion — 85% higher […]
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Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Key Points Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting […]
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Lost in the market’s sharp rotation out of tech stocks is a really bullish call on major banks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market slides : The S & P 500 gave back earlier gains and fell throughout Tuesday afternoon, led lower by the mega-cap tech stocks. Ahead of the […]
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Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs
Representation of cryptocurrency and Gayscale logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing […]
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These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]
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