Evercore ISI says look for these value names with momentum to outperform as inflation falls

Value stocks with momentum — or “valmentum” — may provide some insulation for portfolios in a market that is volatile and “viciously rotational,” says Evercore ISI’s Julian Emanuel. An environment where inflation is falling but growth is slow has proven in the past to be positive for stocks over the course of the subsequent year, … Read more

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ChatGPT ignited a new A.I. craze. What it means for tech companies and who’s best positioned to benefit

Since the launch of ChatGPT late last year, no one in the tech world can seem to stop talking about artificial intelligence. The conversational chatbot operated by Microsoft -backed OpenAI busted onto the scene late last year, garnering 1 million users within its first week on the market. Those tailwinds continued into 2023, with a … Read more

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Here are Wednesday’s biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more

Here are Wednesday’s biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft’s earnings report, noting it has concerns about Azure growth. “We are downgrading MSFT to Market Perform based on ongoing uncertainty on Azure. We had previously placed Microsoft on our negative watch list in … Read more

View More Here are Wednesday’s biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more

Bank of America downgrades Booking Holdings, says there’s more upside for this other travel stock

It’s time to look elsewhere in the travel sector after Booking Holdings ‘ recent gains, according to Bank of America. Analyst Justin Post downgraded the stock to neutral from buy, saying there’s less upside after Booking’s recent outperformance. Instead, he favors Expedia because its stock could rise if it’s able to improve its market share. … Read more

View More Bank of America downgrades Booking Holdings, says there’s more upside for this other travel stock

How investors are playing the China reopening — from beer to travel stocks

China is reopening and investors are ready for it. After a bruising 2022, hedge funds have been adding positions in Chinese stocks. Net exposure in Chinese equities has increased from a low of 7% to roughly 13%, according to analysis from Goldman Sachs. The peak was 15% hit in 2020. “Aside from the reopening story, … Read more

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Goldman says non-U.S. stocks will beat the S&P 500 this year — and gives several ways to play it

2023 will be the year where international stocks outperform their U.S. peers as the economic outlook in China and Europe looks less dire, according to Goldman Sachs. “China- and Europe-exposed stocks have moved to price the improved growth outlook,” David Kostin, Goldman’s head of U.S. equity strategy, said in a note. “We expect non-US equities … Read more

View More Goldman says non-U.S. stocks will beat the S&P 500 this year — and gives several ways to play it