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8 hours ago
CNBC Pro: The ‘best’ investments right now: Fund managers pick stocks with a total return of around 15%
Investors looking to protect their portfolios from the risk of a resurgence of inflation in 2024 should consider three “long-term defensive” stocks with good “inflation-linked” returns, said Freddie Leight, chief investment officer at Latitude Investment Management. It is said that you can choose.
Leight, a former Goldman Sachs analyst, believes these stocks can grow 10% to 15% a year while acting as a hedge against inflation.
CNBC Pro subscribers can read more here.
— Ganesh Rao
8 hours ago
CNBC Pro: Is it too late to buy Nvidia stock? Here’s what Wall Street says
The buzz surrounding Nvidia shows no signs of slowing down, with the semiconductor giant posting yet another quarter of billions of dollars in revenue upside.
The company, which had already soared more than 200% in 2023, rose 13% after the earnings report. It’s up about 58% this year alone, and Nvidia’s most recent close on Thursday was about $785.
But how far can Nvidia go? Here’s what analysts think. CNBC Pro scoured the report this week and listed the latest price targets for NVIDIA from major Wall Street banks.
CNBC Pro subscribers can read more here.
— Tan Weizhen
3 hours ago
European Market: Click here for opening call
European markets are set to open at Monday’s lows.
According to IG data, the UK’s FTSE 100 index is expected to open 15 points lower at 7,695, Germany’s DAX falls 41 points to 17,374, France’s CAC rises 29 points to 7,946 and Italy’s FTSE MIB It is expected to open 68 points lower at 32,669.
Earnings are paid by Bunzl. The data to be released includes euro area lending to households in January.
— Holly Ellyatt
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