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8 hours ago
Goldman Sachs says it’s time to buy this unloved global sector, naming several key stocks
Europe’s utilities sector may have come under pressure over the past three years, but Goldman Sachs said change is afoot and named the stocks that will lead the industry in 2024.
“With an improving outlook for inflation and interest rates, the market for renewable energy (where capital flows also appear to be shifting positively, as evidenced by rising revenues) and the grid (the market for ),” the bank’s analysts wrote.
The investment bank has named a series of stocks that are expected to rise 30%.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
8 hours ago
CNBC Pro: These are Wall Street’s top picks for semiconductor stocks this year
Semiconductor stocks bounced back from the post-pandemic slump in 2022 and had a strong year in 2023.
The PHLX Semiconductor Index (Sox) soared 65% in 2023, significantly outperforming the S&P 500.
Banks such as BofA and UBS remain bullish on the semiconductor sector despite its strong performance in 2023.
In January, CNBC Pro scoured recent Wall Street research to find analysts’ top semiconductor picks for 2024.
Subscribers can read more here.
— Tan Weizhen
4 hours ago
European Market: Click here for opening call
European markets are set to open in positive territory on Monday.
According to IG data, the UK’s FTSE 100 index rose 13 points to 7,630, Germany’s DAX rose 72 points to 16,759, France’s CAC rose 30 points to 7,487 and Italy’s FTSE MIB rose 132 points. It is expected to start at 30,644.
On Monday, Germany’s 2023 gross domestic product (GDP) data will be released, as well as Italy’s December inflation data and November’s euro zone trade balance.
— Holly Ellyatt
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