Mega-cap tech stocks, including Meta (formerly Facebook), Amazon, and Alphabet (Google), are identified as strong buys in the AI industry, with strong fundamentals and potential for double-digit growth and profitability.
Investors are looking forward to after-the-bell earnings from Nvidia as the Dow, S&P 500, and Nasdaq are set to open slightly higher; Apple is now the most under-owned large-cap U.S. tech stock while Meta Platforms is the most over-owned.
Stocks edge up in premarket trading as investors await Federal Reserve Chair Jerome Powell's speech, China moves to ease mortgage policies, chipmaker Marvell Technology delivers in line with expectations, Alphabet and Microsoft continue to leverage AI capabilities, Nordstrom beats earnings but maintains cautious outlook, Netflix is upgraded by Loop Capital, Amazon reportedly in talks with Disney regarding an ESPN streaming service, and Realty Income Corp announces a $950 million investment in The Bellagio Las Vegas.
Summary: Investing in growth stocks following the Nasdaq bear market dip could be a wise move, with Alphabet, Lovesac, Nio, and Baidu identified as top growth stocks that offer promising long-term outlooks and attractive valuations.
HSBC's chief multi-asset strategist advises against investors getting tempted by the recent broad-based sell-off, noting that US equities have a bigger recovery potential given their unchanged view on growth, inflation, and fundamentals.
U.S. stocks begin the final week of August with a positive start, Goldman Sachs sells its personal financial management unit, Microsoft emphasizes the need for human control over artificial intelligence, Google plans to license solar and environment data, Nvidia is hailed as the world's most valuable chipmaker, and analysts offer mixed views on the strength of the U.S. consumer and the future of the retail sector.
HSBC's chief multi-asset strategist believes that it is a tempting entry point for U.S. equities and discusses the dollar index strength's signal for the global market.
Investors are bullish on the market in 2023, with the Nasdaq Composite up 30% and two leading ultra-growth stocks, Amazon and Apple, poised to benefit from improving market conditions and their strong positions in multiple industries.
HSBC suggests that now is a good time to invest in U.S. stocks and other risk assets.
UBS expects certain under-the-radar European stocks to experience significant growth, while Barclays identifies global stocks related to electrification as promising investments.
The article highlights four top-tier growth stocks, including Amazon, PubMatic, AstraZeneca, and Starbucks, that investors may regret not buying following the Nasdaq bear market dip.
The article does not mention any specific stocks. The author does not give a specific recommendation to buy, hold, or sell any stocks. The author discusses the company Union Pacific (NYSE: UNP) in detail, providing an overview of its operations, industry dynamics, barriers to entry, past performance, and valuation. The author's core argument is that while Union Pacific has a strong rail network and competitive advantages, its volume growth has been poor, and its profitability and service quality have faced challenges. The author believes that revenue growth will be muted, profitability will remain under pressure, and valuations are not supportive. As a result, the author prefers to wait for a better entry point.
Summary: Many investors are predicting a new bull market for the S&P 500, and while it has yet to reach a new high, it is only 7% away; three stocks to consider buying are Amazon, which has a strong presence in the logistics market and opportunities in AI, Mastercard, which benefits from its business moat and growth in emerging markets, and Vertex Pharmaceuticals, which has potential catalysts in its pipeline and an attractive valuation.
Asian markets experienced mixed results, with Australia's S&P/ASX 200 falling and Hong Kong's Hang Seng index dropping by about 1%, while Japan's markets were marginally positive; tech investor Paul Meeks plans to buy tech stocks after the correction, and Federal Reserve officials are feeling less urgency for another interest rate hike due to improved inflation data. Additionally, Apple shares fell amid China concerns but an analyst is holding off on shorting the stock, Morgan Stanley upgraded Tesla stock due to its autonomous driving supercomputer, HSBC revealed its "must see stocks" in the UK, and consumer discretionary stocks gave the S&P 500 an upward push.
European stock markets are expected to open higher on Tuesday as investors await economic data, including U.S. inflation figures and the European Central Bank's rate decision, while Arm IPO's price could potentially surpass $51 per share. Meanwhile, tech investor Paul Meeks plans to buy tech stocks once the market correction subsides, and Federal Reserve officials are reportedly feeling less urgency for another rate hike. HSBC has also named its "must see stocks" in the UK.
The recent stock market sell-off has made it difficult for investors to find smart investments, but Wall Street analysts have provided a list of 10 stocks with the highest percentage of "buy" recommendations.
HSBC is set to acquire Citigroup's China consumer wealth management business, bolstering its presence in the country and expanding its operations in Asia.
Goldman Sachs strategists have noted that the largest tech stocks, including Apple, Microsoft, and Amazon, are now trading at their cheapest valuation relative to the median stock in over six years, as their price-to-earnings ratio has fallen to 27 from 34.
Big Tech stocks have taken a beating recently, but there is a case for buying them now.
South Korean stocks, led by Samsung Electronics, rise as the company's third-quarter profit forecast beats expectations; Japan's central bank considers raising its inflation outlook to nearly 3%; business morale in Japan remains subdued as manufacturing sentiment stays flat; Bank of America identifies global AI stocks with great potential; analysts recommend investing in dividend stocks amidst market volatility; Goldman Sachs does not anticipate the Israel-Hamas conflict to heavily impact markets; winners and losers emerge in the battery industry; travel-related stocks rebound after Monday's selloff; inflation expectations slightly increase in September; Nasdaq 100 crosses above the 50-day moving average.
Technical and seasonal indicators suggest that it may be a good time to buy stocks in the U.S. market, despite potential curveballs from upcoming inflation data and third-quarter earnings season.
