Netflix and Novo Nordisk are just two names on this smorgasbord of stocks setting up or soaring past new buy points.
The quarterly earnings season has largely ended, and Goldman Sachs has taken this opportunity to revisit its top 10 investing themes for 2024, and the stocks in focus in conjunction with these themes. Investors have been gaining greater confidence in the ability of certain headwinds to cloud revenue growth over the past 12-18 months normalizing, and thus attention for 2024/2025 is shifting to trying to gain a better understanding of how building momentum in artificial intelligence workloads & AI related services could contribute to growth and margins going forward. “We still see the long-term adoption of cloud computing services by enterprise customers as a secular theme due to broad-based increases of digital spending and shifts in IT budgets toward cloud adoption,” said analysts at Goldman, in a note dated May 17.
Former Manhattan prosecutor Linda Fairstein and Netflix announced Tuesday they've settled the defamation lawsuit she filed four years ago over her portrayal in the streaming service's miniseries about the five Black and Latino teenagers known as the now-exonerated Central Park Five. While Fairstein will not receive any money as part of the settlement, Netflix has agreed to donate $1 million to the Innocence Project, a nonprofit that works to exonerate people who've been wrongly convicted.