NVDA Oct 2024 99.000 put
- Yahoo Finance Video
This is Goldman Sachs' stock picking strategy for 'conviction list'
Goldman Sachs (GS) has released its conviction list focusing on three key areas: artificial intelligence, consumer trends, and sustainability. Goldman Sachs Director of Americas Equity Research Steve Kron joins Catalysts to discuss the details. Kron explains that the purpose of this list is to help investors identify stocks where Goldman Sachs has "the highest level of conviction" for outperformance. Since the list's introduction last June, Kron emphasizes that "the feedback has been fantastic." Pinterest (PINS) was recently added to the list, while Amazon (AMZN) and Guidewire (GWRE) were removed. According to Kron, Goldman analyst Eric Sheridan believes Pinterest has the ability to "monetize their user base," with margin expansion potential over the next five years and earnings projected to be 6% above estimates in 2025. The stock also presents a favorable 3-to-1 upside-to-downside risk ratio. As for Amazon and Guidewire, they were removed to "keep the list fresh," though Kron notes they remain solid stock picks. Regarding the selection process, Kron tells Yahoo Finance, "We spend a lot of time on investment process, and we spend a lot of time with our analysts talking about stock recommendations. So these are sourced from them," with names like Nvidia (NVDA) and Citigroup (C) both making the list. Watch the video above to hear Kron's explanation on how the firm determines the themes of the list. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Bloomberg
Outperforming $11 Billion Findlay Park Fund Trims Big Tech
(Bloomberg) -- The technology heavyweights that powered this year’s rally in US stocks are no longer attractive to Findlay Park Partners LLP, whose fund has outperformed 86% of peers.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Brutalist Provocations, a Mod
- Barrons.com
Samsung Expects a Nearly $7 Billion Quarterly Profit. Why It Apologized.
Not so for Samsung Electronics which accompanied its profit forecast on Tuesday with an apology. Samsung stock fell 1.2% in local trading on the Korea Exchange on Tuesday after its profit forecast for the third quarter fell short of expectations. “Today, Samsung Electronics management would like to apologize to you first,” Jun Young-hyun, the newly appointed head of the company’s chip business, said in a public letter.
