Caterpillar is ‘really, really cheap,’ but two traders warn that it may not be a good buy

“Caterpillar has just been an unloved stepchild of this stock market,” Gina Sanchez, founder and CEO of Chantico Global, said Thursday on CNBC’s “Trading Nation.” And I think Goldman was basically saying, ‘Hey, now they’re really, really, really, really cheap,'” Sanchez said. And if you look at the places Caterpillar is particularly exposed to, it’s oil and mining,” she said. “We’re not seeing that in the mining sector, we’re not seeing that in the underlying commodities prices, and we’re certai


“Caterpillar has just been an unloved stepchild of this stock market,” Gina Sanchez, founder and CEO of Chantico Global, said Thursday on CNBC’s “Trading Nation.”
And I think Goldman was basically saying, ‘Hey, now they’re really, really, really, really cheap,'” Sanchez said.
And if you look at the places Caterpillar is particularly exposed to, it’s oil and mining,” she said.
“We’re not seeing that in the mining sector, we’re not seeing that in the underlying commodities prices, and we’re certai
Caterpillar is ‘really, really cheap,’ but two traders warn that it may not be a good buy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: lizzy gurdus, ivana freitas
Keywords: news, cnbc, companies, gordon, good, caterpillar, oil, stock, traders, really, mining, cheap, buy, sanchez, goldman, sector, seeing, warn


Caterpillar is 'really, really cheap,' but two traders warn that it may not be a good buy

The bulls are out for Caterpillar, at least at Goldman Sachs.

Analysts at the firm upgraded the stock to “buy” on Thursday, citing an “attractive” risk-reward profile for shares of the industrial equipment giant and calling for as much as 20% upside with their $168 price target over the next 12 months. Caterpillar shares closed up less than one-tenth of 1% at $139.72 on Thursday.

Not everyone is as eager to buy into the bull thesis for this China-tied name, however.

“Caterpillar has just been an unloved stepchild of this stock market,” Gina Sanchez, founder and CEO of Chantico Global, said Thursday on CNBC’s “Trading Nation.”

“Every time you got any bad trade news, any bad oil news, any bad anything, they got beat up. And I think Goldman was basically saying, ‘Hey, now they’re really, really, really, really cheap,'” Sanchez said. “So, you’re really buying this as a value story. But going forward, they still have challenges.”

The strategist pointed to two areas of the market that have been seeing outsized moves to the downside of late: oil and mining.

“It’s been really hard to be energy and materials stocks right now. And if you look at the places Caterpillar is particularly exposed to, it’s oil and mining,” she said.

With the International Energy Agency expecting global oil demand to slow for the first time in a decade in the first quarter, and mining companies putting their equipment orders on hold because of an uncertain outlook, that doesn’t exactly bode well for Caterpillar, Sanchez said.

Add in the questions still surrounding the U.S.-China trade negotiations, and potential tariffs could make things especially difficult, she warned.

“If you were to … buy into this Goldman call, you have to believe that something else is going to catalyze this stock,” she said. “We’re not seeing that in the mining sector, we’re not seeing that in the underlying commodities prices, and we’re certainly not seeing it in energy or oil demand.”

“So, I’m not sure that it’s going to be a fun hold, but I think, in the long term, it’s very cheap,” Sanchez said.

Todd Gordon, managing director at Ascent Wealth Partners, said in the same “Trading Nation” interview that the caution was “absolutely warranted.”

“We’ve fallen into a big period of consolidation,” he said of Caterpillar and the exchange-traded fund tracking China’s largest companies, the iShares China Large-Cap ETF (FXI). “There’s no real progress here on that chart.”

To make matters worse, Caterpillar has also been underperforming its own sector, Gordon said, with the stock’s relative ratio to the Industrial Select Sector SPDR Fund (XLI) also on the decline.

“For now, this is dead money,” Gordon said. “I appreciate Goldman’s call. But from an opportunity cost, there’s other places to put your money right now [where] you’re seeing much better performance. So, until these ranges break, OK, then we’ll talk. But, otherwise, stay away.”

Caterpillar is down about 5% year to date.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: lizzy gurdus, ivana freitas
Keywords: news, cnbc, companies, gordon, good, caterpillar, oil, stock, traders, really, mining, cheap, buy, sanchez, goldman, sector, seeing, warn


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Goldman tells clients to put the coronavirus fears aside and buy Caterpillar, sees 20% upside

Construction machinery of the US producer Caterpillar can be seen at the BLG Logistics Group Car Terminal, ready for shipping in Bremerhaven, Germany, 12 June 2017. Photo: Ingo Wagner/dpa (Photo by Ingo Wagner/picture alliance via Getty Images)(This story is for subscribers only.) Goldman Sachs upgraded Caterpillar on Thursday and said it sees an “attractive” risk/reward and 20% upside ahead as fundamentals appear to be strengthening despite the risk of a slowing China. The shares of the machine


Construction machinery of the US producer Caterpillar can be seen at the BLG Logistics Group Car Terminal, ready for shipping in Bremerhaven, Germany, 12 June 2017.
Photo: Ingo Wagner/dpa (Photo by Ingo Wagner/picture alliance via Getty Images)(This story is for subscribers only.)
Goldman Sachs upgraded Caterpillar on Thursday and said it sees an “attractive” risk/reward and 20% upside ahead as fundamentals appear to be strengthening despite the risk of a slowing China.
The shares of the machine
Goldman tells clients to put the coronavirus fears aside and buy Caterpillar, sees 20% upside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: michael bloom
Keywords: news, cnbc, companies, buy, upgraded, upside, coronavirus, wagnerpicture, subscribers, machinery, strengthening, clients, tells, sees, wagnerdpa, caterpillar, aside, ingo, goldman, terminal, fears


Goldman tells clients to put the coronavirus fears aside and buy Caterpillar, sees 20% upside

Construction machinery of the US producer Caterpillar can be seen at the BLG Logistics Group Car Terminal, ready for shipping in Bremerhaven, Germany, 12 June 2017. Photo: Ingo Wagner/dpa (Photo by Ingo Wagner/picture alliance via Getty Images)

(This story is for subscribers only.)

Goldman Sachs upgraded Caterpillar on Thursday and said it sees an “attractive” risk/reward and 20% upside ahead as fundamentals appear to be strengthening despite the risk of a slowing China.

The shares of the machinery equipment giant are off by 5% this year on concern about a deceleration in sales to markets in China due to the coronavirus.


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: michael bloom
Keywords: news, cnbc, companies, buy, upgraded, upside, coronavirus, wagnerpicture, subscribers, machinery, strengthening, clients, tells, sees, wagnerdpa, caterpillar, aside, ingo, goldman, terminal, fears


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Goldman is going head-to-head with Silicon Valley giants for tech talent, says exec

Wall Street giant Goldman Sachs is increasingly going head-to-head with the biggest tech companies for talent as it rapidly boosts its engineering talent, said George Lee, the bank’s co-Chief Investment Officer. Speaking onstage at Goldman’s Technology and Internet Conference in San Francisco on Wednesday, Lee said that the investment bank now has 10,000 developers, making up about one-quarter of its total workforce. “The trend is very much toward technology companies,” Lee said, when asked abou


Wall Street giant Goldman Sachs is increasingly going head-to-head with the biggest tech companies for talent as it rapidly boosts its engineering talent, said George Lee, the bank’s co-Chief Investment Officer.
Speaking onstage at Goldman’s Technology and Internet Conference in San Francisco on Wednesday, Lee said that the investment bank now has 10,000 developers, making up about one-quarter of its total workforce.
“The trend is very much toward technology companies,” Lee said, when asked abou
Goldman is going head-to-head with Silicon Valley giants for tech talent, says exec Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: ari levy
Keywords: news, cnbc, companies, workforce, engineering, lee, working, exec, headtohead, valley, bank, technology, goldman, giants, investment, silicon, going, banks, talent, tech


Goldman is going head-to-head with Silicon Valley giants for tech talent, says exec

Wall Street giant Goldman Sachs is increasingly going head-to-head with the biggest tech companies for talent as it rapidly boosts its engineering talent, said George Lee, the bank’s co-Chief Investment Officer.

Speaking onstage at Goldman’s Technology and Internet Conference in San Francisco on Wednesday, Lee said that the investment bank now has 10,000 developers, making up about one-quarter of its total workforce. They’re joining from all over the world, but Lee said that the heftiest competition is coming from the likes of Amazon, Microsoft, Google and Facebook.

“The trend is very much toward technology companies,” Lee said, when asked about the source of the bank’s engineering staff. “We need to compete at that level.”

Technology needs at the bank span from the increased reliance on cloud infrastructure to new products like the Apple Card, the credit card the bank launched with the iPhone maker last year. In hiring top engineers, Lee said the bank has to play into the trends of software, particularly open source, with a more distributed workforce and people working from cities and towns across the globe. Three locations he highlighted are Bengaluru, India; Warsaw, Poland and Dallas.

One challenge for Goldman is that developers have grown accustomed to working on the move from their laptops and communicating with co-workers from the train or local Starbucks. Because of the strict regulatory environment in which Goldman operates, Lee said the firm has to balance those preferences with “being super mindful of our obligation.”

Lee, who’s been at Goldman for, more than 25 years and gained a big name in Silicon Valley as the head of the firm’s tech investment banking division, was named co-CIO in 2018, putting him at the center of the bank’s massive software and infrastructure investments. Last year, he was joined by Marco Argenti, who had served as vice president of technology at Amazon Web Services since 2013.

Lee said Argenti has tapped his network for engineering talent, and that the bank is focusing some recruiting efforts at college campuses.

Lee also said concerns surrounding the spread of the coronavirus has forced the firm to put more consideration into how it provisions people in affected areas to work from home. According to Reuters, Goldman canceled its annual partners meeting earlier this month because some employees from Asia weren’t able to make it to New York due to travel restrictions surrounding the outbreak, which has killed more than 1,100 people.

WATCH: CNBC’s interview with Goldman Sachs CEO David Solomon


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: ari levy
Keywords: news, cnbc, companies, workforce, engineering, lee, working, exec, headtohead, valley, bank, technology, goldman, giants, investment, silicon, going, banks, talent, tech


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Goldman Sachs is lining up Prince Harry for its online interview series

Goldman Sachs is in discussions to feature Prince Harry as a guest speaker for its interview series “Talks at GS,” according to a person with knowledge of the situation. As the Mirror first reported, Harry spoke with Goldman about the possible collaboration starting in November, the person confirmed. Earlier this month, Harry was reportedly a guest speaker at a JPMorgan Chase client event in Miami. Goldman began holding its “Talks at GS” a few years ago as an informal series for employees held i


Goldman Sachs is in discussions to feature Prince Harry as a guest speaker for its interview series “Talks at GS,” according to a person with knowledge of the situation.
As the Mirror first reported, Harry spoke with Goldman about the possible collaboration starting in November, the person confirmed.
Earlier this month, Harry was reportedly a guest speaker at a JPMorgan Chase client event in Miami.
Goldman began holding its “Talks at GS” a few years ago as an informal series for employees held i
Goldman Sachs is lining up Prince Harry for its online interview series Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: hugh son
Keywords: news, cnbc, companies, including, lining, sachs, prince, mirror, online, person, talks, began, goldman, speaker, interview, series, harry


Goldman Sachs is lining up Prince Harry for its online interview series

Goldman Sachs is in discussions to feature Prince Harry as a guest speaker for its interview series “Talks at GS,” according to a person with knowledge of the situation.

The Duke of Sussex will likely want to speak about two issues of personal interest: mental health and the needs of military veterans, said the person, who declined to be identified because the event isn’t secured yet.

While the prince and spouse Meghan Markle recently announced that they would seek financial independence and step back from royal duties, the “Talks at GS” events aren’t a paid appearance, the person said.

As the Mirror first reported, Harry spoke with Goldman about the possible collaboration starting in November, the person confirmed. Earlier this month, Harry was reportedly a guest speaker at a JPMorgan Chase client event in Miami.

But the person pushed back on the assertion in the Mirror article that the talks could “pave the way for the Sussexes to forge a l­ucrative future relationship” with New York-based Goldman.

Goldman began holding its “Talks at GS” a few years ago as an informal series for employees held in the auditorium of its headquarters in downtown Manhattan. In 2018, as the company began a campaign to loosen its image with the public, it began posting the interviews on streaming platforms including Spotify and Youtube.

Previous guests ranged from CEOs like Robert Iger of Disney to athletes including David Beckham and writers such as Malcolm Gladwell.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: hugh son
Keywords: news, cnbc, companies, including, lining, sachs, prince, mirror, online, person, talks, began, goldman, speaker, interview, series, harry


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Watch CNBC’s full interview with Goldman Sachs CEO David Solomon

Watch CNBC’s full interview with Goldman Sachs CEO David SolomonGoldman Sachs CEO David Solomon joins CNBC’s “Closing Bell” for an exclusive interview with Deirdre Bosa.


Watch CNBC’s full interview with Goldman Sachs CEO David SolomonGoldman Sachs CEO David Solomon joins CNBC’s “Closing Bell” for an exclusive interview with Deirdre Bosa.
Watch CNBC’s full interview with Goldman Sachs CEO David Solomon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12
Keywords: news, cnbc, companies, cnbcs, sachs, solomon, interview, ceo, goldman, solomongoldman, david, watch, joins


Watch CNBC's full interview with Goldman Sachs CEO David Solomon

Watch CNBC’s full interview with Goldman Sachs CEO David Solomon

Goldman Sachs CEO David Solomon joins CNBC’s “Closing Bell” for an exclusive interview with Deirdre Bosa.


Company: cnbc, Activity: cnbc, Date: 2020-02-12
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Goldman Sachs CEO David Solomon says markets ‘don’t care’ yet about Bernie Sanders’ surging campaign

Goldman Sachs CEO David Solomon said that the stock market doesn’t yet care about Bernie Sanders’ surging campaign to become the Democratic presidential nominee. “Look at the markets,” Solomon told CNBC’s Deirdre Bosa on Wednesday. “The markets at the moment don’t care about any of this, because it’s too early. “It’s not something we’re spending a lot of time worrying about,” he added. Sanders, who has proposed raising corporate taxes and reversing President Donald Trump’s tax cuts as part of a


Goldman Sachs CEO David Solomon said that the stock market doesn’t yet care about Bernie Sanders’ surging campaign to become the Democratic presidential nominee.
“Look at the markets,” Solomon told CNBC’s Deirdre Bosa on Wednesday.
“The markets at the moment don’t care about any of this, because it’s too early.
“It’s not something we’re spending a lot of time worrying about,” he added.
Sanders, who has proposed raising corporate taxes and reversing President Donald Trump’s tax cuts as part of a
Goldman Sachs CEO David Solomon says markets ‘don’t care’ yet about Bernie Sanders’ surging campaign Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: hugh son
Keywords: news, cnbc, companies, surging, dont, worrying, wideranging, sanders, late, sachs, solomon, ceo, goldman, markets, president, care, david, democratic


Goldman Sachs CEO David Solomon says markets 'don't care' yet about Bernie Sanders' surging campaign

Goldman Sachs CEO David Solomon said that the stock market doesn’t yet care about Bernie Sanders’ surging campaign to become the Democratic presidential nominee.

“Look at the markets,” Solomon told CNBC’s Deirdre Bosa on Wednesday. “The markets at the moment don’t care about any of this, because it’s too early. There’s also a huge difference between campaigning platforms and rhetoric and then ultimately getting elected, becoming president and having the right mix of who is in Congress and the Senate to actually create legislation.”

“It’s not something we’re spending a lot of time worrying about,” he added.

His comments are in stark contrast with those from his predecessor, Lloyd Blankfein, who late Tuesday tweeted his concern about the rise of Sanders, saying he would “ruin” the U.S. economy.

Sanders, who has proposed raising corporate taxes and reversing President Donald Trump’s tax cuts as part of a wide-ranging progressive agenda, has emerged as a front-runner for the Democratic nomination.

Separately, Solomon, who took over at Goldman in late 2018, said that he believed the economic impact of the coronavirus “will be a little more controlled if it stays on the course it seems to be on now.”


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: hugh son
Keywords: news, cnbc, companies, surging, dont, worrying, wideranging, sanders, late, sachs, solomon, ceo, goldman, markets, president, care, david, democratic


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Goldman has a portfolio tracking hedge funds that is trouncing the market — Here’s what’s in it

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. It’s been a volatile year so far and that’s the environment where hedge funds are supposed to thrive. Goldman Sachs has a portfolio tracking this big money and it’s off to a great start this year. The so-called hedge fund “very important position” basket from Goldman is crushing the market in 2020, returning 7% this year. The portfolio contains the 50 stocks that appear most oft


Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020.
It’s been a volatile year so far and that’s the environment where hedge funds are supposed to thrive.
Goldman Sachs has a portfolio tracking this big money and it’s off to a great start this year.
The so-called hedge fund “very important position” basket from Goldman is crushing the market in 2020, returning 7% this year.
The portfolio contains the 50 stocks that appear most oft
Goldman has a portfolio tracking hedge funds that is trouncing the market — Here’s what’s in it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: yun li
Keywords: news, cnbc, companies, traders, volatile, market, hedge, work, yearthe, funds, trouncing, york, tracking, whats, goldman, heres, portfolio


Goldman has a portfolio tracking hedge funds that is trouncing the market — Here's what's in it

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020.

(This story is for CNBC Pro subscribers only.)

It’s been a volatile year so far and that’s the environment where hedge funds are supposed to thrive. Goldman Sachs has a portfolio tracking this big money and it’s off to a great start this year.

The so-called hedge fund “very important position” basket from Goldman is crushing the market in 2020, returning 7% this year. S&P is up about 4%. The portfolio contains the 50 stocks that appear most often on the top 10 holdings of fundamentally-driven hedge funds, according to Goldman.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: yun li
Keywords: news, cnbc, companies, traders, volatile, market, hedge, work, yearthe, funds, trouncing, york, tracking, whats, goldman, heres, portfolio


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Goldman says buy these stocks if coronavirus fears prove to be overblown

A pedestrian with an umbrella walks in front of the Wynn Palace casino resort, operated by Wynn Resorts Ltd., in Macau, China, Jan. 31, 2018. For investors who believe the impact of the coronavirus outbreak will be contained, Goldman Sachs said buy the dip in these value stocks. Stocks rebounded last week despite lingering fears about the deadly virus with the S&P 500 pulling off its biggest weekly gain since June. If the concerns about the epidemic turn out to be overblown, stocks with solid di


A pedestrian with an umbrella walks in front of the Wynn Palace casino resort, operated by Wynn Resorts Ltd., in Macau, China, Jan. 31, 2018.
For investors who believe the impact of the coronavirus outbreak will be contained, Goldman Sachs said buy the dip in these value stocks.
Stocks rebounded last week despite lingering fears about the deadly virus with the S&P 500 pulling off its biggest weekly gain since June.
If the concerns about the epidemic turn out to be overblown, stocks with solid di
Goldman says buy these stocks if coronavirus fears prove to be overblown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: yun li
Keywords: news, cnbc, companies, value, prove, weekly, week, kostin, coronavirus, buy, goldman, walks, wynn, fears, virus, believe, stocks, overblown


Goldman says buy these stocks if coronavirus fears prove to be overblown

A pedestrian with an umbrella walks in front of the Wynn Palace casino resort, operated by Wynn Resorts Ltd., in Macau, China, Jan. 31, 2018.

For investors who believe the impact of the coronavirus outbreak will be contained, Goldman Sachs said buy the dip in these value stocks.

Stocks rebounded last week despite lingering fears about the deadly virus with the S&P 500 pulling off its biggest weekly gain since June. If the concerns about the epidemic turn out to be overblown, stocks with solid dividend growth should outperform, according to David Kostin, Goldman’s head U.S. equity strategy.

“Investors who believe the economic consequences of the coronavirus will be limited should increase exposure to cyclicals and value stocks,” Kostin said in a note on Friday.


Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: yun li
Keywords: news, cnbc, companies, value, prove, weekly, week, kostin, coronavirus, buy, goldman, walks, wynn, fears, virus, believe, stocks, overblown


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Goldman’s dividend growth portfolio is doubling the market’s return. Here are the stocks in it

Goldman Sachs has a portfolio of dividend stocks for investors who want a smoother ride and it’s topping the market as well. The bank is touting to clients a portfolio that tracks stocks with high dividend growth. This winning basket consists of 50 stocks with above average dividend yield and the fastest expected dividend growth, according to the bank’s note to clients explaining the portfolios’ constructions. These stocks will raise their dividends by an annualized rate of 9% through 2021, comp


Goldman Sachs has a portfolio of dividend stocks for investors who want a smoother ride and it’s topping the market as well.
The bank is touting to clients a portfolio that tracks stocks with high dividend growth.
This winning basket consists of 50 stocks with above average dividend yield and the fastest expected dividend growth, according to the bank’s note to clients explaining the portfolios’ constructions.
These stocks will raise their dividends by an annualized rate of 9% through 2021, comp
Goldman’s dividend growth portfolio is doubling the market’s return. Here are the stocks in it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-06  Authors: yun li
Keywords: news, cnbc, companies, markets, doubling, 500s, return, growth, basket, goldman, yield, dividend, york, goldmans, stocks, portfolio


Goldman's dividend growth portfolio is doubling the market's return. Here are the stocks in it

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020.

2020 is turning out already to be a volatile year with the coronavirus catching investors off guard , sending major stock averages on a roller coaster ride and bond yields diving. Goldman Sachs has a portfolio of dividend stocks for investors who want a smoother ride and it’s topping the market as well.

The bank is touting to clients a portfolio that tracks stocks with high dividend growth. It is doubling the S&P 500’s returns so far this year and is the best performing basket among the 46 portfolios Goldman created exclusively for its clients.

This winning basket consists of 50 stocks with above average dividend yield and the fastest expected dividend growth, according to the bank’s note to clients explaining the portfolios’ constructions.

These stocks will raise their dividends by an annualized rate of 9% through 2021, compared to the S&P 500’s median dividend growth rate of 5%, Goldman analysts estimate. The basket pays a dividend of 3.5%, versus the S&P 500’s 1.9% and much higher than the current 10-year yield of about 1.6%. The portfolio has returned 6% so far in 2020, beating the S&P 500’s 3% gain.


Company: cnbc, Activity: cnbc, Date: 2020-02-06  Authors: yun li
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Here are Wednesday’s biggest analyst calls of the day: Tesla, Goldman Sachs, Pinterest & more

Tesla Inc CEO Elon Musk takes off his coat onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Canaccord downgraded the stock after the recent runup in shares and said investors should wait for a better “entry point””Following an electrifying run in 2020, we are downgrading shares of Tesla to HOLD as we see a balanced risk reward for investors to lock in profits. Just as we observed a clear buy signal coming into 2020, we see the risk of China’s


Tesla Inc CEO Elon Musk takes off his coat onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020.
Canaccord downgraded the stock after the recent runup in shares and said investors should wait for a better “entry point””Following an electrifying run in 2020, we are downgrading shares of Tesla to HOLD as we see a balanced risk reward for investors to lock in profits.
Just as we observed a clear buy signal coming into 2020, we see the risk of China’s
Here are Wednesday’s biggest analyst calls of the day: Tesla, Goldman Sachs, Pinterest & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-05  Authors: michael bloom
Keywords: news, cnbc, companies, shanghai, expectations, model, goldman, pinterest, day, calls, investors, 2020, sachs, risk, clear, china, analyst, tesla, biggest, wednesdays, shares


Here are Wednesday's biggest analyst calls of the day: Tesla, Goldman Sachs, Pinterest & more

Tesla Inc CEO Elon Musk takes off his coat onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020.

Canaccord downgraded the stock after the recent runup in shares and said investors should wait for a better “entry point”

“Following an electrifying run in 2020, we are downgrading shares of Tesla to HOLD as we see a balanced risk reward for investors to lock in profits. Just as we observed a clear buy signal coming into 2020, we see the risk of China’s coronavirus as a clear headwind to the Shanghai facility, suggesting a more pragmatic position. Given the 3,000 per week China Model 3 production expectations in a country that remains on lockdown, we feel a reset of expectations in Q1 is likely and thus needs to be reflected in the valuation.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2020-02-05  Authors: michael bloom
Keywords: news, cnbc, companies, shanghai, expectations, model, goldman, pinterest, day, calls, investors, 2020, sachs, risk, clear, china, analyst, tesla, biggest, wednesdays, shares


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