This group of tech stocks is in a ‘must-own industry,’ Oppenheimer says

Ari Wald, head of technical analysis at Oppenheimer, calls this group a “must-own industry” and says the IGV ETF is about to break out even more. The IGV ETF is less than 1 percent from breaking out above $206. It has very high margins,” Sanchez said on “Trading Nation” on Monday. The software ETF has profit margins at 30 percent of total revenue, according to FactSet, higher than the 20 percent margins on the broader S&P 500. The IGV ETF is just 2 percent from record highs.


Ari Wald, head of technical analysis at Oppenheimer, calls this group a “must-own industry” and says the IGV ETF is about to break out even more. The IGV ETF is less than 1 percent from breaking out above $206. It has very high margins,” Sanchez said on “Trading Nation” on Monday. The software ETF has profit margins at 30 percent of total revenue, according to FactSet, higher than the 20 percent margins on the broader S&P 500. The IGV ETF is just 2 percent from record highs.
This group of tech stocks is in a ‘must-own industry,’ Oppenheimer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: keris lahiff, adam jeffery, haidar mohammed ali, afp, getty images, scott olson, brendan mcdermid, drew angerer, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, industry, mustown, margins, sanchez, think, wald, software, stocks, oppenheimer, trading, igv, continue, group, right, etf, tech


This group of tech stocks is in a 'must-own industry,' Oppenheimer says

One slice of the tech space is outperforming.

The IGV tech-software sector ETF, which holds stocks such as Salesforce.com and Oracle, is up more than 18 percent in 2019, better than the 15 percent gain on the broader XLK technology ETF.

Ari Wald, head of technical analysis at Oppenheimer, calls this group a “must-own industry” and says the IGV ETF is about to break out even more.

“The ETF has pushed right up into its 2018 highs at around $206. That’s resistance. Aside from what could be a pause here, we think investors want to own this ETF ahead of what we think is going to be a breakout above this resistance level,” said Wald.

The IGV ETF is less than 1 percent from breaking out above $206. It fell below that level last week.

“You have a bullish trend going into it. You can see that rising 200-day moving average. The ETF also scores well in our momentum ranks. That speaks to the relative leadership,” Wald said Monday on CNBC’s “Trading Nation.”

Microsoft, which holds an 8 percent weighting in the IGV ETF, is an example of the type of software company likely to lead the group higher, according to Wald.

Wald said it is “also reversing its near-term downtrend and we think positioned to see a resumption of its long-term uptrend, so overall we think these high-growth companies continue to lead the S&P’s secular advance in this low growth world.”

The fundamentals of these software companies should continue to work in their favor, said Gina Sanchez, CEO of Chantico Global.

“One of the reasons it has done well is that it is a very profitable business. It has very high margins,” Sanchez said on “Trading Nation” on Monday.

The software ETF has profit margins at 30 percent of total revenue, according to FactSet, higher than the 20 percent margins on the broader S&P 500.

“If you can get it right, it doesn’t take a lot of extra effort to continue to sell thousands or even millions of licenses on a piece of software. It really just takes maintenance and continued maintenance,” said Sanchez. “On the investor side, you’re starting to see some fatigue but we’re not seeing that in the pricing. The markets are still rewarding these companies.”

The IGV ETF is just 2 percent from record highs. It has bounced 29 percent off its Christmas Eve lows.


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: keris lahiff, adam jeffery, haidar mohammed ali, afp, getty images, scott olson, brendan mcdermid, drew angerer, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, industry, mustown, margins, sanchez, think, wald, software, stocks, oppenheimer, trading, igv, continue, group, right, etf, tech


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Stocks are in a strong uptrend, but traders are turning cautious

The markets are starting off with a somewhat defensive edge on Tuesday, but the overall trend has been remarkably positive. It means more stocks are advancing than declining, and it’s the single most important indicator I look at. Other internals are also strong: New highs are expanding, selling pressure is low and the Dow Jones Industrial Average is riding an eight-week win streak. The market leadership is tilted heavily toward cyclical stocks, which market bulls always like to see lead. A lot


The markets are starting off with a somewhat defensive edge on Tuesday, but the overall trend has been remarkably positive. It means more stocks are advancing than declining, and it’s the single most important indicator I look at. Other internals are also strong: New highs are expanding, selling pressure is low and the Dow Jones Industrial Average is riding an eight-week win streak. The market leadership is tilted heavily toward cyclical stocks, which market bulls always like to see lead. A lot
Stocks are in a strong uptrend, but traders are turning cautious Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: bob pisani, bryan r smith, afp, getty images, drew angerer, source, david a grogan, alexander pohl, nurphoto, daniel acker
Keywords: news, cnbc, companies, near, cautious, rally, strong, highs, stocks, uptrend, market, turning, traders, oppenheimer, markets, positive


Stocks are in a strong uptrend, but traders are turning cautious

The markets are starting off with a somewhat defensive edge on Tuesday, but the overall trend has been remarkably positive. So, why are so many people cautious about the markets?

You wouldn’t be cautious looking at the details. Breadth as measured by the advance/decline line has been improving almost every day since the Dec. 24 bottom. It means more stocks are advancing than declining, and it’s the single most important indicator I look at. That A/D line is now essentially near the historic high it hit late in 2018.

Other internals are also strong: New highs are expanding, selling pressure is low and the Dow Jones Industrial Average is riding an eight-week win streak.

The market leadership is tilted heavily toward cyclical stocks, which market bulls always like to see lead. Since the Dec. 24 low, industrials are up 25.3 percent, energy stocks are up 22 percent, technology stocks are up 20.6 percent, consumer discretionary stocks are up 19.6 percent and financials are up 18.2 percent, according to Oppenheimer.

At the same time, the laggards have all been defensive sectors. Health care is up 14.9 percent, consumer staples are up 11.6 percent and utilities are up 7.6 percent, Oppenheimer noted.

Another positive is that this is not solely a U.S.-led rally. There is a modest global breakout going on as well. Europe’s Stoxx 600 is at four-month highs, as are markets in Shanghai and Korea. Japan is at two-month highs, and oil is at a three-month high.

Yet so many strategists are sounding cautious, like John Stoltzfus at Oppenheimer, who told clients Tuesday morning, “We believe investors should leave the party hats in the box, stay focused on their goals and objectives and keep expectations right-sized avoiding complacency.”

It’s mostly because the good news, such as progress on trade talks, the Fed putting rate hikes on hold and strong market momentum, has been offset by clear signs of slower global growth (Europe and China especially but also possibly including the U.S., where last week’s industrial production and retail sales numbers were especially disappointing) and U.S. earnings expectations that are near zero for the year.

Still, traders like NYSE floor veteran Peter Tuchman of QMS Directex are still taking in the extent of the rally and believe there may be more to come: “No one expected a fast and furious rally coming out of that Christmas Eve sell-off. Now all of a sudden we are up almost 20 percent, and everyone has a list of stocks they want to buy and the market is not helping them. A lot of people who got out during the market downturn in December are now notably underperforming the markets.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: bob pisani, bryan r smith, afp, getty images, drew angerer, source, david a grogan, alexander pohl, nurphoto, daniel acker
Keywords: news, cnbc, companies, near, cautious, rally, strong, highs, stocks, uptrend, market, turning, traders, oppenheimer, markets, positive


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Don’t expect significant stock market gains in 2019, says Goldman’s Oppenheimer

A stock market rebound at the beginning of 2019 comes after a period of gloomy market sentiment in the final three months of last year. However, improving market sentiment since the beginning of 2019 has helped the Dow Jones Industrial Average jump more than 7 percent, with the pan-European Stoxx 600 also climbing over 6 percent. “European stock markets have enjoyed a rally over the course of this year to date just as most others have as well. But, fundamentally — that said — we do think profit


A stock market rebound at the beginning of 2019 comes after a period of gloomy market sentiment in the final three months of last year. However, improving market sentiment since the beginning of 2019 has helped the Dow Jones Industrial Average jump more than 7 percent, with the pan-European Stoxx 600 also climbing over 6 percent. “European stock markets have enjoyed a rally over the course of this year to date just as most others have as well. But, fundamentally — that said — we do think profit
Don’t expect significant stock market gains in 2019, says Goldman’s Oppenheimer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: sam meredith, brendan mcdermid
Keywords: news, cnbc, companies, returns, weak, expect, 2019, growth, markets, gains, profit, oppenheimer, pretty, dont, goldmans, sentiment, stock, market, significant


Don't expect significant stock market gains in 2019, says Goldman's Oppenheimer

Goldman’s Oppenheimer: Important to note the European stock markets are not the European economies 5 Hours Ago | 07:27

Investors hoping for big returns from financial markets this year are going to have to dial back their expectations, according to the chief global equity strategist at Goldman Sachs.

A stock market rebound at the beginning of 2019 comes after a period of gloomy market sentiment in the final three months of last year.

U.S.-China trade tensions, Brexit uncertainty and fears about global growth intensified at the end of 2018, prompting U.S. stocks to register their worst December since the Great Depression.

However, improving market sentiment since the beginning of 2019 has helped the Dow Jones Industrial Average jump more than 7 percent, with the pan-European Stoxx 600 also climbing over 6 percent.

“European stock markets have enjoyed a rally over the course of this year to date just as most others have as well. But, fundamentally — that said — we do think profit growth is going to be pretty weak this year,” Goldman Sachs’ Peter Oppenheimer told CNBC on Friday.

“It’s worth noting that we expect pretty weak profit growth across all major regions this year… That’s where we get this idea of a sort of skinny and flat market, relatively low returns in a reasonably narrow trading range,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: sam meredith, brendan mcdermid
Keywords: news, cnbc, companies, returns, weak, expect, 2019, growth, markets, gains, profit, oppenheimer, pretty, dont, goldmans, sentiment, stock, market, significant


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Caterpillar is not the way to play this US-China trade truce, Oppenheimer says

Caterpillar just got a big bump from easing trade tensions between the U.S. and China. Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg. “Both of those things have provided a very strong tai


Caterpillar just got a big bump from easing trade tensions between the U.S. and China. Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg. “Both of those things have provided a very strong tai
Caterpillar is not the way to play this US-China trade truce, Oppenheimer says Cached Page below :
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Keywords: news, cnbc, companies, stock, right, truce, youre, play, way, uschina, oppenheimer, caterpillar, global, schlossberg, easing, lower, trade, wald


Caterpillar is not the way to play this US-China trade truce, Oppenheimer says

Caterpillar just got a big bump from easing trade tensions between the U.S. and China.

Shares of the industrial bellwether surged more than 2 percent to begin the week, wiping out some of its year-to-date losses. Its stock remains 12 percent lower for 2018.

Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce.

The trade war cease-fire “should be good for the stock market. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “In general, we are cautious on capital goods stocks that are exposed to the global economy, and what we see as a decelerating macro backdrop.”

Caterpillar has been trending lower for much of the year, caught between trade headlines and fears of slowing global growth. The industrials giant is particularly sensitive to any drop in global economic activity.

“If you’re buying this stock you’re making the case that the global backdrop is bullish,” said Wald. “What we instead see is a stock rallying into very formidable resistance at around $142. This marks the stock’s … falling 200-day moving average as well as its Q1 lows.”

Caterpillar would need to rally another 2 percent to reach its resistance at $142.

Boris Schlossberg, managing director of FX strategy at BK Asset Management, is more bullish on the stock, naming two macro factors that could carry Caterpillar higher.

“The Fed seems to be easing its monetary path cycle, and therefore if it really isn’t going to hike rates as much as the market thinks in 2019, that’s positive for Caterpillar, which obviously has a lower cost of capital as a result of this,” Schlossberg told “Trading Nation” on Monday.

Federal Reserve Chair Jerome Powell last week eased concerns that the central bank would move too aggressively next year to raise interest rates. Investors see a more dovish Fed as less of an impediment to economic growth.

“The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg.

The U.S. and China agreed over the weekend to a 90-day trade truce to hold tariffs at current levels. That three-month stretch allows them time to reach a more formal trade agreement.

“Both of those things have provided a very strong tailwind for the stock right now,” Schlossberg said. “If the dynamic for those things changes very quickly, the stock goes right back down, irrespective of its own internal fundamentals.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, stock, right, truce, youre, play, way, uschina, oppenheimer, caterpillar, global, schlossberg, easing, lower, trade, wald


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Goldman Sachs: Market plunge does not indicate a recession is near

The U.S. economy will not head into a recession in the next two years despite fears in the market that one may be on the horizon, Goldman Sachs’ Peter Oppenheimer told CNBC on Wednesday. Oppenheimer, chief global equity strategist at Goldman, expects the U.S. economy to grow but at a much slower pace of 1.6 percent by 2020. Equity markets are selling off for several reasons, he said, citing global trade worries, fears of weak profit growth in the next few years and rising interest rates. “The re


The U.S. economy will not head into a recession in the next two years despite fears in the market that one may be on the horizon, Goldman Sachs’ Peter Oppenheimer told CNBC on Wednesday. Oppenheimer, chief global equity strategist at Goldman, expects the U.S. economy to grow but at a much slower pace of 1.6 percent by 2020. Equity markets are selling off for several reasons, he said, citing global trade worries, fears of weak profit growth in the next few years and rising interest rates. “The re
Goldman Sachs: Market plunge does not indicate a recession is near Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, growth, profit, fears, global, indicate, recession, plunge, near, markets, expects, oppenheimer, sachs, equity, goldman, does, market, sp


Goldman Sachs: Market plunge does not indicate a recession is near

The U.S. economy will not head into a recession in the next two years despite fears in the market that one may be on the horizon, Goldman Sachs’ Peter Oppenheimer told CNBC on Wednesday.

Oppenheimer, chief global equity strategist at Goldman, expects the U.S. economy to grow but at a much slower pace of 1.6 percent by 2020.

Equity markets are selling off for several reasons, he said, citing global trade worries, fears of weak profit growth in the next few years and rising interest rates.

“The reality of a slowdown in profit growth and in activity, economically, has really been at the heart of this sell-off,” Oppenheimer said in an interview on CNBC’s “Worldwide Exchange.”

U.S. stocks rose Wednesday. With Tuesday’s losses, the Dow and S&P 500 were lower for the year, and the S&P 500 joined the Nasdaq in correction territory.

Oppenheimer said he expects support for equity markets, arguing that stock returns compared to economic growth expectations suggest there may have already been an overshoot on the downside in the market.

“We’re still in an upward trend,” Oppenheimer said. “The overall growth rates are going to slow, and we should expect a relatively low return in global equity markets next year but still positive.”


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, growth, profit, fears, global, indicate, recession, plunge, near, markets, expects, oppenheimer, sachs, equity, goldman, does, market, sp


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Goldman Sachs says the stock market isn’t buying official growth trends

Goldman Sachs told CNBC Friday the recent correction in stocks reveal that investors expect a bigger global slowdown than official data implies. October was a disastrous month for long-only stock holders as equity markets around the world shed an estimated $5 trillion of market capitalisation. Goldman’s chief global equity strategist Peter Oppenheimer said that the volume of selling suggested forecasts of a distinct global slowdown. Goldman illustrated the anomaly in a note last week that showed


Goldman Sachs told CNBC Friday the recent correction in stocks reveal that investors expect a bigger global slowdown than official data implies. October was a disastrous month for long-only stock holders as equity markets around the world shed an estimated $5 trillion of market capitalisation. Goldman’s chief global equity strategist Peter Oppenheimer said that the volume of selling suggested forecasts of a distinct global slowdown. Goldman illustrated the anomaly in a note last week that showed
Goldman Sachs says the stock market isn’t buying official growth trends Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: david reid, jonathan kirn, getty images
Keywords: news, cnbc, companies, investors, isnt, slowdown, index, jpmorgan, overshot, growth, trends, oppenheimer, sachs, goldman, stock, market, buying, world, global, official, manufacturing, told


Goldman Sachs says the stock market isn't buying official growth trends

Goldman Sachs told CNBC Friday the recent correction in stocks reveal that investors expect a bigger global slowdown than official data implies.

October was a disastrous month for long-only stock holders as equity markets around the world shed an estimated $5 trillion of market capitalisation. The S&P 500 in the United States fell on 16 of 23 trading days during the month.

Goldman’s chief global equity strategist Peter Oppenheimer said that the volume of selling suggested forecasts of a distinct global slowdown.

“If we benchmark the way equities have moved against macro variables, we think they have now overshot the current slowdown and are implying a much further slowdown from here,” Oppenheimer told CNBC’s Street Signs, before adding that investors have “overshot on the downside.”

Goldman illustrated the anomaly in a note last week that showed the MSCI World index slipping below its usual correlation to global manufacturing data.

The J.P.Morgan Global Manufacturing PMI— a composite index produced by J.P.Morgan and IHS Markit — fell to its lowest level in almost two years in October. It should be noted it remains in expansion territory at 52.1. Any figure above 50 indicates growth.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: david reid, jonathan kirn, getty images
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Goldman’s ‘bear market risk indicator’ signals returns will be zero the next 12 months

Goldman Sachs’s bear market prediction tool is at an “elevated” level that has historically signaled a zero average return over the next 12 months and a “substantial” risk of drawdown. Amazon, thought by many to be at the intersection of technology and consumer discretionary stocks, closed in a bear market and is down more than 20 percent from recent highs. But while the Goldman indicator may be suggesting tougher times ahead, Oppenheimer said there many be reason not to jump to conclusions abou


Goldman Sachs’s bear market prediction tool is at an “elevated” level that has historically signaled a zero average return over the next 12 months and a “substantial” risk of drawdown. Amazon, thought by many to be at the intersection of technology and consumer discretionary stocks, closed in a bear market and is down more than 20 percent from recent highs. But while the Goldman indicator may be suggesting tougher times ahead, Oppenheimer said there many be reason not to jump to conclusions abou
Goldman’s ‘bear market risk indicator’ signals returns will be zero the next 12 months Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: thomas franck, jacob w frank, getty images
Keywords: news, cnbc, companies, stock, strategist, signals, returns, zero, 12, inflation, risk, oppenheimer, indicator, bear, growth, market, goldmans, goldman, correction, months


Goldman's 'bear market risk indicator' signals returns will be zero the next 12 months

Goldman Sachs’s bear market prediction tool is at an “elevated” level that has historically signaled a zero average return over the next 12 months and a “substantial” risk of drawdown.

Goldman’s bear market indicator — which takes into account the unemployment rate, manufacturing data, core inflation, the term structure of the yield curve and stock valuation based on the Shiller PE ratio — is at a rare 73 percent, its highest level since the late 1960s and early 1970s.

The indicator is “flashing red,” wrote Goldman chief global equity strategist Peter Oppenheimer. “Historically, when the Indicator rises above 60 percent it is a good signal to investors to turn cautious, or at the very least recognize that a correction followed by a rally is more likely to be followed by a bear market than when these indicators are low.”

The caution from one of Wall Street’s banking bellwethers came as the Dow Jones Industrial Average and S&P 500 each added to steep losses over the past few weeks. The Dow finished Monday’s session down 602 points — or 2.3 percent — while the broader S&P’s slid 1.9 percent, bringing its three-month move to a loss of 3.7 percent.

“Coupled with tighter financial conditions, the impact of U.S. trade tariffs and rising oil prices have slowed global growth momentum,” the Goldman stock strategist added. “We often see slightly higher volatility and a peak followed by a correction, and then another peak around the top of a bull market. We have seen corrections twice this year: in January and then again in October.”

Though nearly every sector lost ground on Monday, the pain was worst in technology, consumer discretionary, energy and financials, which all dropped more than 1.9 percent. Amazon, thought by many to be at the intersection of technology and consumer discretionary stocks, closed in a bear market and is down more than 20 percent from recent highs.

The Nasdaq Composite finished the day in correction territory.

But while the Goldman indicator may be suggesting tougher times ahead, Oppenheimer said there many be reason not to jump to conclusions about an upcoming bear market.

“There remain good reasons why this indicator has been consistent with a sharp correction rather than the start of a prolonged bear market,” he wrote. “We continue to expect a sustained period of low returns rather than a sustained bear market.”

For his part, Oppenheimer expected economic growth to slow, but does not forecast a recession. In order for the stock strategist to ring the alarm about impending recession, he said he’d need to see a sharp rise in inflation and interest rates. But because of lethargic inflation, there has been a trend lower in volatility and longer expansion phases.

The Fed’s preferred inflation gauge, the PCE price index excluding the volatile food and energy components, rose 0.2 percent in September after being flat in August.

That left the year-on-year increase in the so-called core PCE price index at 2.0 percent for a fifth straight month. The metric rose above the central bank’s 2 percent inflation target in March for the first time since April 2012.

“Our view about the prospects for low returns is based on the idea that, without a recession, a bear market is not very likely,” Oppenheimer concluded. “While the likelihood of negative returns rises as growth slows, it doesn’t

become high until GDP growth is below 1 percent.”


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: thomas franck, jacob w frank, getty images
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China could target US tech stocks in trade war, Goldman Sachs warns

China could target U.S. tech stocks as part of the ongoing trade war, according to the top equity strategist at Goldman Sachs. Peter Oppenheimer told CNBC’s “Street Signs” on Tuesday that China may impose tariffs on industry components that could have an effect on supply chains. U.S.Technology firms could be first in the firing line, Goldman’s chief global equity strategist added. China has said it has no choice but to retaliate against the latest round of U.S. tariffs announced Monday by Presid


China could target U.S. tech stocks as part of the ongoing trade war, according to the top equity strategist at Goldman Sachs. Peter Oppenheimer told CNBC’s “Street Signs” on Tuesday that China may impose tariffs on industry components that could have an effect on supply chains. U.S.Technology firms could be first in the firing line, Goldman’s chief global equity strategist added. China has said it has no choice but to retaliate against the latest round of U.S. tariffs announced Monday by Presid
China could target US tech stocks in trade war, Goldman Sachs warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: david reid
Keywords: news, cnbc, companies, goldman, impose, effect, worth, china, chinese, warns, strategist, oppenheimer, sachs, tariffs, war, equity, trade, tech, stocks, inflation, target


China could target US tech stocks in trade war, Goldman Sachs warns

China could target U.S. tech stocks as part of the ongoing trade war, according to the top equity strategist at Goldman Sachs.

Peter Oppenheimer told CNBC’s “Street Signs” on Tuesday that China may impose tariffs on industry components that could have an effect on supply chains.

U.S.Technology firms could be first in the firing line, Goldman’s chief global equity strategist added.

“The target may be technology companies that have been the main driver of the equity bull market that we have seen in the U.S. and beyond,” Oppenheimer said.

China has said it has no choice but to retaliate against the latest round of U.S. tariffs announced Monday by President Donald Trump. Washington will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year. The U.S. had already levied tariffs on $50 billion worth of Chinese products which Beijing responded to with measures targeting the same amount on American goods.

Oppenheimer said another direct effect of China’s response could be to raise the cost of goods in U.S. stores and that could lead to an uptick in inflation.

“Maybe a small amount to begin with, but rising inflation at a time when you have had the economy growing for nine years, with extremely strong momentum at the moment, could feed into inflation and interest rate expectations,” he added.


Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: david reid
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Tesla will meet its Model 3 goal so buy the stock, Oppenheimer says

Rusch reiterated his 12-18 month $385 price target for Tesla shares, representing 37 percent upside to Wednesday’s close. Previously, Tesla gave production guidance for the third quarter of 50,000 to 55,000 Model 3 cars and a gross margin of “roughly” 15 percent for the vehicle. The analyst noted that InsideEVs estimate for second-quarter Model 3 deliveries was 18 percent below the actual number the company reported. He said if Tesla consistently produces 4,300 Model 3 cars per week, it can reac


Rusch reiterated his 12-18 month $385 price target for Tesla shares, representing 37 percent upside to Wednesday’s close. Previously, Tesla gave production guidance for the third quarter of 50,000 to 55,000 Model 3 cars and a gross margin of “roughly” 15 percent for the vehicle. The analyst noted that InsideEVs estimate for second-quarter Model 3 deliveries was 18 percent below the actual number the company reported. He said if Tesla consistently produces 4,300 Model 3 cars per week, it can reac
Tesla will meet its Model 3 goal so buy the stock, Oppenheimer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-06  Authors: tae kim, stephen lam
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Tesla will meet its Model 3 goal so buy the stock, Oppenheimer says

Rusch reiterated his 12-18 month $385 price target for Tesla shares, representing 37 percent upside to Wednesday’s close.

Previously, Tesla gave production guidance for the third quarter of 50,000 to 55,000 Model 3 cars and a gross margin of “roughly” 15 percent for the vehicle.

The analyst noted that InsideEVs estimate for second-quarter Model 3 deliveries was 18 percent below the actual number the company reported. He said if Tesla consistently produces 4,300 Model 3 cars per week, it can reach the high end of its guidance for the third quarter.

“We believe TSLA has the potential to be a transformational technology company and deliver outsized returns,” he said.

Tesla did not immediately respond to a request for comment.


Company: cnbc, Activity: cnbc, Date: 2018-09-06  Authors: tae kim, stephen lam
Keywords: news, cnbc, companies, buy, week, model, upside, goal, company, cars, meet, oppenheimer, stock, guidance, wednesdays, tsla, tesla, vehiclethe


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Three stocks to buy as momentum names hit new highs: Oppenheimer technician

Outside of tech, Wald sees continued moves higher for bargain store chain Dollar General, which reports earnings Thursday. Michael Bapis, managing director of The Bapis Group at HighTower Advisors, likes Dollar General, but would steer clear of the rest of the momentum space. “We think the momentum names have raced way ahead of where they should be,” Bapis told “Trading Nation” on Monday. “We think the momentum names are going to take a breather and there’s going to be a sector rotation into the


Outside of tech, Wald sees continued moves higher for bargain store chain Dollar General, which reports earnings Thursday. Michael Bapis, managing director of The Bapis Group at HighTower Advisors, likes Dollar General, but would steer clear of the rest of the momentum space. “We think the momentum names have raced way ahead of where they should be,” Bapis told “Trading Nation” on Monday. “We think the momentum names are going to take a breather and there’s going to be a sector rotation into the
Three stocks to buy as momentum names hit new highs: Oppenheimer technician Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: keris lahiff, daniel acker, bloomberg, getty images, frederic j brown, afp, patrick t fallon, norbert millauer, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, buy, trades, stocks, technician, hit, highs, trading, general, oppenheimer, bapis, momentum, think, sp, names, value, times


Three stocks to buy as momentum names hit new highs: Oppenheimer technician

Outside of tech, Wald sees continued moves higher for bargain store chain Dollar General, which reports earnings Thursday.

“Dollar General [is] breaking out through $105 resistance. I think that level now becomes support,” said Wald.

The retailer broke out above $105 in mid-August, a level it briefly reached but failed to hold in January.

Michael Bapis, managing director of The Bapis Group at HighTower Advisors, likes Dollar General, but would steer clear of the rest of the momentum space.

“We think the momentum names have raced way ahead of where they should be,” Bapis told “Trading Nation” on Monday. “They’re all trading at super high P/Es.”

The MTUM ETF trades at a price-to-earnings ratio of 21 times forward earnings, higher than the 17 times multiple on the S&P 500.

“We think the momentum names are going to take a breather and there’s going to be a sector rotation into the fundamental value names that haven’t moved as much,” added Bapis.

Value stocks are prized for their low valuations relative to peers. The S&P 500 value ETF trades at a 14 times multiple.


Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: keris lahiff, daniel acker, bloomberg, getty images, frederic j brown, afp, patrick t fallon, norbert millauer, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, buy, trades, stocks, technician, hit, highs, trading, general, oppenheimer, bapis, momentum, think, sp, names, value, times


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