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Goldman Sachs has named a number of stocks that remain in the best position heading into the end of the year. Wall Street investment banks said a company like Nvidia is attractive and has more room to run. Other buyout-rated stocks reviewed by CNBC Pro include Dick’s Sporting Goods, Wynn Resorts, Monster Beverage, and Genius Sports. Wynn Goldman said the casino and resort company is firing on all cylinders. Analyst Lizzie Dove added the stock to her prestigious Conviction Buy list earlier this week. Dove said Wynn has good access to the most affluent travelers it attracts. “Wynn is exposed…
A wide range of stocks in retail, financial services and artificial intelligence could soon fall, according to one common indicator used in technical analysis. Stocks rose on Friday, marking a fourth consecutive day of gains and nearing record highs as the end of the year approaches. Last week, the S&P 500 rose 0.3%, the Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite Index rose 0.9%. The rally, ahead of the Federal Reserve’s expected quarter-point rate cut at its final meeting of the year next week, has pushed some blue-chip stocks to the point where they appear overbought. To…
Indigenous leaders waited Saturday on the snow-covered tarmac of Montreal’s Pierre Elliott Trudeau International Airport for precious cargo to be offloaded from an Air Canada jet. The box contained more than 60 valuable cultural artifacts, including a rare Inuit sealskin kayak. These kayaks were taken from First Nations, Inuit and Métis communities more than a century ago and have been housed in Vatican museums and archives ever since. The emotional homecoming, shown in footage from CNN affiliate CBC News, represents the culmination of a vigorous three-year campaign by Indigenous leaders and follows Pope Francis’ historic apology for abuses at church-run…
Google’s parent company Alphabet has become an unstoppable force in the artificial intelligence field, according to Pivotal Research Group. Analyst Jeffrey Brodarczak reiterated his Buy rating on Alphabet on Friday, citing continued momentum in the company’s core business areas and saying Google appears to be “winning everywhere” across the AI stack. Wrodarczak raised his price target from $350 to a street high of $400, suggesting the stock could rise nearly 26% from its recent close. The average analyst price target compiled by LSEG is $309.96, suggesting the stock may be overvalued after recent gains and a decline of more than…
Berkshire Hathaway’s Alphabet stock turned out to have surprisingly good timing, with its stock up 13% since Google announced its new AI model, Gemini 3, in mid-November. The conglomerate recently disclosed a $4.3 billion position in Alphabet in its latest 13F filing, making Google parent Berkshire’s 10th largest holding at the end of September. At the time, the move was notable in large part because Berkshire had long been reluctant to enter high-growth technology companies other than Apple. The timing of the purchase is attracting investors’ attention. Berkshire likely entered the position just weeks before Alphabet’s biggest AI release in…
Chinese internet companies don’t have enough computing to power their artificial intelligence ambitions. Also, they have no intention of acquiring Nvidia outright. Here are the key takeaways from the recent earnings season. Alibaba reported that cloud-related revenue reached the equivalent of $5.6 billion, up 34% year-on-year. Management said demand was outstripping supply and suggested it may need to spend more than the originally planned 380 billion yuan ($53.74 billion) to build out AI over the next three years. This marks a “turning point” for China’s domestic computing power industry, CITIC analysts said following Alibaba’s results. They predict that other cloud…
Thailand launched airstrikes against Cambodia on Monday, as a new wave of fighting erupts between the Southeast Asian neighbors and threatens to unravel a peace plan presided over by US President Donald Trump just two months ago. Both countries accused the other of launching attacks along their disputed border on Monday morning, after weeks of heightened tensions and Thailand’s earlier suspension of progress on a ceasefire agreement. Thai military officials said the airstrikes on Cambodian military positions were in retaliation for an attack earlier on Monday that killed one Thai soldier and injured two others. “The targets were the Cambodian…
As we enter the final stretch of 2025, we enter the second week of December, a historically strong market. Barring some disaster, the S&P 500 should be able to rise for the third year in a row. The index is up nearly 17% year-to-date. Further upside or pullback from here will depend on what happens this week. The last scheduled US Federal Reserve policy meeting of the year, scheduled for Tuesday and Wednesday, will be one of the big events to watch over the coming week. It is also likely to have the most significant impact. The other is gains…
The Netflix logo is pictured at the company’s offices on Vine in Los Angeles, California on December 5, 2025.Patrick T. Fallon | AFP | Getty Images “Who’s watching?” Netflix every time someone visits the site. On Friday, probably everyone interested in business, markets, and television gathered together. The main characters that made people fall in love with Netflix and warner bros discoverythe streaming giant jointly announced that it would acquire the latter’s movie studio and streaming service HBO Max. The value of the stock deal is pegged at $72 billion.Netflix investors didn’t seem too fazed by the deal, with the…
Morgan Stanley has left its bullish camp on Tesla, saying valuation concerns outweigh its optimistic outlook for the electric car maker amid massive demands that could move markets on Wall Street. Analyst Andrew Percoco downgraded Tesla stock from overweight to equal weight. Percoco raised its price target by $15 to $425, which still reflects about 6% downside from Friday’s closing price. “Tesla is the clear world leader in electric vehicles, manufacturing, renewable energy, and real-world AI, and therefore deserves a premium valuation,” Percoco wrote to customers in a Sunday memo, using the acronym for artificial intelligence. “However, high expectations for…