Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual … Read more
Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019. James MacDonald | Bloomberg | Getty Images Analysts on Wall Street believe a “hidden” investment opportunity in the energy sector could be instrumental as the world attempts to transition away from … Read more
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters Goldman Sachs has an investor playbook for when the U.S. economy hits peak economic growth from the reopening later this quarter, advising clients to rotate from domestic plays into stocks more … Read more
Peter Cade | Stone | Getty Images Solar companies begin reporting first quarter results next week, and Wall Street analysts say the recent pullback in the sector allows investors to get in on the cheap. “The bar is low (for a change); expect beats in [residential],” Goldman Sachs said in a research note, adding that … Read more
Thana Prasongsin | Moment | Getty Images Analysts at Goldman Sachs have recommended a wide range of stocks set to beat the market as it forecast strong global growth for the rest of the year. It produced several lists of global stocks, including those set to benefit from the reopening of economies post-pandemic, big dividend … Read more
An aerial image of Beijing, China DuKai photographer | Moment | Getty Images Analysts at Goldman Sachs have picked a number of fast-growing Chinese brands that it says younger consumers are ready to pay a premium for. The bank put together a list of its “hottest” stocks to watch and recommended buying both established and … Read more
Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear … Read more
Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer, far outgaining the market. Cramer, himself an alum of Goldman Sachs‘ investment shop, said their … Read more
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report first-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $10.22 per share, 229% higher than a year earlier, according to RefinitivRevenue: $12.6 billion, … Read more
A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Feb. 11, 2021. Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Sunday evening, suggesting Wall Street could see muted trading on Monday … Read more