5 Hours Ago
CNBC Pro: Goldman Sachs names the winners and losers of an expected glut in EV battery parts
Goldman Sachs expects an oversupply in the global market of battery parts for electric vehicles to have major implications for four major companies.
Of those, the Wall Street bank predicts that one battery component maker’s stock will halve, while another’s will rise by 32% over the next 12 months.
The investment bank said cathodes, a part of a battery that attracts positive charge, are increasingly being seen as a commodity. This means that many companies are producing similar kinds of cathodes, which could lead to an overabundance. Such oversupply typically means companies must lower prices to stay competitive and potentially squeeze their profits.
CNBC Pro subscribers can read more here.
— Ganesh Rao
5 Hours Ago
CNBC Pro: Fundstrat’s Tom Lee names 3 trades investors should get into right now — and bitcoin’s one of them
Stocks are rallying, and investors may be wondering if there’s more upside ahead.
According to Tom Lee, managing partner of Fundstrat Global Advisors, the answer is yes for these three areas.
CNBC Pro subscribers can read more here.
— Weizhen Tan
2 Hours Ago
European markets: Here are the opening calls
European markets are heading for a positive open Wednesday.
The U.K.’s FTSE 100 index is expected to open 6 points higher at 7,570, Germany’s DAX 36 points higher at 16,142, France’s CAC 1 point higher at 7,293 and Italy’s FTSE MIB 59 points higher at 27,775, according to data from IG.
Data releases include the latest U.K. inflation figures and new car registration data for France, Germany and the U.K.
— Holly Ellyatt
