6 Hours Ago
CNBC Pro: Morgan Stanley says 4 cybersecurity giants will benefit from a $30 billion A.I. trend
Morgan Stanley has named four cybersecurity stocks expected to benefit from the increasing use of artificial intelligence.
The bank expects these four tech giants to help cut down on cybersecurity costs at companies by levering A.I. and potentially profit from the $100 billion in total savings expected.
CNBC Pro subscribers can read more here.
— Ganesh Rao
6 Hours Ago
CNBC Pro: These global and U.S. stocks are set to soar further after a strong first half, analysts say
U.S. and global stocks rallied in the first half of this year, and analysts expect some to continue to soar over the rest of 2023 and beyond.
CNBC Pro screened for U.S. and global stocks that are among the top performers over the year to date — up over 15% — with an average analyst price target that implies upside of at least 30% over the next 12 months. All of the stocks have a buy rating from at least 60% of analysts covering them.
CNBC Pro subscribers can read more here.
— Weizhen Tan
14 Hours Ago
Stocks should have a hot July, history shows
If history is a guide, equities should continue to move higher in July. The month as been the best one of the year since 2009 for both the S&P 500 and Nasdaq and the second best month for the Dow Jones Industrial Average.
The S&P has a monthly average gain for July of 3.29% since 2009, while the Nasdaq has rallied an average 4.10%. The Dow’s average monthly gain of 2.76% for the month is only slightly lower than the 2.89% it gained in November, the blue chip index’s best month of the year since 2009.
None of the indexes has had a decline for the month of July since 2014.
— Robert Hum, Michelle Fox
