6 Hours Ago
CNBC Pro: Goldman says these global stocks will soar on an $857.5 billion electrification boom – gives one 45% upside
Demand for power and data centers has been taking the world by storm, and its not just the U.S. tech giants that are set to benefit, according to Goldman Sachs.
Europe is set see a pick up in demand and electricity consumption by as much as 50% in the next 10 years – reversing the slump it has been facing since 2008, the investment bank’s analysts noted.
The massive growth translates to an investment of nearly 800 euros ($857.5 billion) in Europe’s power transmission and distribution network, they added, naming stocks with over 30% upside potential on their radar.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
6 Hours Ago
CNBC Pro: Goldman names global stocks with the highest sustainable dividends, giving one 10% yield
European companies are more cash-rich than they’ve been in recent history.
Companies in the Stoxx 600 index have nearly 1.5 trillion euros ($1.6 trillion) in cash on their balance sheets — that’s 25% higher than pre-pandemic levels, according to Goldman Sachs.
And the dividend yield differential between Europe and the U.S. is the narrowest it’s ever been, making Europe more appealing, according to Goldman Sachs. “In other words, Europe has rarely looked cheaper on an absolute and relative basis,” it said.
CNBC Pro takes a look at some stocks that turned up on Goldman’s screen of high dividend yield names. They are companies in the Stoxx Europe 600 with the highest 12-month forward dividend yields in each sector.
Subscribers can read more here.
— Weizhen Tan
7 Hours Ago
Apple, Expedia, Amgen among stocks making biggest moves in extended trading
Check out the companies making headlines in after-hours trading:
- Apple — The iPhone maker advanced 7% as it announced a $110 billion share repurchase and a top- and bottom-line beat. Apple’s fiscal second-quarter earnings came in at $1.53 per share, while revenue was $90.75 billion. That surpassed analysts’ estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG.
- Expedia — The online travel company dropped roughly 8% in after-hours trading. Expedia lowered its full-year guidance to a range of mid to high single-digit top-line growth, citing slowness in Vrbo and the rate of acceleration in business-to-consumer so far. Expedia posted a beat on first-quarter revenue, which came in at $2.89 billion, surpassing analysts’ estimates of $2.81 billion, per LSEG.
- Amgen — The biotech company surged 11%. Amgen posted adjusted earnings of $3.96 per share on revenue of $7.45 billion in the first quarter. Analysts polled by LSEG anticipated earnings of $3.87 per share and revenue of $7.44 billion. The company also said it would move its injectable obesity drug into a phase 3 trial, but it will no longer pursue an experimental weight loss pill it had in development.
For the full list, read here.
— Pia Singh
7 Hours Ago
Stock futures open higher on Thursday
Source: Stock futures rise after Apple reports, traders brace for April payrolls data: Live
