7 hours ago
CNBC Pro: Goldman Sachs likes these two mobile gaming stocks with ‘blockbuster’ launches, giving one 40% upside potential
Investors seeking exposure to China’s growing gaming industry should focus on two technologies in particular, according to Goldman Sachs.
The investment bank predicts that “growth in China will accelerate from mid-2024, supported by game launches and a relaxed regulatory environment.”
Touching on corporate opportunities, the Wall Street bank hinted at opportunities in the second quarter of 2023, including “a quarter fueled by the launch of blockbuster titles.”
CNBC Pro subscribers can read more here.
— Amara Balakrishna
7 hours ago
CNBC Pro: Should investors buy on Lululemon’s push?Here’s what the fund manager said:
Shares of the popular athleisure brand Lululemon have plummeted this year, leaving it far behind the S&P 500.
The company’s stock, which was included in Wall Street indexes only last October, has fallen about 28% since the beginning of the year.
Is that a good deal for investors right now? Jack Dwyer, CEO of Infusive Asset Management, also weighed in.
CNBC Pro subscribers can read more here.
— Tan Weizhen
1 hour ago
European Market: Click here for opening call
European markets are set to recover from losses in Friday’s trading and open in positive territory.
According to IG data, the UK’s FTSE 100 index rose 50 points to 8,124, Germany’s DAX rose 62 points to 17,980, France’s CAC rose 38 points to 8,049 and Italy’s FTSE MIB rose 185 points. It is expected to start at 33,857.
Corporate releases will come from L’Oreal, TotalEnergies and NatWest. The data release includes household loans in Sweden and retail sales in Spain.
— Karen Gilchrist
