S&P 500’s Bull Market Rally Leaves Goldman, Morgan Stanley Split on Way Forward

Ron Nersesian has an approval rating of 97% among the company’s employees. This puts Ron Nersesian in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.

• South Korea’s import and export prices for May will be out on Wednesday alongside its unemployment rate.
• Germany’s DAX and France’s CAC 40 were both 0.8% higher as investors await the European Central Bank’s monetary policy meeting Thursday, while the U.K.’s commodity-heavy FTSE 100 was up 0.15%.
• At this current price, shareholders may be asking a different question – should I sell?
• “If it goes up I’ll short some more,” Miller said in the video, where he also said the EV behemoth “is now losing market share.”
• The company was founded in 2014 and is headquartered in Santa Rosa, CA.

Household goods led gains with a 1% uptick, as mining and oil and gas shares both traded around 0.8% lower. “Driven by architectural cost advantages, intelligent partnerships, and an early mover advantage in GenAI, we see OCI doubling market share (2% to 5%) by CY25,” said Zukin. “With the S&P 500 rally now crossing the 20% threshold, more are declaring the bear market officially over,” he said in a note to clients Monday. “We respectfully disagree due to our 2023 earnings forecast. Ironically, a Fed pause may awaken the bear tactically just as liquidity headwinds ramp up.”

Keysight Technologies (NYSE: KEYS)

It will have been an expensive trade if he stuck to his word. At the time he claimed Tesla is “not worth $380 billion.” In fact, its current market cap has now shot up to $778 billion. “If it goes up I’ll short some more,” Miller said in the video, where he also said the EV behemoth “is now losing market share.” Monday’s gains came after the S&P 500 entered a bull market last week and closed at its highest level since August 2022 while the Nasdaq continued a streak of seven-straight winning weeks. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.

China reports its foreign direct investment for the month of May. New Zealand is scheduled to release its first quarter current account print. It seems like the market has well and truly priced in KEYS’s positive outlook, with shares trading above its fair value. At this current price, shareholders may be asking a different question – should I sell?

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To see all exchange delays and terms of use please see Barchart’s disclaimer. Keysight Technologies’ stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.78%), State Street Corp (4.42%), JPMorgan Chase & Co. (2.39%), Envestnet Asset Management Inc. (2.21%), Mackenzie Financial Corp (2.09%) and Geode Capital Management LLC (2.07%). 364 employees have rated Keysight Technologies Chief Executive Officer Ron Nersesian on Glassdoor.com.

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Keysight Technologies’ earnings over the next few years are https://forexarticles.net/fundamentals-of-gann-3-2/ expected to increase by 33%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. The analyst hiked her price target to Adidas’ U.S.-listed shares to $112.32 per share from $91.63.

Piper Sandler highlights its top technology stocks

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China-Exposed Stocks Have Rallied, but Bargains Still Exist, Says Analyst

However, market expectations are that Fed officials will emphasize a commitment to keep inflation at bay and come back with a final rate increase at July’s meeting before going on hold for the rest of the year. “We don’t necessarily believe that there’s no more hikes in the cards, but we do think it’s a 50/50 chance of another hike happening in this cycle,” Kremer said. “All else equal, [the CPI report] could be a short-term tailwind as markets continue to grind higher.” Please follow Michael Larkin on Twitter at @IBD_MLarkin for more analysis of growth stocks. EPS is expected to rise 3% to $1.58 a share, according to Zacks Investment Research. This would be on the back of 18% revenue growth for three straight quarters.

In turn, slowing deposits could hamper bank stocks’ recent recovery. “A re-acceleration of deposit outflows would end the current intra-quarter bank stock bounce,” Graseck added. The bank’s fixed income team is calling for $1.364 trillion of net T-bill issuance over the rest of 2023, with $1 trillion of that amount issued over the next four months. “Our fixed income team sees most of this initial [Treasury General Account] restocking to come from bank reserves, suggesting ~$450b of gross outflows over the next four months,” wrote analyst Betsy Graseck in a Monday note. Cruise stocks rose across the board on Monday after JPMorgan Chase upgraded Carnival to an overweight rating as cruising momentum grows. Before that, consumer price index data due Tuesday will also be watched given its connection to inflation.

If you believe KEYS should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Keysight Technologies saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,660,000 shares, a decline of 15.1% from the April 30th total of 4,310,000 shares.

• The S&P 500 last week reached a significant milestone, gaining more than 20% off its October low.
• On Monday, Japan’s producer price index and China’s new yuan loans are scheduled to be released.
• The price has surpassed its true value, which means there’s no upside from mispricing.

However, the sources also told Reuters that an upgrade in its inflation view, should it happen, is “unlikely to automatically trigger an interest rate hike.” Yi, in a speech delivered in Shanghai last week, said that recent soft inflation prints reflect a delayed rise in demand levels and that he expects the consumer price index to pick up gradually in the second half of the year. Despite recent execution blunders that have sent SentinelOne shares plunging by more than 35% over the past 12 months, Morgan Stanley thinks the market is now mispricing the cybersecurity company. “Our entire call is based on increased confidence and conviction that [Oracle Cloud Infrastructure] will become the engine that accelerates top- and bottom-line growth for the company over the next three years,” Zukin wrote in a Sunday note. Traders are hoping that the Federal Reserve will decide to skip a rate hike in June, with the forthcoming consumer price index report expected support the decision. Excitement around artificial intelligence has lifted popular technology stocks this year, while also heightening some fears that AI may be the next bubble to pop.