CNBC Pro: Fund manager says a ‘turning point’ for Big Tech is near. Here’s what he’s watching
A fund manager has said that a “super week for a potential turning point” in the Nasdaq Composite could be on the horizon.
The tech-heavy Nasdaq has declined by 26.2% this year as the Federal Reserve increased borrowing costs in an effort to bring inflation under control.
Julian Howard, multi-asset investment director at GAM, told CNBC what catalyst to look out for and when it might be a good time for tech investors to re-enter the market.
CNBC Pro subscribers can read more here.
— Ganesh Rao
CNBC Pro: Analysts think these November winners can rally further — and give 2 more than 160% upside
These global stocks had a winning November, outperforming the MSCI World index.
CNBC Pro screened FactSet for stocks that not only did well last month, but could still see more upside ahead.
Pro subscribers can read more here.
— Zavier Ong
CNBC Pro: Morgan Stanley turns bullish on China stocks, giving them serious upside potential
Morgan Stanley has turned bullish on China stocks for the first time in nearly two years as the country embarks on a “clear path set towards reopening.”
“We see a steep climb from here following the extreme underperformance of the last two years,” the bank said, although it cautioned the path to recovery “will be bumpy.”
Morgan Stanley highlighted a list of names that it said will benefit from the easing in China, including two it gave around 130% upside.
CNBC Pro subscribers can read more here.
— Weizhen Tan
European markets: Here are the opening calls
European markets are heading for a lower open on Tuesday with global sentiment generally downbeat this week.
The U.K.’s FTSE index is expected to open 7 points lower at 7,549, Germany’s DAX 24 points lower at 14,423, France’s CAC down 18 points at 6,678 and Italy’s FTSE MIB down 47 points at 24,574, according to data from IG.
Data releases include Germany’s industrial orders for October. There are no major earnings.
— Holly Ellyatt
Read More:European markets, stocks, news, data and earnings
2022-12-06 05:38:00