US stocks rise ahead of more mega-cap tech earnings

Citi's Take on Apple (AAPL) and Hon Hai Jan Revenue Implications

Citi analyst Atif Malik reiterated a Buy rating and $225.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Hon Hai, ~ 50% Apple sales exposure, reported Jan revenue before the market open with +13% M/M (above 3-year seasonal average of -21%)... More

The fate of the 'Magnificent 7' depends on rapid revenue growth in 2024 - Goldman Sachs

According to Goldman Sachs chief U.S. equity strategist David Kostin, the fate of the "Magnificent 7" stocks depends on their ability to deliver rapid revenue growth in 2024.

The Magnificent 7 stocks are Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), Meta Platforms... More

7 Themes to watch in 2024

Goldman Sachs recently released its January update, presenting the "Top Themes" that their analysts believe investors should watch in 2024. Alongside this, the equity research firm made notable changes to its Conviction List, adding Parker Hannifan (NYSE: PH) and Textron (NYSE: TXT) while removing Bath & Body Works (NYSE: BBWI), Boeing (NYSE: BA), Shift4 Payments (NYSE: FOUR), and AIG (NYSE: AIG).

The Conviction List is Goldman Sachs' strategic approach to identifying... More

These IT hardware and equipment stocks should benefit from AI in 2024

Goldman Sachs believes that for IT hardware and equipment stocks in 2024, the AI beneficiaries should continue to outperform.

Analyst Michael Ng said the investment bank is "bullish on hardware AI beneficiaries entering 2024 as evidence of AI tailwinds become more evident for OEM server suppliers and hyperscaler Ethernet switch suppliers."

He highlighted six buy-rated names they see as a buy:

Arista Networks (NYSE: ANET):... More

Buy any undue correction in quality AI leaders says UBS

The investment case for artificial intelligence is still intact, according to analysts at UBS on Friday, with the bank saying that companies with a clear AI roadmap are benefiting from secular tailwinds.

"We believe the investment case on tech, including AI, remains intact and recommend investors use any undue correction in quality AI leaders as a buying opportunity," wrote the... More