Three new stocks have made it onto Goldman Sachs ‘ coveted conviction list. The Wall Street firm has a “directors’ cut” conviction list consisting of 20 to 25 stocks of what it believes to be its most differentiated fundamental buy ideas across its coverage universe in the U.S. Baxter Goldman added health care name Baxter to the list, seeing a turnaround in the stock after a long period of underperformance. Analyst David Roman said the stock typically beats the market when the company focuses on optimizing the profits of its existing industrial healthcare footprint rather than looking to expand, and…
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10 things to watch Monday, March 3 — Today’s newsletter was written by Jeff Marks, director of portfolio analysis. 1. Stocks are poised for a higher to start March following a strong oversold rally in Friday’s session. Wall Street is continuing to watch the latest trade headlines, with President Donald Trump’s tariffs on Mexican and Canadian imports set to go into effect tomorrow. 2. Bitcoin and other cryptocurrencies surging after Trump announced a U.S. strategic crypto reserve . The announcement is receiving some pushback for not solely being a bitcoin fund. Trump said it also will include XRP and ether,…
President Donald Trump is expected to announce a $100 billion investment from Taiwan Semiconductor Manufacturing to bolster chip manufacturing over the next four years in the U.S, NBC has learned.The Wall Street Journal first reported the news.TSMC, which supplies semiconductors to the likes of Nvidia and Apple for artificial intelligence use, would help support the Trump administration’s efforts to make the U.S. an artificial intelligence hub. Last month, Trump announced a multibillion-dollar AI infrastructure project with Oracle, OpenAI and Softbank.Trump has repeatedly called out and accused Taiwan of stealing the U.S. chip manufacturing business and touted tariffs on semiconductor imports.…
Welcome back to the Monday Tennis Briefing, where The Athletic will explain the stories behind the stories from the past week on court.This week, illness decimated the Mexican Open in Acapulco. Elsewhere, Stefanos Tsitsipas’ new racket gave him a boost and a court surface change provoked a ruckus.If you’d like to follow our fantastic tennis coverage, click here.What a new court means for tennis in the desertTennis court conditions are complicated: they will feel faster or slower for different players and playstyles, and atmospheric conditions and balls can make the same court play very differently. One thing not in dispute is…
Pope Francis had two acute respiratory crises on Monday, the Vatican said, stoking further concerns about the health of the 88-year old pontiff, who has been hospitalized in Rome in serious condition for more than two weeks.The pope has been undergoing treatment for double pneumonia and a complex infection in a Rome hospital, and his condition has been alternating between improvements and setbacks. On Friday, Francis suffered another bronchial spasm that caused him to inhale his vomit after a coughing fit.The Vatican said that Monday’s episodes were caused by a significant accumulation of mucus in his bronchial tubes as a…
The insurance industry group is off to a strong start to 2025, with the KBW Insurance index (referred to as the ‘KIX’) having a year-to-date total return of nearly 10%. This is 8.61% higher than the S & P 500 Index . Intermediate-term momentum is weak for the S & P, and at the same time many insurers have positive technical catalysts on their charts, which differentiates them positively. Outperformance from insurers is likely here to stay in 2025 per the ratio of KIX to the S & P 500, which has a relative breakout confirming an inverse head and…
Check out the companies making headlines in midday trading. Intel – Shares rose more than 2% after Reuters, citing two sources familiar with the matter, reported that chipmakers Nvidia and Broadcom are running manufacturing tests with Intel . The tests signal that both companies are heading closer toward committing hundreds of millions of dollars’ worth of manufacturing contracts to Intel, Reuters said. Chinese automakers – U.S. shares of Chinese electric vehicle brands fell on the heels of their latest deliveries reports . Shares of Xpeng slid more than 4%, and Nio dropped more than 5%, while Li Auto plunged more…
Oppo is the sixth-largest smartphone maker in China, according to Counterpoint Research.Nurphoto | Nurphoto | Getty ImagesBARCELONA — Chinese smartphone firm Oppo is taking a page out of Apple’s playbook with the launch of a private cloud computing system to keep users’ sensitive conversations separate from its own artificial intelligence products.The company on Monday announced a deal with Google that will see it use the U.S. tech firm’s Confidential Computing software, which uses encryption to ensure user data can’t be viewed by third parties, to power a new privacy-preserving solution it’s calling Private Computing Cloud.The idea is to make sure…
(Correction: An earlier version of this article included an incorrect order on our All-America teams. Paige Bueckers is a member of The Athletic’s All-America first team, and Ta’Niya Latson is a second-team All-America selection.)With the regular season in the rearview, The Athletic’s team of dedicated writers and contributors got together to take stock of everything they’ve witnessed since November and made some tough decisions about the best of the best in an impressive year of hoops. Some of their preseason predictions came true as four preseason All-America members were also on the season-end first-team.But two big surprises they didn’t see…
Jaque Silva | Nurphoto | Getty ImagesAnthropic on Monday closed its latest funding round at a $61.5 billion post-money valuation, the company confirmed to CNBC. The $3.5 billion round was led by Lightspeed Venture Partners, and other investors included Salesforce Ventures, Cisco Investments, Fidelity Management & Research Company, General Catalyst, D1 Capital Partners and Jane Street, among others. Anthropic, the artificial intelligence startup backed heavily by Amazon, was founded by former OpenAI research executives. It launched Claude in March 2023, and like OpenAI’s ChatGPT and Google’s Gemini, Claude has exploded in popularity as businesses incorporate generative AI chatbots across sales, marketing…
