Nvidia will soar 21% to $1,000 as its new AI chip slams would-be rivals, Morgan Stanley says. It’s among 10 stocks set to surge

Fortune04-24

Morgan Stanley analysts have a few ideas for investors looking to pick winning stocks this earnings season. In a recent note, a team of analysts led by the investment bank’s executive director of ...

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It’s among 10 stocks set to surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 03:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nvidia-soar-21-1-000-190927258.html><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley analysts have a few ideas for investors looking to pick winning stocks this earnings season. In a recent note, a team of analysts led by the investment bank’s executive director of ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-soar-21-1-000-190927258.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0097036916.USD","symbol_name":"贝莱德美国增长A2 USD","start_time":0,"source_url":"https://finance.yahoo.com/news/nvidia-soar-21-1-000-190927258.html","article_id":"2429128827","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/e14U7SjIJUTtz1QBLDrY.A--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/a578788b27f7c2a1868e43b0c2595314"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429128827","pubTimestamp":1713899367,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Morgan Stanley analysts have a few ideas for investors looking to pick winning stocks this earnings season. In a recent note, a team of analysts led by the investment bank’s executive director of equity research, Michelle Weaver, highlighted 10 stocks with near-term catalysts from potentially strong earnings, new product releases, or other events that could spark a bull run in their shares.Although Wall Street’s consensus forecast for first-quarter S&P 500 earnings per share predicts average growth of just 2.7%, Weaver and her team expect a “sequential recovery” in earnings in the second quarter, followed by a second half “expansion.”Even after surging more than 200% in the past 12 months alone, Nvidia emerges as a potential big winner this earnings season, according to Morgan Stanley’s Joseph Moore. Moore has a buy-equivalent “overweight” rating on shares of Nvidia, and expects the stock to spike 21% to $1,000 over the next 12 months as it dominates its AI competition. “NVDA continues","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4579":"人工智能","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","BK4141":"半导体产品","LU0444971666.USD":"天利全球科技基金","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK4503":"景林资产持仓","LU0971096721.USD":"富达环球金融服务 A","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4551":"寇图资本持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","REIT":"ALPS Active REIT ETF","BK4587":"ChatGPT概念","BK4127":"投资银行业与经纪业","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","NVDA":"英伟达","BK4529":"IDC概念","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0056508442.USD":"贝莱德世界科技基金A2","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4567":"ESG概念","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","ABBV":"艾伯维公司","LU0109392836.USD":"富兰克林科技股A","BK4533":"AQR资本管理(全球第二大对冲基金)","SBAC":"SBA通信","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC"},"translate_title":"摩根士丹利（Morgan Stanley）表示，英伟达（Nvidia）将飙升21%，至1000美元，因为其新的人工智能芯片重创了潜在的竞争对手。它是将飙升的10只股票之一","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REIT":1,"SBAC":0.9,"ABBV":0.9,"NVDA":0.9},"content_text":"Morgan Stanley analysts have a few ideas for investors looking to pick winning stocks this earnings season. In a recent note, a team of analysts led by the investment bank’s executive director of equity research, Michelle Weaver, highlighted 10 stocks with near-term catalysts from potentially strong earnings, new product releases, or other events that could spark a bull run in their shares.\nAlthough Wall Street’s consensus forecast for first-quarter S&P 500 earnings per share predicts average growth of just 2.7%, Weaver and her team expect a “sequential recovery” in earnings in the second quarter, followed by a second half “expansion.”\n“We believe earnings growth is set for a healthier runway through 2024,” they wrote, adding that, although earnings estimates haven’t moved much over the past six months, “investor confidence in the achievability of those estimates has increased.”\nEven after surging more than 200% in the past 12 months alone, Nvidia emerges as a potential big winner this earnings season, according to Morgan Stanley’s Joseph Moore. Moore has a buy-equivalent “overweight” rating on shares of Nvidia, and expects the stock to spike 21% to $1,000 over the next 12 months as it dominates its AI competition. “NVDA continues to see strong spending trends in AI, with upward revisions in demand from some of the newer customers such as Tesla and various sovereigns,” he wrote.\nMoore noted that there has been some “near-term anxiety” surrounding Nvidia’s transition from its older H100 generation chips to next-generation models. With a lot riding on sales of the new “Blackwell” AI chip, some investors feared that there could be a “pause” in Nvidia’s revenue growth, but Moore said that his “checks show no such pause, as underlying demand is strong.”\nDespite rising competition from Intel, Huawei, Samsung, and others, Moore expects Nvidia to maintain its market share. “Blackwell generation pricing looks to make a strong competitive statement—reducing enthusiasm for competitive offerings,” he wrote. \nThat should allow the tech giant to beat consensus earnings estimates and report strong guidance for investors in May. “Investors ought to maintain outsized exposures to the generative AI theme, as compute demand remains strong and there are increasing signals pointing to a durable multiyear investment cycle,” Moore concluded.\nMorgan Stanley’s team of analysts went on to highlight nine more stocks with buy-equivalent “overweight” ratings and near-term drivers that “should drive a meaningful move in each stock” in their note. Here are their earnings season movers.\n9 more stocks with positive earnings catalysts\nAbbVie\nPharmaceutical giant AbbVie has underperformed the S&P 500 over the past year owing to concerns over rising competition for Humira, a drug used to treat arthritis and other inflammatory conditions. But Morgan Stanley noted that Humira represents less than 10% of AbbVie’s revenue and cited a few upcoming catalysts that could boost the company’s stock price. Analyst Terence Flynn highlighted the potential for AbbVie to report rising earnings per share figures on April 26, and for a new schizophrenia drug to show promising results in an upcoming clinical trial in the second half of 2024. “We believe that growth from ABBV’s ex-Humira business (primarily Skyrizi, Rinvoq, and aesthetics) is underappreciated and will drive the stock’s multiple,” he wrote.\nPrice Target: $196\n12-month Appreciation Potential: 15%\nAmazon\nMorgan Stanley tech analyst Brian Nowak expects Amazon to beat Wall Street’s earnings estimates by a “significant” margin in the first quarter. The company has been focused on efficiency and cost-cutting in its fulfillment and e-commerce businesses—using robotics, reducing shipping distances, and implementing a number of other strategies that are starting to pay benefits, according to Nowak. “We see room for continued cost improvements as AMZN has multiple operational levers to drive North America and [International] cost to serve per unit lower,” he wrote.\nPrice Target: $215\n12-month Appreciation Potential: 20%\nCorning\nThe materials science company Corning, which produces specialty glass and other materials for scientific applications, is another potential winner, according to Morgan Stanley analyst Meta Marshall. The company has suffered over the past few years given weak demand for many of its products, particularly display glass. But, according to Marshall, industrywide LCD-panel-maker utilization rates, which give a picture of industrywide LCD-panel production, have outperformed the “bearish assumptions” of many. That means Corning has more potential screens for its glass sales than analysts previously anticipated.\n“We remain [overweight] Corning as we view it as a name well-positioned to participate in many mega-trends over the coming years, and where recessionary demand conditions are already well built into the price,” she wrote.\nPrice Target: $3512-month Appreciation Potential: 10%\nLazard\nThe financial-services giant Lazard should “deliver strong profitability” over the next few years, owing in large part to an M&A rebound, noted Morgan Stanley’s Ryan Kenny. Lazard made 59% of its revenues from advising on strategic M&A transactions between 2018 and 2022, according to Kenny. On top of that, the analyst said, there’s a key catalyst that could drive share prices higher in the near to medium term. “Lazard’s recent C-Corp conversion, completed in January 2024, should drive a multiple re-rating over time as newly eligible investors increase exposure to the stock,” he explained.\nPrice Target: $5812-month Appreciation Potential: 46%\nLifeStance Health Group\nLifeStance Health Group, which offers online psychiatry and therapy services, beat all of Wall Street’s earnings estimates in the fourth quarter, but the stock has fallen 10% since. Morgan Stanley’s Craig Hettenbach believes that’s a mistake, and investors are “overlooking solid fundamentals and improving execution.” The analyst predicts another strong showing in LifeStance’s first-quarter earnings report in mid-May, which, he says, will serve as a catalyst for share prices, along with rising population-wide demand for mental health services.\nPrice Target: $1012-month Appreciation Potential: 67%\nPaccar\nPaccar, which sells commercial trucks through well-known subsidiaries like Peterbilt and Kenworth, has soared more than 50% over the past 12 months amid stronger than forecast demand for commercial vehicles. Morgan Stanley’s Angel Castillo expects that run of performance to continue, even as truck sales decline slightly, owing to rising tractor orders. The analyst said he also believes the ongoing “commercial vehicle upcycle is only beginning.” He went on to highlight Paccar’s April 30 earnings, as well as the release of its preliminary truck order data on May 2, as potential positive catalysts for the stock.\nPrice Target: $14712-month Appreciation Potential: 30%\nS&P Global\nThe financial information, ratings, and analysis giant S&P Global will beat Wall Street’s estimates when it reports earnings on April 25, the result of “strong credit capital markets activity in the quarter and higher equity prices,” according to Morgan Stanley’s Toni Kaplan. The analyst pointed to the earnings report as a potential catalyst for further stock price appreciation, forecasting 55% year-over-year revenue growth in S&P Global’s transactional ratings business, compared with consensus estimates of just 34%.\n“We view SPGI as a leading information services provider with a unique position among peers to expand in high-growth areas,” Kaplan wrote, highlighting the potential for “greater synergies” from its recent merger with fellow data provider IHS Markit. \nPrice Target: $50012-month Appreciation Potential: 20%\nSBA Communications\nSBA Communications, a real estate investment trust (REIT) that owns and operates wireless communications infrastructure, is set to benefit from strong earnings on April 29 after providing “conservative” guidance to investors, according to Morgan Stanley’s Simon Flannery. The analysts said that SBA Communications is still benefiting from the 5G investment cycle, noting that only 50% of 5G tower sites have been upgraded with the more modern mid-band 5G tech.\nFlannery highlighted the extension of SBA Communications’ buyback program, potential M&A activity, and interest rate cuts, as well as the defensive nature of communications infrastructure stocks, as positive catalysts for its stock moving forward. “Fundamentals for SBA remain strong, backed by secular tailwinds from growth in U.S. mobile data at ~18% annually over the next six years,” he added.\nPrice Target: $24312-month Appreciation Potential: 22%\nSeagate Technology\nThe data storage company Seagate Technology should beat Wall Street’s earnings forecasts when it reports earnings April 23, according to Morgan Stanley’s Erik Woodring. The analyst noted that  intra-quarter “checks” on Seagate showed rising hard drive disk production. “After a nearly two-year downcycle, it’s become clearer that the [hard drive disk] market is entering a gradual cyclical recovery, and moving into a period of AI-driven storage demand growth,” he wrote. \nPrice Target: $11512-month Appreciation Potential: 31%\nThis story was originally featured on Fortune.com","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429128827"}