logo
Goldman Sachs Sticks to Its Buy Rating for Nine Entertainment Co. Holdings Limited (NEC)

Goldman Sachs Sticks to Its Buy Rating for Nine Entertainment Co. Holdings Limited (NEC)

In a report released on May 7, Kane Hannan from Goldman Sachs maintained a Buy rating on Nine Entertainment Co. Holdings Limited (NEC – Research Report), with a price target of A$1.75. The company's shares closed last Friday at A$1.58.
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Hannan covers the Technology sector, focusing on stocks such as Wisetech Global, Nextdc Limited, and Xero Limited. According to TipRanks, Hannan has an average return of 9.2% and a 60.89% success rate on recommended stocks.
Nine Entertainment Co. Holdings Limited has an analyst consensus of Strong Buy, with a price target consensus of A$1.82.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bank of America analyst really loves this Wall Street stock, sees it rallying to $700
Bank of America analyst really loves this Wall Street stock, sees it rallying to $700

CNBC

timean hour ago

  • CNBC

Bank of America analyst really loves this Wall Street stock, sees it rallying to $700

Goldman Sachs has "proven DNA to adapt to an ever-changing world," according to Bank of America. The firm reiterated a buy rating on the investment bank on Wednesday, alongside a $700 per share price target, which represents 12% upside from Wednesday's $624.17 close. Analyst Ebrahim Poonawala said Goldman has a storied history of navigating turbulent periods. He cited the Paul Volcker-led Federal Reserve era and the 2008 financial crisis as examples, saying these times demonstrated "a strong combination of scale and flexibility." Poonawala said he expects continued strength in Goldman's trading revenue, which was a highlight of the company's most recent quarterly report . "A sea change in the macro backdrop (interest rates, geopolitics) vs. post-GFC [Great Financial Crisis] years combined with a strategy that is focused on deepening client relationships (via financing) has increased the resiliency of trading revenues," Poonawala said. "Despite the inherent unpredictability, trading revenues have grown in six out of the last seven years after bottoming in 2017 (coinciding with a shift in Fed policy)." GS YTD mountain Goldman Sachs stock in 2025. The private credit space is another potential opportunity for further growth, the analyst said. He expects Goldman is relatively well positioned to handle any potential volatility in the sector. "Goldman's presence in the private credit space dating back to the mid-90s, history of strong risk management (superior client selection) should reduce the risk from any potential credit volatility in this space," the analyst said. Shares have added 9% in 2025, and have gained about 4% in June.

3 Top-Ranked Goldman Sachs Mutual Funds for Dependable Returns
3 Top-Ranked Goldman Sachs Mutual Funds for Dependable Returns

Yahoo

time2 hours ago

  • Yahoo

3 Top-Ranked Goldman Sachs Mutual Funds for Dependable Returns

Goldman Sachs Asset Management (GSAM) is a world-renowned company that has been providing investment management, portfolio design and advisory services to individual and institutional investors worldwide since 1988. Its strategies span asset classes, industries and geographies. As of December 31, 2024, GSAM had $2.9 trillion in assets under supervision worldwide. The fund has more than 1,700 professionals across 31 offices across the globe. The company has a team of more than 800 investment professionals who capitalize on Goldman Sachs' technology, risk-management skills and market insights. It offers investment solutions, including fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate through proprietary strategies, partnerships and open architecture programs. Below, we share with you three top-ranked Goldman Sachs mutual funds, viz. Goldman Sachs Energy Infrastructure Fund GAMPX, Goldman Sachs Technology Opportunities Fund GSJPX and Goldman Sachs Large Cap Growth Insights Fund GLCTX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Goldman Sachs mutual funds. Goldman Sachs Energy Infrastructure Fund invests most of its assets, along with borrowings, if any, in domestic and foreign energy infrastructure issues. GAMPX advisors generally invest in equity or fixed-income securities. Goldman Sachs Energy Infrastructure Fund has three-year annualized returns of 18.3%. As of the end of November 2024, GAMPX held 30 issues, with 8.7% of its assets invested in Energy Transfer. Goldman Sachs Technology Opportunities Fund invests most of its assets, along with borrowings, if any, in equity securities of domestic and foreign technology companies. GSJPX advisors generally invest in issues that they believe will benefit from the proliferation of technology. Goldman Sachs Technology Opportunities Fund has three-year annualized returns of 15.5%. GSJPX has an expense ratio of 0.9%. Goldman Sachs Large Cap Growth Insights Fund invests most of its assets, along with borrowings, if any, in a broadly diversified portfolio of large-cap domestic and foreign equity securities that are traded in the United States. GLCTX advisors may also invest in fixed-income securities. Goldman Sachs Large Cap Growth Insights Fund has three-year annualized returns of 13.6%. Dennis Walsh has been one of the fund managers of GLCTX since March 2013. To view the Zacks Rank and the past performance of all Goldman Sachs mutual funds, investors can click here to see the complete list of Goldman Sachs mutual funds. Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> View All Zacks #1 Ranked Mutual Funds Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (GLCTX): Fund Analysis Report Get Your Free (GSJPX): Fund Analysis Report Get Your Free (GAMPX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

U.S. debt-limit deadlock is making this favorite asset more scarce
U.S. debt-limit deadlock is making this favorite asset more scarce

Yahoo

time2 hours ago

  • Yahoo

U.S. debt-limit deadlock is making this favorite asset more scarce

The booming money-market-fund industry could soon face a shortage of its favorite assets to buy. The supply of Treasury bills, a kind of short-term debt used to fund the federal government, has been shrinking since January, when the U.S. hit its $36.1 trillion debt limit. I'm in my 80s and have 2 kids. How do I choose between them to be my executor? My friend, 83, wants to add me to his bank account to pay his bills. What could go wrong? Why Goldman Sachs says high-flying tech stocks may be headed for a tough stretch Gundlach says gold is no longer for lunatics as the bond king says wait to buy the 30-year 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell? That matters because investors poured more than $7 trillion into U.S. money-market funds. The industry ranks as the second-largest group of investors in the $6 trillion T-bill sector, behind the category of households and others. T-bills are considered a cash equivalent because they tend to be liquid and mature in a year or less. But as the supply dwindles, competition for fewer assets increases, which can lead to shrinking yields. 'Cutbacks so far have been manageable,' Deborah Cunningham, chief investment officer for global liquidity markets at Federated Hermes, told MarketWatch. Yet she expects it to become more problematic the longer the debt-ceiling issue drags out. After the U.S. debt limit was reached in January, the Treasury began running down the supply of outstanding bills. Barclays analysts estimate the sector shrunk by $375 billion through May. See: Trump's Treasury is running out of money fast. Why the 'X date' matters for markets. The yield on the 3-month Treasury bill BX:TMUBMUSD03M was at 4.35% on Wednesday, down from closer to 5.4% a year ago, according to FactSet data. The drop in yield largely traced the series of Federal Reserve rate cuts last year. While the bond market has been hyperfocused on the U.S. deficit, House Republicans passed a massive tax and spending bill in May that would add $4 trillion to the nation's debt limit, providing the U.S. more runway to borrow. The plan would add $2.4 trillion to the U.S. deficit over the next decade, with another $551 billion in debt-servicing costs over that time frame, according to the Congressional Budget Office. The Senate now must weigh in on the bill. As those negotiations continue, the supply of T-bills will keep shrinking and the U.S. will draw closer to its 'X date,' the estimated point at which the Treasury will have exhausted all its emergency cash-management strategies and won't be able to pay all of its bills on time. Some estimates put the X date around mid-August, but it has been a moving target based on tax receipts, tariffs and other factors. To offset dwindling T-bill supply, some money-market funds also can invest in somewhat longer-duration Treasury securities, repurchase agreements and other government-related assets. 'That opens up a much broader group of assets,' Cunningham said of many funds. A much smaller subset of funds were designed to only invest in short-term T-bills. With the major U.S. stock indexes SPX DJIA COMP back near record territory, many investors have been reluctant to move out of money-market funds and other cashlike havens. U.S. money-market funds hit a record $7.4 trillion in assets in the first week of June, according to Peter Crane, president and CEO of Crane Data. While weekly flows were expected to come under pressure around the June 15 tax-payment deadline, he said that could help offset some of the supply and demand issues in T-bills. 'You are not seeing the gigantic inflows of two years ago,' Crane added. 'But you will see inflows in the second half. That could become an issue then.' Ideally, the debt-ceiling issue would be resolved by then, unleashing the start of what Barclays analysts think could be a $1.4 trillion to $2 trillion deluge of new bill issuance through the end of 2026. Treasury Secretary Scott Bessent was expected to follow the recent trend and keep U.S. borrowing needs focused in shorter-term bill issuance. 'That will be a great thing. Right now, rates are lower than they should be in the Treasury market because of the cutback in supply,' Cunningham said. 'When the debt ceiling is finalized and bill supply resumes, that's a positive from a money-market-fund industry standpoint.' Fund manager who sold Tesla, just in time, says investors are overlooking these tech bargains My life partner is 18 years my senior. He wants to leave his $4.5 million fortune to me — not his two kids. Do we tell them? 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? The S&P 500 is nearly back to record highs, but investors shouldn't get too comfortable Value investing is finally excelling again in 2025 — but there is one catch for Americans Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store