Latest news with #BestIdeas
Yahoo
14-05-2025
- Business
- Yahoo
Alphabet Inc. (GOOGL) Removed From Best Ideas List by Investment Bank
Investment bank Wedbush recently removed Alphabet Inc. (GOOGL) from its Best Ideas List. According to the investment bank, worries about the increased competition that GOOG/GOOGL is facing from AI have made the shares more volatile. More About Wedbush's Views on Alphabet Inc. (GOOGL) Increased utilization of AI chatbots has made the outlook of Alphabet's search business more uncertain, Wedbush believes. And while Alphabet Inc. (GOOGL) can adapt to the challenge over the longer term, the Street may have its doubts about the firm's outlook for some time, the investment bank warned. As a result, Wedbush thinks that the shares could fall below their fair value level of $220, Wedbush believes. The Silver Lining Wedbush believes that the long-term outlook of GOOGL stock remains positive. Also importantly, although an Apple (AAPL) executive recently reported that the number of Google searches had dropped on Apple's Safari browser in April, Alphabet stated that the total number of Google searches continues to rise. The Recent Price Action of GOOG Stock In the last month, the shares are little changed, while they have sunk 15% in the last three months. While we acknowledge the potential of GOOG, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GOOG but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-04-2025
- Automotive
- Yahoo
Tesla (TSLA) Added to Investment Bank's Best Ideas List
Investment bank Benchmark added Tesla (TSLA) to its Best Ideas List but cut its price target on the shares to $350 from $475, Schwab Network reported today. Benchmark believes that the recent decline of the stock has been "overdone." Why Benchmark Is Bullish on TSLA Benchmark, which kept a Buy rating on TSLA, believes that the new EV which the company plans to release later this quarter may significantly boost its deliveries. Further, the investment bank is "cautiously optimistic" about the upcoming launch of the company's robotaxis. The latter initiative is expected to kick off in June. Also importantly, Benchmark expects TSLA to benefit from the fact that it manufactures many of its EVs in the U.S. As a result, tariffs are likely to harm the automaker to a lesser extent than many of its peers, the investment bank believes. Finally, the company's Optimus robots could allow it to become "a broad automation provider,' according to Benchmark. The Recent Price Action of TSLA Stock In the last month, the shares are down 7%, while they have sunk 41% in the last three months. While we acknowledge the potential of TSLA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
19-03-2025
- Business
- Yahoo
MNG stock rises on strong FY24 results and upbeat targets
-- Shares of M&G Plc (LON:MNG) climbed 3.21% following the announcement of solid FY24 operating results and optimistic future targets. The company reported an adjusted operating profit and operating capital generation that surpassed expectations, driven by non-underlying items such as foreign exchange gains and a one-off in shareholder annuities. The adjusted operating profit for the fiscal year came in at £837 million, outpacing the consensus of £769 million and RBC estimates of £781 million. The firm's Solvency II ratio, a measure of capital adequacy, stood at 223%, exceeding the consensus by 7 percentage points. This result was supported by the operating capital generation beat, which was reported at £933 million against a consensus of £916 million. However, asset management net flows were weaker than expected, with a £0.9 billion outflow compared to the consensus of a £0.1 billion outflow. Looking ahead, MNG has set ambitious targets for the FY25-27 period, including an average annual adjusted operating profit growth of at least 5%, which suggests consensus earnings upgrades of 4-6%. The company also aims to generate £2.7 billion in operating capital over the next three years, a figure that aligns with previous achievements but is considered higher quality due to a larger proportion being underlying. Furthermore, MNG has formalized a progressive dividend policy, announcing a 2% rise in dividends per share (DPS) for FY25, which is in line with consensus expectations of approximately 3% growth per annum through FY27. RBC analysts commented on the company's financial guidance, stating, "MNG's new operating capital generation guidance (OCG) implies small downgrades to consensus, once new business capital strain is considered. However, it remains strong enough to underpin MNG's confidence to commit to a progressive dividend policy, while also continuing to invest in the business (via higher Life new business capital strain)." Related Articles MNG stock rises on strong FY24 results and upbeat targets Exor NV lifts stake in Philips to 18.7% Adyen and AstraZeneca gain TD Cowen's Best Ideas recognition on growth potential Sign in to access your portfolio
Yahoo
19-03-2025
- Business
- Yahoo
MNG stock rises on strong FY24 results and upbeat targets
-- Shares of M&G Plc (LON:MNG) climbed 3.21% following the announcement of solid FY24 operating results and optimistic future targets. The company reported an adjusted operating profit and operating capital generation that surpassed expectations, driven by non-underlying items such as foreign exchange gains and a one-off in shareholder annuities. The adjusted operating profit for the fiscal year came in at £837 million, outpacing the consensus of £769 million and RBC estimates of £781 million. The firm's Solvency II ratio, a measure of capital adequacy, stood at 223%, exceeding the consensus by 7 percentage points. This result was supported by the operating capital generation beat, which was reported at £933 million against a consensus of £916 million. However, asset management net flows were weaker than expected, with a £0.9 billion outflow compared to the consensus of a £0.1 billion outflow. Looking ahead, MNG has set ambitious targets for the FY25-27 period, including an average annual adjusted operating profit growth of at least 5%, which suggests consensus earnings upgrades of 4-6%. The company also aims to generate £2.7 billion in operating capital over the next three years, a figure that aligns with previous achievements but is considered higher quality due to a larger proportion being underlying. Furthermore, MNG has formalized a progressive dividend policy, announcing a 2% rise in dividends per share (DPS) for FY25, which is in line with consensus expectations of approximately 3% growth per annum through FY27. RBC analysts commented on the company's financial guidance, stating, "MNG's new operating capital generation guidance (OCG) implies small downgrades to consensus, once new business capital strain is considered. However, it remains strong enough to underpin MNG's confidence to commit to a progressive dividend policy, while also continuing to invest in the business (via higher Life new business capital strain)." Related Articles MNG stock rises on strong FY24 results and upbeat targets Exor NV lifts stake in Philips to 18.7% Adyen and AstraZeneca gain TD Cowen's Best Ideas recognition on growth potential
Zawya
28-01-2025
- Business
- Zawya
Cohesion partners with Apex Group to provide investors with access to India's equity market
Abu Dhabi, UAE - Cohesion Asset Management Limited ('Cohesion') is delighted to announce a major new partnership with Apex Invest – Apex Group's suite of capital raising, advisory, fund distribution and IR & marketing solutions. Apex Invest will promote flagship Cohesion MK Best Ideas fund across its global network, where it is authorised to do so. Cohesion focuses on providing investors with access to a fund management team in one of the most exciting and dynamic equity markets in the world - India. The Indian growth story is undeniable, driven by powerful demographic tailwinds and an entrepreneurial spirit. These factors explain why so many investors and business leaders have identified India as a place where they want to allocate capital. Through Cohesion MK Best Ideas, investors have access to the insights and experience of Madhu Kela and his team. Mr Kela is a high-profile fund manager whose opinions on the Indian market are highly sought after. Since launch in August 2020, Cohesion's flagship fund, Cohesion MK Best Ideas, has an enviable track record. Commenting on the new partnership, Spike Hughes, Cohesion's Founder & CEO said: 'We are delighted to be working with one of the world's leading fund service businesses. With more than $3tn assets under servicing, they have the scale and reach we were looking for. However, this partnership is about much more than just numbers. Peter Hughes and I have very similar views on what success should look like in fund management and that means investment excellence backed up with world-class service and administration.' Peter Hughes, Apex Group's Founder and CEO said: 'We are extremely pleased to partner with Cohesion. Spike has a strong team of seasoned professionals. We are proud to promote the Cohesion MK Best Ideas fund in jurisdictions where we have authorisation to do so.'
