CNBC Pro: The ‘next big thing’ in tech will come from these areas, UBS says — naming stocks to play the theme
In the next decade, companies using technology to disrupt sectors will likely be favored, according to UBS.
The “next big thing” in tech will come from sectors such as enabling tech — which includes artificial intelligence and cybersecurity — as well as healthtech, greentech and fintech, UBS said.
“Collectively, we see industry leaders for 2030 emerging from these sectors,” said UBS in a March 14 report.
Here are some names from UBS’ list and what it says about each stock. All are U.S.-listed.
CNBC Pro subscribers can read more here.
— Weizhen Tan
Nikkei 225 leads gains in Asia, powered by manufacturing stocks
Japan’s Nikkei 225 rose more than 2% on Monday, crossing the 39,000 mark for the first time in 10 days as manufacturing and health-care stocks powered the rally.
However, the largest gainer on the index was financial technology company Rakuten Group, which surged 7.38%.
Other names on the top gainers list include automaker Nissan which climbed over 6.5% , as well as pharmaceutical firm Chugai Pharmaceutical, which was up 4%.
The yen weakened by 0.18% on the back of the index’s rally, trading at 149.29 against the greenback.
Oil posts weekly gain as crude market expected to tighten
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018.
Nick Oxford | Reuters
Crude oil futures fell slightly Friday but gained for the week after rising in the two previous sessions.
The West Texas Intermediate contract for April fell 22 cents, or 0.27%, to settle at $81.04 a barrel. The Brent contract for May lost 8 cents, or 0.09%, to settle at $85.34 a barrel.
U.S. crude and the global benchmark are up more than 3.5% week to date so far.
— Spencer Kimball
CNBC Pro: Step aside Nvidia, this “supercomputing” global stock is up nearly 100% this year – and it’s betting big on AI
While chip darling Nvidia has grabbed headlines for its impressive stock performance, driven by excitement around artificial intelligence, an under-the-radar European company has quietly seen its shares nearly double in 2024.
The small-cap firm, with sales totaling 52 million euros ($56 million) in the first half of last year, recently bagged a €300 million contract. It also just had its 150 patents valued at $835 million.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European markets: Here are the opening calls
European markets are set to start the week slightly higher Monday.
The U.K.’s FTSE 100 index is expected to open 4 points higher at 7,733, Germany’s DAX up 36 points at 17,988, France’s CAC 8 points higher at 8,191 and Italy’s FTSE MIB up 86 points at 33,488, according to data from IG.
There are no major earnings releases Monday. Final inflation data for the euro zone in February is due.
— Holly Ellyatt
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