Yahoo Finance Video3 investable themes, categories outside of the AI trade
While Nvidia's (NVDA) record high on Monday — the stock has since retreated in Tuesday trading — pushes the tech sector and hopes for the AI chip industry higher, perhaps there are still some opportunities for investors that lie outside of artificial intelligence. Alger Director of Market Strategy Brad Neuman sits down with the Catalysts team in-studio to talk about the three categories or investment themes he is seeing outside of AI: homebuilders, drug developers, and alternative asset managers. "Structurally, we're short homes in America... maybe 2 million homes. So there's a supply-demand imbalance," Neuman tells Seana Smith. "So it's an attractive market from that perspective. And cyclically mortgage rates are kind of elevated relative to the general interest rate picture." In the homebuilder category, Neuman names Builders FirstSource (BLDR), NVR, Inc. (NVR), and Trex Company (TREX). Neuman also makes the case for structural-cyclical dynamics in the biotech and pharmaceutical space: "The pipeline is growing, so it's a growth industry. That said there was an inventory overhang after COVID and the volumes have waned over the past couple of years. But we think they're on the upswing. And next year is setting up to be a normal year, or perhaps even better than that." He names Repligen (RGEN) and Danaher (DHR) for this category. Lastly, Neuman turns to alternative asset management firms, and lists Blue Owl Capital (OWL), StepStone Group (STEP), and Hamilton Lane (HLNE) among potential opportunities. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
ZacksLouisiana-Pacific (LPX) Stock Moves -0.43%: What You Should Know
Louisiana-Pacific (LPX) reachead $103.44 at the closing of the latest trading day, reflecting a -0.43% change compared to its last close.
ZacksOwens Corning (OC) Stock Moves -0.26%: What You Should Know
Owens Corning (OC) reachead $187 at the closing of the latest trading day, reflecting a -0.26% change compared to its last close.
Business WireAdvanced Drainage Systems to Announce Second Quarter Fiscal Year 2025 Results on November 8, 2024
HILLIARD, Ohio, October 15, 2024--Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS" or the "Company"), a leading manufacturer of stormwater and onsite septic wastewater management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited financial results for the fiscal second quarter ended September 30, 2024, before the market opens on November 8, 2024.
Insider MonkeyJim Cramer Loves This HVAC Stock in 2024
We recently published a list of Jim Cramer Latest Lightning Round: Top 10 Stocks to Watch. Since IBM Common Stock (NYSE:IBM) ranks 6th on the list, it deserves a deeper look. Jim Cramer in a latest program on CNBC talked about the latest rebound in the market. “Never get tired of all-time highs. We are experiencing a time for the […]
Simply Wall St.At US$45.56, Is It Time To Put The AZEK Company Inc. (NYSE:AZEK) On Your Watch List?
The AZEK Company Inc. ( NYSE:AZEK ), might not be a large cap stock, but it led the NYSE gainers with a relatively...
Simply Wall St.Louisiana-Pacific's (NYSE:LPX) earnings growth rate lags the 33% CAGR delivered to shareholders
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
ZacksHere's Why Carrier Global (CARR) is a Great Momentum Stock to Buy
Does Carrier Global (CARR) have what it takes to be a top stock pick for momentum investors? Let's find out.
ZacksHere's Why Trane Technologies Stock is a Great Pick Right Now
TT's proactive stance toward sustainability and growth is commendable. Shareholder-friendly approach bodes well for the company.
ZacksAre Computer and Technology Stocks Lagging Carrier Global (CARR) This Year?
Here is how Carrier Global (CARR) and Garmin (GRMN) have performed compared to their sector so far this year.
