U.S.
stocks
have
been
rather
volatile
in
the
past
month,
but
in
the
past
week
they
had
a
strong
run
on
hopes
of
rate
cuts.
The
Dow
Jones
Industrial
Average
had
its
fourth
consecutive
winning
session
on
Monday,
and
the
S
&
P
500
also
climbed
for
the
past
four
days.
Tech
stocks,
which
would
be
boosted
by
rate
cuts,
have
been
a
big
part
of
that
rally
—
with
Meta
,
Alphabet
and
Amazon
in
particular
having
a
strong
showing
over
the
past
couple
of
weeks.
“Any
shift
in
investor
expectations
around
the
Fed’s
path
to
rate
cuts
and
the
fluid
situation
in
the
Middle
East
may
inject
further
volatility,”
UBS
said
in
a
May
6
note.
“But
ahead
of
the
next
catalysts,
including Nvidia’s
results
and
major
industry
conferences,
we
are
encouraged
by
many
positives
in
tech
fundamentals during
the
first-quarter reporting
season, which
in
our
view
continue
to
support
the
investment
case
for
generative
artificial
intelligence,”
it
added.
Elsewhere,
analysts
are
getting
more
optimistic
on
China
stocks,
especially
those
in
the
tech
sector.
China
has
rebounded
from
a
lengthy
slump
and
Bernstein
believes
the
rebound
has
further
to
go
—
largely
through
its
growth
stocks.
“We
are
positive
on
chasing
momentum
stocks
across
the
region
including
within
the
tech
sector,”
it
said
in
a
May
3
note.
Kevin
Liu,
managing
director
and
strategist
at
CICC
Research,
said
his
conviction
call
would
be
a
structural
barbell
allocation
with
themes
including
tech
names
“with
high-end
upgrading
opportunities,”
among
others.
A
barbell
strategy
involves
investing
in
both
ends
of
the
spectrum
—
low-risk
and
high-risk
securities.
Stock
screen
Against
this
backdrop,
CNBC
Pro
screened
FactSet
for
stocks
from
four
exchange-traded
funds
(KraneShares
CSI
China
Internet
ETF,
Vanguard
Information
Technology
ETF,
Invesco
China
Technology
ETF
and
the
iShares
MSCI
China
Multisector
Tech
ETF)
to
find
stocks
that:
have
beaten
the
S
&
P
500’s
around
9%
year-to-date
performance.
have
been
given
more
than
20%
upside
by
analysts.
are
covered
by
six
analysts
or
more.
have
received
a
buy
rating
from
at
least
half
of
analysts.
These
stocks
showed
up
in
the
screen:
