Stock futures pair early gains, Dow futures go negative

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Piper Sandler says CIO survey points to year of change in 2023

December 19, 2022 3:48 PM EST

Piper Sandler analyst Rob Owens told investors in a research note Monday that following its 12th annual CIO Survey, they believe "2023 could be the year of change."

"We surveyed 128 IT decision makers having an estimated $1.6B in average annual revenue. Results suggest that 2023 could be the 'year of change'... More

Citi expects a weak start, strong finish to 2023

December 19, 2022 3:18 PM EST

Citi analyst Scott Chronert said in a note to clients on Monday that they are preparing for volatility in the first quarter of 2023.

The firm's broader market call is for a weaker start to the year, with a stronger finish, the analyst declared.

"We position more defensively for now. Health Care,... More

Goldman Sachs underweight industrials on sharp fall in CEO confidence

December 19, 2022 11:11 AM EST

Goldman Sachs analyst David Kostin told investors in a note Monday that the firm remains underweight the S&P 500 Industrials sector despite its 19% rally since the start of the fourth quarter.

"The S&P 500 Industrials sector in 4Q has outperformed the index by 10 pp (19% vs. 9%) despite growing evidence that the economy is slowing," wrote Kostin.... More