KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia ended lower today, with the benchmark index declining 0.5 per cent, weighed down by selected heavyweights led by Press Metal, IHH Healthcare, and Tenaga Nasional. Press Metal shed 16 sen to RM4.87, IHH Healthcare dipped 14 sen to RM6.75, and TNB slipped 18 sen to RM13.58. These stocks resulted in a 6.12-point decline in the benchmark index. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.61 points to 1,518.91 versus Wednesday’s close of 1,526.52. The benchmark index opened 9.22 points lower at 1,517.30 and fluctuated between 1,512.32 and 1,524.41 throughout the day. In the broader market, losers thumped gainers 548 to 357, while 448 counters were unchanged, 994 untraded and eight suspended. Turnover rose to 2.51 billion units valued at RM1.81 billion against Wednesday’s 2.37 billion units valued at RM2.03 billion. ...
Key Takeaways
- AI's Big Winners: Companies like Pinterest, Guidewire Software, and Clarivate Plc are expected to see their earnings skyrocket thanks to AI.
- Industry Impact: Communication services, health care, and information technology are among the sectors that will benefit the most from AI adoption.
- Future Growth: With AI driving productivity, these companies are positioned for substantial growth in the coming years.
Artificial intelligence (AI) is revolutionizing the business world, and Goldman Sachs analysts have pinpointed the companies set to benefit the most from this tech boom. These stocks are expected to see a significant boost in their earnings due to AI-driven improvements in labor productivity. According to David J. Kostin, chief U.S. equity strategist, these companies could see their returns jump by 5% over the next six months.
Let's dive into the stocks that are set to ride the AI wave and see their earnings soar!
AI Winners Across Various Sectors
Communication Services
- Pinterest Inc. (PINS) - AI could boost earnings by 162%.
- New York Times Co. (NYT) - Expected to see a 67% increase.
- News Corp. (NWSA) - Anticipated earnings jump of 63%.
- ZoomInfo Technologies Inc. (ZI) - Could see a 58% boost.
Consumer Discretionary
- H&R Block Inc. (HRB) - Earnings might rise by 57%.
- Kohl’s Corp. (KSS) - Expected to grow by 49%.
- Coupang Inc. (CPNG) - Could see a 49% increase.
- CarMax Inc. (KMX) - Anticipated rise of 42%.
- Amazon.com Inc. (AMZN) - Earnings could jump by 39%.
- Lear Corp. (LEA) - Expected to grow by 30%.
Consumer Staples
- Walmart Inc. (WMT) - Earnings might increase by 44%.
- Walgreens Boots Alliance Inc. (WBA) - Expected to rise by 38%.
- Costco Wholesale Corp. (COST) - Anticipated growth of 31%.
Energy
- Occidental Petroleum Corp. (OXY) - Earnings might see a 9% boost.
- Williams Companies Inc. (WMB) - Expected to grow by 9%.
Financials
- Kemper Corp. (KMPR) - Could see a 42% increase.
- Brown & Brown Inc. (BRO) - Expected rise of 40%.
- First American Financial Corp. (FAF) - Anticipated growth of 38%.
- Willis Towers Watson (WTW) - Earnings might rise by 36%.
- Marsh & McLennan Co. (MMC) - Expected to grow by 30%.
- Fidelity National Financial Inc. (FNF) - Could see a 30% boost.
- Voya Financial Inc. (VOYA) - Expected to rise by 30%.
Health Care
- Tenet Healthcare Corp. (THC) - AI could boost earnings by 135%.
- DaVita Inc. (DVA) - Expected to see a 105% increase.
- Universal Health Services Inc. (UHS) - Anticipated growth of 91%.
- IQVIA Holdings Inc. (IQV) - Earnings might rise by 77%.
- R1 RCM Inc. (RCM) - Expected to grow by 77%.
- Encompass Health Corp. (EHC) - Could see a 68% boost.
- Illumina Inc. (ILMN) - Expected to rise by 54%.
Industrials
- Clarivate Plc (CLVT) - Earnings might soar by 232%.
- Robert Half Inc. (RHI) - Expected to grow by 150%.
- Dayforce Inc. (DAY) - Anticipated rise of 125%.
- Tetra Tech Inc. (TTEK) - Could see a 122% boost.
- Science Applications International Corp. (SAIC) - Expected to grow by 115%.
Information Technology
- Guidewire Software Inc. (GWRE) - AI could boost earnings by 388%.
- MongoDB Inc. (MDB) - Expected to see a 193% increase.
- Nutanix Inc. (NTNX) - Anticipated growth of 177%.
- Smartsheet Inc. (SMAR) - Earnings might rise by 171%.
- Snowflake Inc. (SNOW) - Expected to grow by 154%.
- Twilio Inc. (TWLO) - Could see a 138% boost.
- DXC Technology Co. (DXC) - Expected to rise by 95%.
- BILL Holdings Inc. (BILL) - Anticipated growth of 93%.
- HubSpot Inc. (HUBS) - Earnings might rise by 91%.
- Accenture plc (ACN) - Expected to grow by 80%.
- Elastic N.V. (ESTC) - Could see a 76% boost.
- Cognizant Technology Solutions Corp. (CTSH) - Expected to rise by 76%.
Materials
- International Paper Co. (IP) - Earnings might increase by 41%.
Real Estate
- Jones Lang LaSalle Inc. (JLL) - Expected to see a 120% boost.
Utilities
- Hawaiian Electric Industries Inc. (HE) - Anticipated growth of 26%.
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