These are the stocks posting the largest moves before the bell.Market Insiderread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
The growing popularity of cocaine cut with fentanyl — known on the street as a speedball — or combinations of methamphetamine and fentanyl — known as a goofball — are driving...Health and Scienceread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
U.S. equity markets have taken a battering in recent months amid trade war tensions, fears of an economic slowdown and Fed rate hikes – not to mention ongoing political uncertainty with the U.S. government shutdown.
David Kostin, chief U.S. equity strategist at Goldman Sachs, told CNBC Wednesday where he would recommend investing amid the current uncertainty.
"From a strategy perspective we want to focus on companies and industries that are less economically sensitive," he told CNBC's Joumanna Bercetche in London.
"So, the idea is that if the economy accelerates or re-accelerates, or deteriorates, what are some industries that have more stable characteristics? So look at the software industry in the U.S. – in 50 years, there has been only four quarters – out of 200 quarters – of negative real spending on software in the U.S. So, if you're looking for a stable business that is the nature of that business, " he said.
"That's why some of the software companies where there's more of a recurring revenue stream is an attribute that we're looking for in this environment," he said, speaking from Goldman Sachs' global strategy conference.
Government policy and Fed rate hiking policy are the biggest risks in the immediate term, Kostin said, but he said equity valuations look "reasonably attractive."
He said software companies were "shifting more and more of their business revenue mix towards recurring revenues – (so) that's an area to focus on," he said.
A recurring revenue model is based on ongoing regular payments for a service or a product as opposed to one-time payment. More and more software companies are moving towards this model in order to ensure stability of profit streams.
A number of software companies rely on revenue from recurring services like cloud subscriptions.