stocks, news, data and Fed meeting

As concerns swirl about lofty stock market valuations and investors focus on AI companies, strategists at Berenberg see one sector as a relative bargain.

The investment bank pointed out that investors in that one sector outperformed the market by an average of 108% – or more than doubled their money – when they invested on three occasions in the past when valuations were similarly depressed as the current levels.

CNBC Pro subscribers can read more here.

— Ganesh Rao

One stock is a “promising AI investment” and set to be a “serious player” in a corner of the space, according to Brian Stutland of Equity Armor Investments.

“They are really starting to become very creative in the AI world,” Stutland, a portfolio manager at the firm, told CNBC’s “Street Signs Asia” this week.

CNBC Pro subscribers can read more here.

— Weizhen Tan

European markets are set to open lower Tuesday.

The U.K.’s FTSE 100 index is expected to open 26 points lower at 7,698, Germany’s DAX down 41 points at 17,896, France’s CAC 13 points lower at 8,138 and Italy’s FTSE MIB down 68 points at 33,347, according to data from IG. 

There are no major earnings releases Monday. Germany’s ZEW survey of economic sentiment for March is set to be published.

— Holly Ellyatt