Investors who are uncertain about the Fed’s ruthless inflation policy may have gotten the message by now.
And as markets adjust to the possibility of further hikes from the central bank, with the escalating war in Europe and the energy crisis looming in the background, if it plans to “hold until the end,” the S&P 500 SPX
It may struggle to revisit its summer nadir.
“Today’s is given. [Wednesday’s] BTG’s chief market technician Jonathan Krinsky told clients that although they are pessimistic, we think the path to the June low (3,640) could be very quick.
“The bad news is that it’s still one of the weakest seasonal windows of the year, especially in the middle of the year. The good news is that it will change quickly in mid-October. We think we’ll test or break the June low before then, which should set a better entry point for the year-end rally,” Krinsky said. .
Investors would be forgiven for feeling backed into a corner when it comes to investment options. That brings us to us. Call of the day From Credit Suisse, dozens of companies with strong business models offer “uncertainty protection”.
The bank is currently recommending an underweight position on the stock due to “earnings estimates for 2023 could decline by 15% to 20% for the S&P 500.” They see a “highly uncertain” growth outlook, fueled by a hawkish central bank response to wage growth and the European energy crisis. Strategists expect US growth to reach just 0.9% in 2023, with the euro zone slowing to 0.2%.
Still, Richard Kearsley, head of global equity research, and his team asked analysts in different regions to “identify companies whose earnings are unlikely to be immune to weakness, but should be protected from economic uncertainty thanks to the high barriers they face around their businesses.” “
“The selected stocks reflect examples of companies that have demonstrated innovation excellence, first-mover advantage or simply a scale advantage that has developed a market-leading position and strong pricing power,” he said.
And instead of limiting picks to defensive sectors or styles, they cast a wide net and came up with 35 well-rated stocks with “economic wins across regions.” Bold names represent those with above-consensus earnings estimates and target prices, as well as the majority of contra-consensus calls.
America: Air products
Thomson Reuters TRI,
Ema: Liquid air
Asa Abloy in SE,
Experian UK: EXPN,
Legal and General UK:LGEN,
LSEG UK: LSEG,
Schneider FR: SU,
Smurfit Kappa IE:SK3,
Asia Pacific: AIA HK:1299,
CP ALL PCL TH:CPALL,
CTOS Digital MY:5301,
In Hindustan Unilever: 500696,
Intl Container PH:ICT,
PT Bank Mandiri (Persero) Tbk, Samsung Biologics KR:207940,
Samsung Electronics KR: 005930
Check out MarketWatch’s best new ideas on day two of the Money Festival. It’s not too late to sign up, and here’s an interview you might have missed with legendary investors Ray Dalio and Carl Icahn.
Stock future ES00
Struggling to find 2-year Treasury yields BX:TMUBMUSD02Y
On top since 2008. The dollar index DXY
The Bank of Japan was hovering high until 2002 when it removed key interest rates for the first time in 25 years. Asian stocks JP: NIK
Failed and the Korean won USDKRW
It was the lowest recorded in 13 years. European shares XX: SXXP
They are not much better.
After last week’s warning and cost-cutting plans FedEx FDX
Will report after closing. Investors are zeroing in on what the administration has to say about that and the global slowdown.
The Swiss National Bank has signaled the end of negative interest rates for global central banks, matching the Fed’s 75 basis point hike. Both the Norwegian central bank and the Bank of England hiked by 50 basis points.
Weekly jobless claims and the current-account deficit are coming in ahead of the market open, followed by leading economic indicators.
More than two hundred Ukrainians and foreigners, including soldiers defending the Maripul steel plant, were exchanged with an ally of Russian President Vladimir Putin.
“If you’re the president of the United States, you can just say ‘reduced.’ Even thinking about it. Before a federal court lifted Mar-a-Lago’s classified records, it was former President Donald Trump.
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$625 per head for dinner – at Disney World DIS.
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