Turbulent times call for a bigger, better moat. These ‘resilient’ companies will help investors get there, says Credit Suisse

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Investors who have been unsure of the Fed’s no-mercy inflation policy have now got the message.

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And as markets adjust to the prospect of a higher hike from a central bank, which plans to “keep it until it’s done”, with the escalating war in Europe and the threat of an energy crisis in the background, the S&P 500 spx

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Summer may struggle to visit the nadir.

“Looking at the present day” [Wednesday’s] With a downside reversal and the continued lack of any capitulatory signals, we think the path to the June low (3,640) could be faster than many anticipate,” Jonathan Krinsky, chief market technician at BTIG, tells clients, although he gives some hope. put in danger.

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“The bad news is that we are still in one of the weakest seasonal windows of the year, especially in the mid-term year. The good news is that it quickly reverses by mid-October. We think we can do that before June.” , which should establish a better entry point for a year-end rally,” Krinsky said.

When it comes to investment options, investors would be forgiven for feeling like they’ve just been cornered. it brings us into our call of the day From Credit Suisse, which offers an “indefinitely protective moat” through dozens of companies with solid business models.

Note that the bank is currently recommending “an underweight stance on equities due to the potential downside risk to 2023 earnings by forecasting 15% to 20% for the S&P 500.” They see a “highly uncertain” growth outlook due to sticky wage growth and aggressive central bank responses to Europe’s energy crisis. Strategists expect US growth to reach just 0.9% in 2023, with a 0.2% contraction in the eurozone.

Still, Richard Kersley, head of global equities research, and his team asked analysts across multiple sectors to “identify companies that may not be immune to earnings but should be better shielded from economic uncertainty.” , thanks to the high barriers to entry that surround their businesses.”

“Selected stocks reflect examples of companies that have shown superior ability to innovate, their first mover advantage or simply a scale advantage that has developed a market-leading position and with it strong pricing power.”

And instead of limiting the pick to defensive areas or styles, they cast a wide net and came up with 35 outperform-rated stocks with an “economic gap in the areas.” Bold names represent those that have a consensus earnings estimate and target price, as well as most consensus calls.

Of America: air product
APD,
Autodesk
ADSC,
McDonald’s
Delhi Municipal Corporation,
Microsoft MSFT,
next age
Ni,
ppl ppl,
reynolds rain,
hershey
HSY,
Thomson Reuters TRI,
union pacific
UNP,
Visa V,

EMEA: liquid air
FR: AI,
asml asml

n: asml,
SE. in Asa Abloy,
Coloplast
DK: Colo,
Diego
UK: DGE

deo,
Edenred FR: Eden,
Experian UK: EXPN,
halon
UK: HLN,
Legal and general UK: LGEN,
LSEG UK: LSEG,
National Grid
UK: OF,
Reckitt Benckiser
UK: RKT,
Schneider FR: SU,
Sika CH: Sika,
Smurfit Kappa IE: SK3,
volters kluver
NL: WKL,

Asia Pacific: AIA HK:1299,
CP All PCL TH:CPALL,
ctos digital mine:5301,
Hindustan Unilever IN:500696,
International Container PH:ICT,
PT Bank Mandiri (Persero) TBK, Samsung Biologics KR: 207940,
Samsung Electronics KR: 005930

MarketWatch’s . see the second day of Best New Ideas at the Money Festival, It’s never too late to sign up, and here’s an interview you might have missed with legendary investors Ray Dalio and Carl Icahn.

Market

Stock Futures ES00

NQ00

ym00

Struggling for traction, with 2-year Treasury yield BX:TMUBMUSD02Y

highest since 2008. Dollar Index DXY

was hovering at a 2002 high until the Bank of Japan stepped in after leaving key interest rates unchanged for the first time in 25 years. Asian stock JP:NIK

HK: HSI

Stumbled and Korean won USDKRW

lowest level in 13 years. Europe Shares XX:SXXP

Not performing much better.

buzz

FedEx FDX after last week’s warnings and cost-cutting plans

Will report after closing. Investors will ignore what management has to say about this and the global slowdown.

The Swiss National Bank matched the Fed’s 75 basis-point increase, and marked the end of negative interest rates for global central banks. Norway’s central bank and the Bank of England both rose 50 basis points.

Weekly jobless claims and current account deficit coming in ahead of the market open, followed by key economic indicators.

More than two hundred Ukrainians and foreigners, including soldiers guarding the Mariupol Steel Plant, have been freed in exchange for an ally of Russian President Vladimir Putin.

“If you’re the President of the United States, you can just declassify by saying ‘It’s unclassified.’ Even thinking about it.” This was former President Donald Trump, just before a federal court ruled Mar-a-Lago had lifted its hold on classified records.

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Chart

Here’s an update on a popular analog chart comparing the progress of the S&P 500 in 2022 to the progress Blogger made in 2008. market ear, Feeling Crazy:

Market Ears / Refinitiv

ticker

These were the most active stock-market ticker symbols as of 6 am.

anchor

security name

TSLA

Tesla

GME

GameStop

AMC

AMC Entertainment

AAPL

Apple

NIO

NIO

bbby

bed Bath and Beyond

monkey

AMC Entertainment Preferred Share

avct

American Virtual Cloud Technologies

AMZN

heroine

NVDA

NVIDIA

random reads

the unborn gives a little thumb Cauliflower,

$625 per person for dinner – at Disney World
district,

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Credit: www.marketwatch.com /

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