With the recent volatility in the stock markets, Citi has called for clients to “buy this fall”, while analysts at Bank of America and JPMorgan named global stocks and sectors they believe are the best. that they are trading close to the bottom. In a research note dated May 25, BofA named a European list of “High Quality Stocks That Are Most Derivative This Year” as Screen of the Week. Market YTD [year to date] But has strong earnings support and above sector average FCF [free cashflow]” said analyst Paulina Strzelinska. Top of the bank’s list – ranked in order of quality – is Swiss industrial company Kuene Nagel, followed by Danish jewelry brand Pandora and Italian health care company Diasorin. Shipping firm Maersk, British-American heating firm Ferguson and Automaker Stelantis came next, followed by luxury apparel brand Moncler, IT consultancy Reply and housebuilder Taylor Wimpy. “High quality stocks have seen the biggest decline in valuation compared to other styles, with premiums being the biggest in four years,” Strzelinska said. JP Morgan Opportunities JP Morgan Opportunities lowered, but it could be just as bad.” The first quarter, while Target shares fell sharply on May 18, also fell short of analysts’ expectations.[Retail] has already underperformed, and some high-profile profit warnings are now following us,” wrote analysts led by Mislav Matezka. Read more Citi’s bear market model says it may be time to buy a dip Bank of America reveals top 5 stocks based on strong chart of companies Kyle Bass says US will be in recession in coming year, food and oil prices still climbing “Unless we get more price shocks See, we think one can start looking at retail names for opportunities from here,” added the analysts. Retail names on the bank’s list of top European picks include Marks & Spencer and Swedish clothing company H&M. , both of which JP Morgan has rated neutral. Also on its list is Portuguese grocery conglomerate Jerónimo Martins, which it has rated overweight. The bank also said consumer spending is likely to be “relatively resilient”. Analysts Said Citi: ‘By this dip’ Citi said it again in a May 26 research note It may be time to start buying stocks from the U.S., titled “Bear Market Checklist: Buy This Dip.” The bank analyzed 18 indicators — which could become “red flags” — such as a company’s fundamentals, equity valuation and Financing activity as part of your bear market checklist or BMC. “At any given time, some of these could be warning signs, but usually not enough to suggest a long-term recession,” said analysts led by Robert Buckland. Citi didn’t choose the stock, but said it preferred Europe or emerging markets, as those regions currently have fewer red flags than the US. “European BMC looked less foamy late last year, just Flags at 6/18 red. Notably, unlike the US, the valuation was not specifically raised. European BMC is now only under 4.5/18 red flags. We use different factors in EM BMC, but the story Europe is similar. For investors who are concerned that the US market is too early for a dip, perhaps buying a decline in Europe and EM is a safe call,” the bank said. The bank said, “BMC was never intended to be a market timing tool to predict when the next correction might begin or end. Instead, it was designed to suggest actions when an inevitable downturn occurs.” ” — CNBC’s Fred Imbert contributed to this report.
A Wall Street sign is pictured on the New York Stock Exchange (NYSE) on March 9, 2020 in New York.
Carlo Allegri | Reuters
With the recent volatility in the stock markets, Citi has told clients that “buy this dip“While the analysts bank of america And J. P. Morgan Named global stocks and sectors that they believe are trading near the bottom.