Pile into mega-cap tech stocks for the next 6 months as a recession is likely, top Citi strategist says
Investors should pile into high-growth and mega-cap tech stocks over the second half of this year because of the looming threat of a recession, according to a top Citigroup strategist.
Stuart Kaiser said Monday that he believes that the US economy is barreling towards an economic slump – but that environment"should be relatively favorable to tech", with limited returns available elsewhere on the stock market. "You've got very high cash yields, you've got recession risks kind of in the background, and that's the main driver of people wanting to be in large-cap tech and growth stocks," Kaiser, who is Citi's head of US equity trading strategy, told"Essentially, there's a scarcity of growth and people are willing to pay a premium to be in them," he added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Mets vs. Brewers odds, prediction: Justin Verlander must be the stopper in QueensBetting tonight’s Mets-Brewers game at Citi Field.
Baca lebih lajut »
Citi raises Meta price target to highest on Wall Street, cites strong Reels adsThe bank raised its price target on Meta to $360 per share, the highest on Wall Street, from $315.
Baca lebih lajut »
Singapore's MAS Proposes Design Framework for Interoperable Digital Asset NetworksSingapore's MAS_sg is proposing a framework for designing open tokenized-asset networks, with banking giants HSBC, StanChart, Citi and others set to run trials. By iamsandali
Baca lebih lajut »
Meta price target raised to $360 as Reels reels in adsAd loads for Reels and Instagram are expected to bump up Meta's ad sales by 14% in 2024, according to Citi Research.
Baca lebih lajut »
Texas power demand again forecast to peak this week amid heat waveThe Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state's power load, forecast demand would hit 85,471 megawatt hours on June 27, topping last year's peak of 80,148 MWh. This would be at least the third time in about two weeks that the grid operator has forecast record high demand. AccuWeather forecast high temperatures in Houston, the biggest city in Texas, will hit 102.2 F (39 degrees Celsius) on Tuesday.
Baca lebih lajut »
CCL Stock Price | Carnival Corp. Stock Quote (U.S.: NYSE) | MarketWatchCCL | Complete Carnival Corp. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Baca lebih lajut »