Buy these 17 highest-conviction stocks for the best chance at outperformance as the market endures a challenging economic 'hard landing'
The firm expects muted gains for stocks as corporate profits fall 6.5%Wall Street is convinced a recession is coming this year — and Jefferies thinks the downturn will be worse than most onlookers expect.
Meanwhile, Global Equity Strategist Sean Darby expects disappointing growth and earnings, as higher rates and a slowing economy will both chip away at corporate profits. He expects the benchmark S&P 500 index to rise about 5% and end the year at 4,200.
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