BMO says its bull case scenario of S&P 500 at 5,050 is 'becoming increasingly more likely'
HSBC suggests that now is a good time to invest in U.S. stocks and other risk assets.
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HSBC's chief multi-asset strategist advises against investors getting tempted by the recent broad-based sell-off, noting that US equities have a bigger recovery potential given their unchanged view on growth, inflation, and fundamentals.
U.S. stocks begin the final week of August with a positive start, Goldman Sachs sells its personal financial management unit, Microsoft emphasizes the need for human control over artificial intelligence, Google plans to license solar and environment data, Nvidia is hailed as the world's most valuable chipmaker, and analysts offer mixed views on the strength of the U.S. consumer and the future of the retail sector.
HSBC's chief multi-asset strategist believes that it is a tempting entry point for U.S. equities and discusses the dollar index strength's signal for the global market.
India's positive structural factors, including economic growth translation, supply chain dynamics, and a youthful demographic, make it a top investment choice for HSBC and Morgan Stanley.
Bank of America has identified five risks to the stock market but remains optimistic and finds attractive opportunities in stocks compared to bonds.
European stock markets are expected to open higher on Tuesday as investors await economic data, including U.S. inflation figures and the European Central Bank's rate decision, while Arm IPO's price could potentially surpass $51 per share. Meanwhile, tech investor Paul Meeks plans to buy tech stocks once the market correction subsides, and Federal Reserve officials are reportedly feeling less urgency for another rate hike. HSBC has also named its "must see stocks" in the UK.
HSBC has identified its top stocks with potential for substantial gains in the UK, according to a report by Amala Balakrishner. Top tech investor Paul Meeks believes that now is the time to buy tech stocks after a dip, as reported by Weizhen Tan. Schwab's Jeffrey Kleintop suggests that international stocks offer numerous opportunities for investors, as stated by Hakyung Kim.