Go with quality growth stocks such as these to weather a tough market and economy ahead, Trivariate Research says

The article discusses the most overbought and oversold major global stocks, including tech and banking names, and highlights CVS Health as one of the most oversold stocks in the S&P 500.

cnbc.com

Relevant topic timeline:

8/25/2023

Crescat Capital August Letter: Violent Repricing

This article does not mention any specific stocks. The author's advice is to rotate out of historically overvalued financial assets and into historically undervalued critical resources. The author's core argument is that there is a high probability of a recession in the next twelve months, and they believe that the Fed's policies will contribute to this recession. The author also highlights potential risks in the junk bond market, the private equity industry, and the banking sector.

8/21/2023

Nasdaq snaps 4-day losing streak, tech shares rise despite higher yields

Tech-heavy Nasdaq Composite and S&P 500 close higher on Monday, while Dow Jones Industrial Average falls slightly; Bank of America analyst predicts insurers will increase customer prices due to increased climate change risk; Allianz economist believes Federal Reserve Chair Powell will focus on short-term monetary policy at Jackson Hole; Loop Capital warns of weak smartphone sales ahead of iPhone 15 launch; CFRA Research chief investment strategist expects year-end rally for stocks despite recession concerns; Homebuilding stocks begin to decline; AMC Entertainment falls ahead of stock conversion; Cybersecurity company SentinelOne explores potential sale; LPL Financial chief technical strategist says recent stock pullback is temporary and predicts end-of-year rally; Jefferies upgrades gold product manufacturer Acushnet Holdings; Nvidia's quarterly earnings report could be critical for the market, says Wolfe Research; Stocks making big moves midday, including XPeng, Eli Lilly, and Marriott Vacations Worldwide.

9/4/2023

H2 2023: Overweight Tech, AI Highs, Falling Globalization

The top 25 stocks in the S&P 500 outperformed the index in the 35th week of 2023, with tech stocks leading the way, suggesting a return of bull markets and a decrease in recessionary fears; however, market health, the balance between developed and emerging markets, and investor behavior still need to be addressed. Additionally, market correlations have dropped since COVID, and on "down-market" days, correlations are 5% higher than on "up-market" days. Market correlations also decrease during upward economic cycles. Retail investors are showing a preference for dividend-driven investing and investing in AI stocks. The global subsidies race is impacting valuations in tech and leading to supply chain inefficiencies. As a result, there are opportunities for diversification and investment in a wide variety of equities and bonds.

9/9/2023

Hussman Predicts Over a Decade of Poor Returns for S&P 500 Due to High Valuations, Sees Substantial Crash Ahead

John Hussman warns that stocks are overvalued and investors buying into the S&P 500 now are likely to experience abysmal returns for the next decade. He cites high valuations and poor investor sentiment as indications of a forthcoming steep sell-off, and predicts an annualized return of -4% over the next 12 years.

9/19/2023

Oversold Stocks and Consolidating Crypto Await FOMC Meeting to Set Market Direction

Despite a perceived undervaluation of the S&P 500, analysts warn of potential volatility in both the stock market and the Bitcoin market due to the upcoming Federal Open Market Committee (FOMC) meeting, which could shape narratives and challenge conventional wisdom. The S&P 500 appears oversold while Bitcoin consolidates with a potential target of $22,000.

9/22/2023

Gundlach Predicts Recession in 2024 as Overvalued Stocks Face Risk of Decline

Stocks are considered overvalued by Jeffrey Gundlach, who expects a recession to occur in the first half of 2024 due to government overspending potentially leading to an inflationary recession or "stagflation."

Topics

Posted 9/6/2023, 4:05:29 PM