Posted 4/3/2024, 6:48:02 AM
Midcaps Overvalued but Largecaps Offer Value across Banks, Pharma
- Valuations in midcap and smallcap stocks still concerning; they trade at premium to largecaps
- Debt is a good investment opportunity right now amidst taxation changes
- Largecap banks and financial services offer significant upside given attractive valuations
- Pharma sector valuations less stretched; seeing margin stability
- Auto sector rallied significantly last year; more limited upside now with valuations less appealing