Big Tech Earnings, Fed Meeting, Jobs Report Pack Hectic Week Ahead; Evercore Bullish on Beaten-Down China Stocks
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Earnings this week from 23% of S&P 500 companies, including mega caps Microsoft, Apple, Amazon, Alphabet, and Meta accounting for nearly 24% of the index's valuation
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Fed policy meeting on Wednesday with focus on interest rate guidance and Treasury refunding announcement
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Jobs data all week culminating in January nonfarm payrolls on Friday
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Evercore strategists recommend buying China stocks and ETFs due to extremely bearish sentiment, valuations at decade+ lows compared to history
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Top China stock ideas include Apple, Estee Lauder, Baidu based on China revenue exposure; Alibaba, JD.com based on discounts to historical valuations