Home » Investment strategy
Tag:

Investment strategy

Economy

Investment Strategy Recommended Stocks Dec 2022 – Accumulate stocks for the year 2023 which is still positive.

by archyde

in november The Thai stock market is quite volatile. But the closing price is almost unchanged from the end of October. The positive factors are i) US inflation. and Thailand slowed down, ii) economic and political conditions in Europe and the UK became more stable, and iii) GDP in Thailand came out stronger than expected. However, the SET index remained volatile due to negative factors such as the COVID-19 situation. more serious in China And there are signs that Chinese authorities may return to take measures.
Stricter social controls once again This has made investors worried about the momentum of Chinese tourists. In addition, weaker-than-expected 3Q22 performance in the energy and petrochemical sector led to a further downgrade of EPS estimates for Thai listed companies in 2022. November was up 0.8%, which underperformed the SET Index’s 1.2% gain, with CPALL* being our only top pick, up 6.3%, reflecting the strong tourism sector. and profit momentum in 4Q22, but considering the beginning of the year to today Our stock portfolio moved up 4.4%, which also outperformed the SET Index, which fell 1.79%.

In December, the market is expected to improve. especially in the second half of the month

for the trend in December We are moderately positive on the SET outlook, expecting the market to move in a narrow range in the first two weeks of the month. Because investors are still waiting to see the COVID-19 situation in China and the monetary policy decision of the FOMC on Dec. 14 and the ECB on Dec. 15, which we see after clearing up the above points. Thai stocks are likely to continue rising towards the end of the year if the Fed and ECB signal that they may slow down the pace of rate hikes. The US dollar index is likely to decline further, boosting risk appetite in Asian equities. Capital inflows will continue in 2023 as i) GDP tends to outperform ii) international tourist arrivals tend to recover strongly. which will support the current account balance to improve; and iii) the dollar cycle. which is passing through the peak period will encourage the Asian currency to appreciate

Top stocks for December, still focusing on top themed stocks for Q1/2023

We advise investors to focus on medium to long-term trends. The Thai economy and the SET index will be supported by strong private consumption. and the continued recovery of the tourism sector As such, our December picks are based on this theme: Banking (BBL*, KTB*), Consumer (CPALL*, HMPRO*) and those benefiting from a rebound in international tourists. (AOT*, BDMS*) We’re also adding two utility stocks this month, GULF* and BGRIM*, as they expect to benefit from continued declines in global bond yields. and the appreciation of the baht

0 comment
0 FacebookTwitterEmail
Health

Stocks reverse some gains after a sharp two-day rally on Wall Street, Dow falls 150 points

by archyde

U.S. stocks fell on Wednesday, giving back some of its sharp gains from the last two sessions as Treasury yield rose.

The Dow Jones Industrial Average declined 152 points, or 0.5%. The S&P 500 and Nasdaq Composite dipped 0.7% and 1.1%, respectively.

Treasury yields rebounded Wednesdayweighing on stocks. The 10-year rate traded 10 basis points higher at 3.713% after briefly dipping below 3.6% in the previous session.

Private payrolls increased by 208,000, ADP said in its latest report, topping a Dow Jones estimate. Traders are still looking ahead to Friday’s release of the nonfarm payrolls report.

“Five of the last bear markets since 1950 ended in October,” Sam Stovall, CFRA’s chief investment strategist, told CNBC’s “Squawk on the Street.” However, he added, “I still think we have a ways to go. We’re down 25% but bear markets with recessions usually decline about 35% and do so over a 15-month period. While we do have these relief rallies, we are likely to continue in a downward mode probably until the first quarter of next year.”

On Tuesday, the Dow jumped about 825 points, or 2.8%. The S&P 500 gained nearly 3.1%, while the Nasdaq Composite advanced 3.3%. Those gains, which come on the back of falling bond yields, led to the strongest two-day stretch for the S&P 500 since 2020.

Market participants wondered whether those signs could mean markets have finally priced in a bottom after the sharp declines in the prior quarter.

“I don’t think you have to worry about a recession until the second half of ’23,” Stifel chief equity strategist Barry Bannister said Tuesday on CNBC’s “Closing Bell: Overtime.” “So there is room for a rally as you go into the early part of next year.”

0 comment
0 FacebookTwitterEmail
Health

Dow futures fall more than 200 points following a sharp two-day rally on Wall Street

by archyde

U.S. stock futures fell on Wednesday, putting Wall Street on track to give back some of its sharp gains from the last two sessions.

Dow Jones Industrial Average futures declined by 303 points, or 1%. S&P 500 and Nasdaq 100 futures dipped 1% and 0.9%, respectively.

The Dow on Tuesday jumped about 825 points, or 2.8%. The S&P 500 gained nearly 3.1%, while the Nasdaq Composite advanced 3.3%. Those gains, which come on the back of falling bond yields, led to the strongest two-day stretch for the S&P 500 since 2020.

Meanwhile, a weakening in the most recent job openings data had some investors considering whether the Federal Reserve will slow the pace of interest rate hikes.

Market participants wondered whether those signs could mean markets have finally priced in a bottom after the sharp declines in the prior quarter.

“I don’t think you have to worry about a recession until the second half of ’23,” Stifel chief equity strategist Barry Bannister said Tuesday on CNBC’s “Closing Bell: Overtime.” “So there is room for a rally as you go into the early part of next year.”

Traders are expecting a raft of economic reports on Wednesday.

Data on weekly mortgage applications is expected. September’s ADP private payrolls report is due out at 8:15 a.m. ET. The latest international trade reading is due at 8:30 a.m. ET, while the ISM services index is set to be released at 10 a.m. ET.

0 comment
0 FacebookTwitterEmail
Health

Dow erases losses as tech rally helps overcome dollar pressure

by archyde

The Dow Jones Industrial Average erased earlier losses as a rally in tech stocks offset dollar pressure.

The Dow fell 76 points, or 0.3%. The S&P 500 gained 0.2%, and the Nasdaq Composite advanced 1.1%.

Consumer discretionary and information technology gave support to stocks, both up 1.3% and 0.8%, respectively. Casino stocks outperformed after Macau said it would allow tour groups, signaling that it would ease pandemic travel restrictions. Wynn Resorts jumped 12.4%, and Las Vegas Sands was 11% higher. Tech stocks Enphase Energy and Salesforce rose 2.3% and 1.9%.

The British pound dropped to a record low on Monday against the U.S. dollar. Sterling at one point fell 4% to an all-time low of $1.0382. The Federal Reserve’s aggressive hiking campaign, coupled with U.K.’s tax cuts announced last week has caused the U.S. dollar to surge. The euro hit the lowest versus the dollar since 2002. A surging greenback can hurt the profits of U.S. multinationals and also wreak havoc on global trade, with so much of it transacted in dollars.

“Such U.S. dollar strength has historically led to some kind of financial/economic crisis,” wrote Morgan Stanley’s Michael Wilson, chief U.S. equity strategist, in a note. “If there was ever a time to be on the lookout for something to break, this would be it.”

Traders will be closely watching the S&P 500 on Monday for any break below its bear market low. The S&P’s low close for the year in June was 3,666.77. It closed Friday at 3,693.23 after trading briefly below that level. The benchmark’s intraday low for the year is 3,636.87. Any trading below those levels could drive more selling in the market.

On Friday, stocks ended a brutal week with the blue-chip Dow finding a new intraday low for the year and closing lower by 486 points. The broad-market S&P 500 temporarily broke below its June closing low and ended down 1.7%. The tech-heavy Nasdaq Composite lost 1.8%.

Another super-sized rate hike by the Federal Reserve last week was the catalyst for the latest leg downward in markets. The central bank indicated it could raise rates as high as 4.6% before pulling back. The forecast also shows the Fed plans to be aggressive this year, hiking rates to 4.4% before 2022 ends.

Bond yields soared after the Fed enacted another rate hike of 75 basis points. The 2-year and 10-year Treasury rates hit highs not seen in over a decade. On Friday, Goldman Sachs slashed its year-end target for the S&P 500 to 3,600 from 4,300.

Rates were surging again on Monday with the 2-year Treasury topping 4.29% at one point in the day.

0 comment
0 FacebookTwitterEmail
Health

5 things to know before the stock market opens Monday, September 12

by archyde

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2022.

Brendan Mcdermid | Reuters

Here are the most important news items that investors need to start their trading day:

1. Futures look strong

U.S. stock markets were primed to open higher Monday morning, as investors sought momentum from last week’s gains. All three major indexes had been mired in a three-week losing streak as markets grappled with the reality of yet another big rate hike coming from the Federal Reserve. The central bank’s policy-setting committee is expected to raise its benchmark rate by three-quarters of a point next week, even as inflation has shown signs of cooling off somewhat. Investors will get the latest read on inflation Tuesday, when the government is scheduled to report August’s consumer price index.

2. Ukraine strikes back

The Ukrainian military has Russia on the run in two portions of the country. After making significant gains in Ukraine’s south, the nation’s armed forces, bolstered by weaponry from the U.S. and other Western allies, unleashed a lightning counteroffensive in the northeast. According to one Russian official, “the situation is becoming more difficult by the hour” for the Kremlin’s forces, in what’s become a humiliating few weeks for Russian President Vladimir Putin. Ukraine claims it has retaken this month more than 1,100 square miles of territory that had been occupied by Russia. Follow live updates here.

3. Chapek casts a spell at D23

Disney CEO Bob Chapek went on a charm offensive over the weekend at the D23 Expo, sending positive messages to fans, employees and investors alike. It appeared to work, too, at least for one big-time activist investor. Third Point CEO Dan Loeb had been pushing the entertainment and media giant to spin off its ESPN operations, but he backed off on this point with a Sunday morning tweet. “We have a better understanding of @espn’s potential as a standalone business and another vertical for $DIS to reach a global audience to generate ad and subscriber revenues,” he said. Chapek had told Variety that Disney has “a vision” for where ESPN fits into the company’s plan for the next 100 years. “We’ve not shared that plan,” he added.

4. JPMorgan buys another fintech firm

In a move to counter fast-growing Stripe and Block, JPMorgan Chase has agreed to buy fintech payments startup Renovite, CNBC’s Hugh Son reports. Chase is already the world’s top merchant services provider. It processes about $9 trillion in transactions each day. But executives at the legacy bank, particularly CEO Jamie Dimonhave sounded the alarm about upstart competitors. Since late 2020, when the Covid pandemic was raging, JPMorgan has acquired at least five fintech startups in a tech spending spree that has been met with some criticism. The Renovite deal allows the bank to expand more quickly in global markets since it doesn’t require as much coding, Mike Blandina, JPMorgan’s global head of payments technology, told CNBC.

5. New chip restrictions

The Biden administration is set to unveil next month a fresh set of restrictions on U.S. semiconductor shipments to China, Reuters reportedciting multiple people familiar with the matter. The limits will focus on chips used for artificial intelligence, as well as tools for making semiconductors. KLA, Lam Research and Applied Materials were notified of the coming changes in letters earlier this year, and the companies acknowledged the communication. Reuters also reported that some of its sources for the article said the administration could also unveil additional actions against China, as President Joe Biden pushes to make the United States more competitive with its rival.

— CNBC’s Carmen Reinicke, Holly Ellyatt, Jeff Cox and Hugh Son contributed to this report.

— Sign up now for the CNBC Investing Club to follow Jim Cramer’s every stock move. Follow the broader market action like a pro on CNBC Pro.

0 comment
0 FacebookTwitterEmail
Health

Stock futures fall as Wall Street looks ahead to Jackson Hole

by archyde

Traders on the floor of the NYSE, Aug. 9, 2022.

Source: NYSE

U.S. stock futures fell on Sunday night following a halt in the summer rally last weekas fears of aggressive interest rate hikes returned to Wall Street.

Dow Jones Industrial Average futures slid by 93 points, or 0.28%. S&P 500 and Nasdaq 100 futures dipped 0.35% and 0.53%, respectively.

On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average dropped 292 points, or 0.86%, and the Nasdaq Composite dropped 2.01%.

Those moves come ahead of what could be a volatile week of trading on Wall Street. Investors are anticipating Fed Chairman Jerome Powell’s latest comments on inflation at the central bank’s annual Jackson Hole economic symposium.

“We’ve written a couple of times recently about wait and see trading ahead of key events/releases… and how that can set the stage for greater volatility around the events themselves, and we may see a bit of that play out next week as investors await the symposium,” read a Friday note from Susquehanna’s Christopher Jacobson.

On the earnings front, traders are expecting Palo Alto Networks and Zoom Video to report results Monday after the bell.

0 comment
0 FacebookTwitterEmail
Newer Posts
Older Posts