19.07.2022 / Erste Group Research |
Healthcare and technology stocks attractive Rating Changes: Daikin Industries, Oracle, Tokyo Electron, ConocoPhillips The global equity market has risen by +3.9% in EUR terms since the beginning of July. Fundamentally, sales are expected to increase by +7.9% and earnings by +7.6% in 2022. Next year, sales are expected to stagnate and profits to increase slightly (+2.9%). However, we expect the recent weaker leading indicators (including purchasing managers' indices in the USA/Europe) to lead to a decline in consensus earnings forecasts for 2022e and 2023e. In 3Q, we expect a sideways movement of the global equity market index, with stocks in the US and emerging markets expected to perform relatively better than European ones. We particularly recommend stocks from the defensive consumer, healthcare and technology sectors, as these sectors currently have the most attractive risk/reward profile. |
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Autor | Erste Group Research |
Datum | 19.07.2022 |
Jazyk | |
Název produktu | Recommendation List |
Hlavní téma | Akcie |
Zaostřeno na ekonomiku | Eurozóna, Spojené Státy |
Zaměřeno na měnu | Americký dolar, Euro |
Zaměřeno na sektor | Automobilový průmysl, Banky, Cestování a volný čas, Chemický průmysl, Finanční služby, Jídlo a nápoje, Maloobchodní prodej, Média, Pojišťovnictví, Průmyslové zboží a služby, Ropa & plyn, Síťová odvětví, Stavebnictví a materiály, Technologie, Telekomunikace, Základní materiály, Zboží osobní spotřeby, Zdravotnictví |
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