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2022/08/25 / Erste Group Research

Health Care stocks with stable growth


Rating changes: Costco Wholesale, Merck & Co, Abbott Laboratories, Schneider Electric

The US Purchasing Managers' Index weakened for the second time in succession. It last stood at 45 points. This confirms that the contraction in economic activity in the USA is continuing. In Europe, the composite purchasing managers' index also deteriorated most recently. At a level of 49.2 points, this leading indicator for Europe also shows that a weakening of the economy is taking place.

The global stock market reacted to the weakening of global economic indicators with slight declines and an increase in volatility. Now that the reporting season is almost over, economic and political aspects will once again increasingly come to the attention of investors in the coming weeks. Corporate earnings growth forecasts are stable for 2022 (2022e earnings: +7.0%). We expect the global stock market index to trend sideways in the coming weeks.

Merck & Co: Successful products for immunotherapy against cancer

AMD: High sales growth in 2Q but very sharp increase in operating costs
Royal Bank of Canada: Net interest income up, income from commissions and fees down

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General information

AuthorErste Group Research
Date2022/08/25
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusEurozone, Germany, United Kingdom, United States
Currency in focusBritish Pound, Euro, US Dollar
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities
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Name  ISIN# Erste Group products
-GB00BZ09BD160
-NL00150001Q90
-US70450Y10380
-US88579Y10100
-IE00BZ12WP820
-PTEDP0AM00090
-US05675210850
-CH00246088270
-US27886510060
-CH00301704080
-DE000ENAG9990
-US51843910440
-GB00BH4HKS390
-US36960410330
-CH04187929220
ABBCH00122217160
Abbott LaboratoriesUS00282410000
AbbVieUS00287Y10910
AdidasDE000A1EWWW04
AdobeUS00724F10120
Advanced Micro DevicesUS00790310780
AlibabaUS01609W10270
AllianzDE00084040050
AlphabetUS02079K30590
Amadeus IT GroupES01090670190



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