Look for:

Our offer for

Research Detail

2022/09/01 / Erste Group Research

Defensive equities preferred


Rating changes: Deere & Co, NVIDIA

The global equity market came after the previously strong gains in 3Q in the last two weeks of August significantly under pressure. Reasons for this were profit taking, somewhat weaker than expected economic data (EMIs) as well as the confirmed commitment of the Fed to raise interest rates further.

Now, the new major lockdown in China in the city of Chengdu with 21 million inhabitants is having a negative impact on the stock market. The city - which accounts for about 1.7% of China's GDP - is a major headquarters of tech and auto companies, including Toyota, VW China, Foxconn and Intel. The impact will depend on the length of the lockdown. For comparison, the Shanghai lockdown lasted about two months. We continue to recommend investors invest in stocks in the consumer staples, healthcare and technology sectors.

NVIDIA: U.S. state licensing requirement for high-end GPU exports to China

Deere & Co: High pricing power in a sector with strong growth in demand

PDF Download Download PDF (5.7MB)

General information

AuthorErste Group Research
Date2022/09/01
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusEurozone, Germany, United States
Currency in focusEuro, 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
Download

Related financial instruments

Page 1 of 6
Name  ISIN# Erste Group products
-CH00246088270
-US27886510060
-CH00301704080
-DE000ENAG9990
-US51843910440
-GB00BH4HKS390
-US36960410330
-CH04187929220
-GB00BZ09BD160
-NL00150001Q90
-US70450Y10380
-US88579Y10100
-IE00BZ12WP820
-PTEDP0AM00090
-US05675210850
ABBCH00122217160
Abbott LaboratoriesUS00282410000
AbbVieUS00287Y10910
AdidasDE000A1EWWW04
AdobeUS00724F10120
Advanced Micro DevicesUS00790310780
AlibabaUS01609W10270
AllianzDE00084040050
AlphabetUS02079K30590
Amadeus IT GroupES01090670190



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer