Investors looking to sift through the sell-off should look for stocks that can withstand an economic shakeout and are now more attractively valued, according to Citi. The major averages were under pressure after a slew of soft U.S. economic data sparked concerns a recession was around the corner.
mountain Apple stock. Caterpillar also made the cut. The construction equipment manufacturer has added more than 12% in 2024. Shares got a boost Tuesday on the heels of stronger-than-expected second-quarter results, rising 3%. To be sure, analysts are lukewarm on the stock's prospects. The consensus rating on shares is a hold, and the average price target points to limited upside ahead, per LSEG. Home Depot is another name that made the cut.
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Investors de-risking both long and short bets as Fed, tech earnings loom- CitiInvestors de-risking both long and short bets as Fed, tech earnings loom- Citi
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