Wall Street strategists cool on tech stocks, recommend steady income of financials for 2020

Most liked consumer discretionary stocks as well, but Bank of America, BMO and Credit Suisse all recommended clients to steer clear of staples.

"Given the longer-term outperformance cycles of value relative to growth, we believe the market may soon be entering the very early stages of a 'value cycle,'" writes BMO's Brian Belski.Wall Street's top strategists favor financials and value stocks heading into 2020, jilting the high-flying and expensive growth names that have for months carried the market to record highs.

Most liked consumer discretionary stocks as well, but Bank of America, BMO and Credit Suisse all recommended clients steer clear of staples.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Former Wall Street CEO Sallie Krawcheck on 'toxic masculine' culture - Business InsiderSallie Krawcheck, once the 'most powerful woman on Wall Street,' shares how an MBA helped her escape the finance world's toxic culture of the '80s does she do anything other than complain about the 80s ? Fear and a bit of competition within the working environment can certainly bring out the worst in people. Hopefully things are improving over time. greedisgood
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »