Stock Market Turns Cautious as ‘Defensive’ Shares Surge

Some of the hottest stocks in the U.S. are pointing to an economic cool-down.

Utilities and healthcare are among the best-performing groups in the S&P 500 so far this quarter, with gains of 7.8% and 6.6%, respectively, compared with a 4.9% rise in the broad stock index. Big winners include utility NextEra Energy Inc., which is up 14% this quarter, while shares of medical company Danaher Corp. are up 19%.

The gains are noteworthy because investors typically pile into those types of stocks when they are expecting the outlook to darken. Visits to the doctor and electricity use are less apt to decline in a pinch than spending on vacations or new furniture. Goldman Sachs this month cut its third-quarter U.S. economic growth forecast to 5.

“When those sectors are doing well, as they’re doing now, that tells you that the market is bracing for either a slowdown in the economy or some sort of a correction in the broad market,” said Phil Orlando, chief equity-market strategist at asset manager Federated Hermes.

To be fair I haven't read it ,,,but I immediately thought Ya! Raytheon. Northrop General Dynamics,,,,

The STOCK MARKET IS NOT THE ECONOMY. May WSJ have a seat at the DEFENDANTS TABLE during Nuremberg 2.0

Доброго времени суток дорогие друзья

Why is Ron DeSantis allowed to make money off a drug he is pushing in Florida Regeneron

In other words, speculative and smaller cap stocks are rising and boomer stocks are fading again. FUD.

of course there will be a cool down until further stimulus which you can be assure is on its way...

Join Chat 👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇

wow

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What an A.I.-based stock picker says about market risks as delta variant spreadsThe spread of the coronavirus delta variant poses the biggest threat to emerging-market economies, while a delayed “return-to-office” environment is a...
Source: MarketWatch - 🏆 3. / 97 Read more »

Astra stock drops after cutting short rocket launch, with next attempt expected in the coming daysAstra cut short its first launch attempt since the company went public, with the rocket's engines firing for a moment and then shutting down. thanks Oh a report ! CNBC always does this , I guess they paid for 2 tweets since CNBC is paid advertising 🤷‍♂️ but but but ClimateCrisis pay attention folks
Source: CNBC - 🏆 12. / 72 Read more »

Dollar stores are facing a 'tough ride' — but one stock may be close to bottoming outDollar General's post-earnings drop has led the stock to a key technical juncture, says Inside Edge Capital Management founder Todd Gordon. TradingNation wildfire is coming
Source: CNBC - 🏆 12. / 72 Read more »

Lauren Conrad Talks Motherhood & The Little Market Empowering WomenET spoke with Conrad and her The Little Market business partner, Hannah Skvarla, at the Celebrating Changemakers event on Friday.
Source: etnow - 🏆 696. / 51 Read more »