'Boring. That's the key': Investor recommends 6 big-cap stocks for another rocky year ahead

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Expect 'tremendous volatility' in 2023, says Michael Yoshikami, founder and CEO of Destination Wealth Management. He names six stocks for shelter.

The stock market has been extremely rocky this year, and market watchers aren't expecting that to change in 2023. "I think what people need to recognize is that there is going to continue to be tremendous volatility in the markets and there needs to be a catalyst out there to make stocks go up," Michael Yoshikami, founder and CEO of Destination Wealth Management, told CNBC's " Street Signs Asia " on Tuesday. But it's not all gloom and doom for investors.

" Stock picks While many investors shunned tech stocks this year, including the biggest names in the sector, Yoshikami has three Big Tech stocks among his top picks. He likes Apple for its expanding customer base, effective omnichannel sales and exposure to secular tailwinds. E-commerce giant Amazon makes his list too.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Boycott Tesla

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines