These 10 quality stocks are cheap and set to beat the market, Bernstein says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Bernstein compiled a list of quality stocks that are trading at a 'reasonable price.'

Investors looking for protection — and possibly even outperformance — this year will benefit from being more selective about the quality stocks they buy, according to Bernstein. The market has had a strong start to 2023, with all three major indexes up year-to-date. However, the potential of a recession and further interest rate hikes by the Federal Reserve have investors uncertain as to how long the rally can last . Against such a backdrop, investors would normally buy into high-quality stocks.

A forward price-to-earnings ratio looks at a stock's current share price, divided by its predicted earnings per share over the following 12 months. Shares of Microsoft gained more than 3% on Monday, bringing their year-to-date gains to nearly 15%. The company recently announced its new AI-powered Bing search browser last week, which has excited investors despite ongoing challenges in the PC market.

 

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

Business Business Latest News, Business Business Headlines