This fund manager says a bull market might be on the horizon — and names her top stock picks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

U.S. stocks are posting smaller gains this month, as market sentiment turns more bearish. But fund manager Barbara Doran is taking a contrarian view.

Stock markets seem to be slowing after a strong start to the year. The S & P 500 is up about 1.5% in February, down from a 6.2% gain in January. And the tech-heavy Nasdaq Composite and blue-chip Dow Jones industrial Average tell a similar story. What's cooling the market? The prospect of sticky inflation and more interest rate hikes, as well as " rolling recessions ," among other things.

"If you're a long-term investor, you stick to your guns and you wait for opportunities in names that may have gotten too expensive," she said. Stock picks One of Doran's top stock picks is Uber — and she's given the stock upside of between 25% and 50%. The ride-hailing giant is a "global leader" in two "secular growth areas" — ridesharing and food delivery — and has gained market share in both, according to Doran.

 

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

Just buy Bitcoin and some NFTs. Everything will be alright.

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