International stocks offer a host of opportunities for investors, says Schwab’s Jeffrey Kleintop

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Charles Schwab's chief global investment strategist believes low valuations for European stocks has created an attractive entry point for investors.

While the U.S. equities market is having a strong year, international stocks are the more promising investment play, according to Jeffrey Kleintop, Charles Schwab's chief global investment strategist. "International stocks are outperforming U.S. for the second year in a row, and I think the thesis behind that is the U.S. is really [centered] on seven stocks.

The "terrible" investor sentiment for international stocks has created a promising buy-in point for investors, said the strategist. He noted Germany, the regions largest economy and manufacturing powerhouse, is now undergoing a recession . The ongoing war in Ukraine, fiscal austerity measures and pandemic aftermath have dampened the performance of broader indices — but the average stock in Europe is doing better than in the U.S., the strategist said. "Expectations are very low.

 

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

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

‘American Fiction’ Review: Jeffrey Wright Takes on Narrow Ideas of Black Representation in Sharp Industry SatireIn Cord Jefferson’s idea-dense “American Fiction,” no one wants to publish literary professor Thelonious Ellison’s latest novel. Thelonious — or “Monk” to his friends — has delivered a modern rewor…
Source: Variety - 🏆 108. / 63 Read more »