Investors who have been unsure about the Fed’s no-mercy inflation policy, have likely got the message now.
“Given today’s [Wednesday’s] downside reversal and a continued lack of any capitulatory signals, we think the path to the June lows might be faster than many anticipate,” BTIG’s chief market technician Jonathan Krinsky tells clients, though he dangles some hope. Still, Richard Kersley, head of global equity research and his team asked analysts across several regions to “identify companies whose earnings may not be immune to, but should be better shielded from economic uncertainty thanks to the high barriers to entry that surround their businesses.“
EMEA: Air Liquide AI , ASML ASML ASML , Assa Abloy ASSA.B , Coloplast COLO.B , Diageo DGE DEO , Edenred EDEN , Experian EXPN , Haleon HLN , Legal & General LGEN , LSEG LSEG , National Grid NG , Reckitt Benckiser RKT , Schneider SU , Sika SIKA , Smurfit Kappa SK3 , Wolters Kluwer WKL . The buzz Darden Restaurants DRI stock is falling on a same-store sales miss, with weakness in flagship restaurant chains like Olive Garden.
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