Strategist says it's the 'last phase' of the bear market — and names 3 stocks to buy right now

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

This part of the bear market could get 'ugly,' says one chief investment officer. That's why he's recommending stocks that are 'boring' and 'recession-proof.'

Stocks are in the "last phase" of the bear market — and investors should look forward to the second half of 2023, one analyst says. "We're sort of in the last phase of the bear market," said James Demmert, chief investment officer at Main Street Research.

"And I think that the back half of this year is going to be where the opportunity lies. And I think smart investors make a list of great companies and get ready for that," Demmert added. Stock picks Demmert likes three stocks right now. One of them is pharmaceutical firm Novo Nordisk , which he says is "a good example of what you want to own in a bear market.

 

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

Paycom, Paycom and more Paycom. There’s the top 3.

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 CA

Canada Canada Latest News, Canada Canada Headlines

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

Up 31% over the past year, these overlooked stocks are just getting started, says strategistDefense stocks have beaten all comers over the past year, and as things get worse in the world, the outlook for these stocks can only get better.
Source: MarketWatch - 🏆 3. / 97 Read more »

It's time to turn to value stocks as rates rise: Goldman Sachs strategistIt's time to turn to value stocks such as energy and healthcare as interest rates keep rising, top Goldman Sachs strategist says Great idea - lets let investors decide if healthcare patients should pay till point of bankruptcy, so investors can make money. Energy? Let’s invite investors to support oil so green energy is stopped. Ohhh, maybe investors could just punch folks as they walk down the street.FFS
Source: BusinessInsider - 🏆 729. / 51 Read more »

US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market 'Death Zone' – Economics Bitcoin NewsOn Tuesday, the chief U.S. equity strategist at Morgan Stanley said the stock market is in a 'death zone' and could drop another 26%. Nice one, I only listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Brilliant, but using ChiefraFba for signals and analysis Ok cool, I only listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »