Wall Street downgrades European banks and names stocks to buy 'in case markets turn sour'

Wall Street is downgrading European banks after stresses in the sector led to the emergency merger of the two largest lenders in Switzerland. Simultaneously, investment bank Citi also upgraded the tech sector on the continent, saying they preferred "quality growth" in the face of lower growth rates and deteriorating fundamentals. In a note to clients on Mar.

The bank's strategists said — in a report titled "A dozen stocks in case markets turn sour" — their list of 12 buy-rated stocks would prove resilient during broad market sell-offs. The list includes companies such as Nokia , Sodexo , and SAP among others that strategists at Deutsche Bank Research said could outperform broader markets during recessionary environments.

I’ve always seen great potential in $Fubo, that’s great.

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.

Bets on Wall Street 'fear gauge' could rattle U.S. stocks after Wednesday Fed decisionA large slug of option contracts tied to the Cboe Volatility Index are set to expire on Wednesday, which could potentially amplify stock-market volatility on... 322
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall Street is thirsty for its next big investment opportunity: The West’s vanishing water“These companies aren’t buying up plots of land because they want to farm here and be a part of the community, they’re buying up land here for the water rights.”
Source: mercnews - 🏆 88. / 68 Read more »