News Formal

Analysts are super bearish on these 13 global stocks and expect them to sink

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

CNBC Pro screened over 3,330 large and mid-cap global equities and identified the 13 stocks that analysts are most bearish toward.

Several investment banks are urging caution as the stock market continues its rally despite a worsening economic backdrop. Morgan Stanley earlier this month predicted that European markets would decline by 10% this summer. The Wall Street bank's chief strategist even warned that there are " signs of panic buying " among investors.

The telecom operator has reported significant subscriber losses to local upstart Reliance Jio over the years, with analysts citing high pricing, lack of investment and poor strategy. Now, as rivals transition to the new 5G network standard, Vodafone Idea has been unable to raise funds for the investment needed.

 

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 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.

Here are analysts' favorite regional banking stocks as sector recovers from its crisis lowsThese regional bank stocks have analysts bullish as the sector recovers from a liquidity crisis.
Source: CNBC - 🏆 12. / 72 Read more »