Credit Suisse is 'convinced' market now offers 'attractive value' and gave clients a buy list

With stocks rallying for a third straight day, and with the $2 trillion stimulus bill on its way to the House, Credit Suisse believes the worst of the market rout may now be over.

"We have become more confident that the economic fallout from this crisis can be contained to a sharp but temporary contraction, followed by a recovery later in the year," the firm said in a note to clients Wednesday. In expectation of a coming recovery, the firm said it's moving stocks to a small overweight position. "On a 6–12 month horizon, we feel convinced that equities offer attractive value," the note said.

Credit Suisse identified 10 investment ideas that offer upside amid the COVID-19 outbreak, including "edutainment" and health-tech names, as well as "bombed-out" high conviction stocks and defensive dividend stocks.

Pro Did the government forbid you ppl from reporting bad news lately lol? Grasping for positive straws all week...

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Best balance transfer credit cards for paying off debt in 2020 - Business InsiderBalance transfer cards help you pay down debt while avoiding interest thanks to intro APR offers. These are the best options.
स्रोत: BusinessInsider - 🏆 729. / 51 और पढो »

Boeing CFO says aerospace industry needs credit urgently, markets closed to new debtBoeing Co's chief financial officer said on Tuesday the U.S. aerospace indu... It makes sense..who in their right mind would lend now.
स्रोत: Reuters - 🏆 2. / 97 और पढो »