News Formal

Investor Sarat Sethi says don’t chase this rally, but you can buy these safe stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Sethi pointed to healthcare, consumer staples and commodities as reliable areas for investors.

Chasing the market higher is a bad idea right now, and investors should turn to safe-haven sectors instead, investor Sarat Sethi warned. "Inflation is coming down but is still embedded in our system," Sethi, managing partner at DCLA, said Thursday on CNBC's "Squawk Box." "I think as an equity investor, one needs to be really careful here and not chase some of these rallies, especially for stocks that are looking for lower discount rates.

Areas where you have pricing power and solid balance sheets," he said. Sethi highlighted major copper producer Freeport-McMoRan as a strong play. The stock has added 12.1% this year. Freeport's second-quarter results, posted in late July, beat the Street's expectations in revenue but fell slightly short in expectations for earnings per share. Haleon and pharmaceutical giant Johnson & Johnson were also mentioned by Sethi.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Top Tech Investor Reveals 5 Tech Stocks to Buy with Potential UpsidePaul Meeks, a top tech investor, plans to take advantage of the stock market dip by investing in tech stocks that he believes will perform well. He also highlights one undervalued small-cap tech stock that he considers a great opportunity.
ソース: CNBC - 🏆 12. / 72 続きを読む »