Hot stocks 2023: The year of investing dangerously

📆 12/1/2023 4:24 PM
📰 FinancialMail

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After the horror show of 2022, investment analysts are generally wary of market prospects in the year ahead. With much still up in the air, defensive stocks may be the way to go.

There won’t be too many investors on the JSE emerging from the wreckage of 2022 with broad grins and bulging purses.

It was a year to forget. The spectre of high inflation and a lingering recession was already enough to give investors indigestion, but after Russian President Vladimir Putin’s invasion of Ukraine in February, and China’s brutal response to Covid flare-ups, markets became a minefield...

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The only problem is that stocks of defensive companies are not defensive at all.

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