Why investors should buy 3 fixer-upper stocks and stick with 3 others set to soar

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

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Despite an uncertain macroeconomic backdrop, stocks have largely outperformed in 2023.

The S & P 500 is up 13.99% year-to-date, while the tech-heavy Nasdaq Composite has surged 30.9% in the same period. In this context, we've taken on the bears of late — and been vindicated by a recent pullback in bond yields that had weighed on stocks. The yield on the closely-watched 10-year Treasury has come down to around 4.6%, from more than 4.8% last week, while the S & P has climbed roughly 3%.

At the same time, we're concerned that Oracle paid too much for Cerner — an electronic medical-records company acquired for $28.3 billion in 2022 — but think the deal could still work if Oracle were to harness its AI potential. "That said, I believe Oracle is the lowest price to earnings multiple hyperscaler, which makes little sense given the intellectual firepower and the work Larry has done with AI already," Jim said.

 

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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines