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...
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »