These stocks are poised for a comeback if inflation peaks, Jefferies says

A slowdown could be on the horizon, and analysts are predicting more earnings downgrades. Throw in a possible peak in inflation, and that mix of factors could favor a certain category of stocks. Skyrocketing inflation has underpinned the U.S. Federal Reserve's hawkish tilt, said Jefferies in a July 29 research report. But a recent decline in commodity prices is bringing relief to the market on expectations of a peak in U.S. consumer prices, the bank said.

"With rate rises still set to slow economic growth, and shrinking PE dispersions, quality stocks will be back in favour," Jefferies added. In July, markets saw the first round of earnings downgrades, led by the United States and Asia. Most major sectors are now facing cuts in consumer services, utilities and tech hardware, Jefferies said.

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‘Travel Is On Fire’: Uber, Lyft Stocks Surge As Americans Splurge Despite Skyrocketing InflationUber's bookings hit a record $29.1 billion in the second quarter—shares are surging 14%. UberIndia Uber one of the worst services in india pathetic stinky interior n drivers; instead of upgrading the services they jelled into the system in India More like 'I still need to get back and forth to work' FYI Uber surged because their ER was good. Lyft is running as sympathy.
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