Large-capitalization stocks with high international revenue in the S&P 500 index have been outperforming domestically oriented companies as a better-than-feared economic backdrop in Europe and China’s recovery from the coronavirus pandemic has fueled optimism about non-U.S. equities, said a strategist at RBC Capital Markets.
Large-cap companies with high international revenue exposure have only been seeing “modest” downward earnings per share revisions, which represents an improvement from 2022, when these stocks experienced the rate of upward revisions fall sharply to around 20%, said Lori Calvasina, head of U.S. equity strategy of RBC Capital Markets, in a Monday note .
“It’s fair to say that the high international bucket has been more de-risked from an earnings perspective, and that the domestic cohort is yet another former leadership area that is finally taking its lumps,” wrote Calvasina. “After an extended period in which domestic names outperformed, the high international bucket has been outperforming over the past few months including early 2023 trading.”
China on Monday reported 3% GDP growth for 2022, the second slowest pace since the 1970s but beat markets’ expectations. China’s Vice-Premier Liu He on Tuesday said the country welcomed foreign investment and projected that the world’s second-largest economy will “normalize” as Covid-19 restrictions ease after three years of pandemic isolation.
Yeah, like those investments in Russia. Put your money in the US. Liberty and capitalism will win.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Stock market outlook: S&P 500 could swing 20% on the way to 4,200The S&P 500 could see a 20% swing and reach 4,200 this year as the market weathers a mild 'economic malaise,' says Wells Fargo stock strategist Show me his position otherwise it's BS. harrassment Brian Evans
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »