Wall Street has been hitting record highs: the Dow Jones Industrial Average recently topped 40,000 for the first time ever.City experts believe there is still plenty of money to be made on the ‘Street of Dreams’ – Wall Street – where so many fortunes have been won.These companies – Amazon; Google owner Alphabet; Apple; Instagram and Facebook group Meta; Microsoft; Nvidia and Tesla – have prospered thanks to the artificial intelligence boom.
But it may also be time to look elsewhere. A good starting place, according to experts, are these ‘Terrific 12’. Goldman Sachs says the stock’s underperformance this year makes it attractive to investors because they can buy in at a cheap price, and cash in as and when the shares recover. Significant investment from Washington is likely to bolster firms such as Synopsys, allowing investors to reap the benefits eventually.Thermo Fisher ScientificValue: £178bnGarry White believes life sciences group Thermo Fisher Scientific is a good bet without much risk.
It could prove better value for investors than Coca-Cola or Pepsi, according to Dan Coatsworth, investment analyst at AJ Bell. Shares have slipped in recent months, but experts now say it could be prime time to swoop as the group is expecting profits to edge higher this year. But Derren Nathan of Hargreaves cautions that the shares are already very highly valued. That means it is under a lot of pressure to deliver great results – and that spells possible volatility in the share price.Otis WorldwideValue: £32bnThe 170-year-old lift manufacturer Otis could take your portfolio to the next level, according to Garry White.
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