Market Factors: Citi’s post-selloff stock picks

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Plus, thoughts on what just happened in markets

Whew - well that was an interesting last few days in the market. Today I’ll offer up some potential stock buying opportunities after the big selloff - and provide some thoughts on what just happened.A currency trader rubs his eyes at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 5, 2019.Citi U.S.

When the summer began, the strategist found that unreasonable profit assumptions were widespread. Now, he believes expectations are broadly more reasonable. Risks of slower growth are rising, but so is the likelihood of Federal Reserve rate cuts. Easing inflation pressure and a less inverted yield curve also boost his fair value assumptions.

Companies where market-implied growth is most below five-year consensus profit growth include Applied Materials, Advanced Micro Devices, Docusign, ROBLOX Corp. and Alphabet.Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2024. There was volatility everywhere on Monday but in terms of real panic it seemed to be limited to the CBOE Volatility Index.

The show does not hold viewers hands as far as finance jargon goes and how deals work – it’s as accurate to what I remember of trading floors as I’ve ever seen. There’s an executive who cut his toenails at his desk in a disgusting I-can-do-whatever-I-want flex.

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