For individual companies, these include high cash levels, low debt, and broad international business exposure. Over the long term, we expect the Tech sector to benefit from pervasive digitization across the economy, greater acceptance of transformative technologies, and the development of the Internet of Things (IoT): Healthy company and sector fundamentals are also positive. market and now accounts for more than 27% of the S&P 500. The Tech sector is the largest in the U.S. Through November 20, the sector was up 31% for the year, compared to a 10% gain for the S&P 500. The Technology sector has led the market recovery from the COVID-19 depths of March 2020. MNST,PTON,DINO,MRK,VRTX,K,SNAP,UTHR,TUP,T,SWX,LYFT,LLY,BBBYQ Here are the top-10 and bottom-five performers from the Argus Universe in 2Q. Concerning sectors, our current Over-Weights are Energy, Financial, Healthcare, Industrials, and Basic Materials. Investors seeking value are encouraged to focus on dividends and look for yields in the 3%-4% range. Will investors continue to favor value in 2022? Will high inflation drive continued outperformance in Energy and Basic Materials? Given interest rates that remain historically low, we expect growth stocks to resume outperformance over time, and think 2022 may be a "one-in-five year" that value leads. ![]() The average BUY-rated stock dropped 12.6%, while the average HOLD-rated stock fell 14.4%. The average stock in the Argus Universe of Coverage has declined 13.1% thus far during the quarter, and the median stock declined 12.5%. ![]() The leading sectors were value-oriented, including Energy, Consumer Staples, Basic Materials, and Utilities. Growth stocks have again been the weakest performers, as sectors such as Technology, Communication Services, and Consumer Discretionary all have lagged the major market indices. Absent the rally in recent days, the decline would be closer to 20%. Stocks have struggled in 2Q 2022, with the S&P 500 on its way to a double-digit drop for the period.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |