On Thursday, the stocks were struggling, there was no good news regarding COVID-19, and the optimism for vaccines has now run out.
As technology stocks rebound, this budding value transaction (buying hard-hit companies and they will benefit from a better economic era) is also showing signs of investor uncertainty. Of course, compared with those strong growth stocks, value trading has been tough for a decade.
Tobias Levkovich, chief US equity strategist at Citibank, told clients in a report that this time may be different. For example, he pointed out that the S&P 500 SPX is heavily weighted,
(35% now belong to the technology industry) Never experienced it in the past. He said investors may need to benefit from dividend-paying stocks, which “tend to reside in the value camp.”
The latter point is ours Call of the day Ben Kirby, co-head of investment and portfolio manager of Thunberg’s investment income promotion fund TIBIX, said that investors will need to enter dividend-yielding stocks until a year when technical returns may not be outstanding.
Kirby pointed out that due to the pandemic, the penetration rate of technology companies has been high. Kirby told MarketWatch in a recent interview: “As a result, during the COVID period, a lot of technology spending is accelerating, and we think this will drive a lot of demand that will take two to three years to achieve.” Therefore, by 2021, the industry The outlook will be more optimistic.
So what is his bet for 2021? First of all, he is keen on international stocks. He said that international stocks usually provide better dividends, such as the European telecom company Orange ORAN,
And Vodafone VOD,
Provide high single-digit dividends.
US products in the portfolio include JPMorgan JPM,
The year-to-date decline is about 17%, but it can still bring dividends, and Home Depot HD,
He said this is a drama about a “very strong” housing story and it will last a long time. And he does have a few technology stocks, but only where dividends may be paid-Taiwan Semiconductor TSM,
And Qualcomm QCOM,
read: What the COVID-19 vaccine means for mortgage interest rates and the housing market
Kirby said that buying some energy stocks will not hurt investors. “Fifteen years ago, it was the largest market and now it accounts for 2% or 3% of the market, so this is a very annoying small sector. As far as contrarian games are concerned, the world will use oil for a long time.” He Say. And those companies-his fund owns Total TOT,
-Of course, dividends must be paid.
Stock futures ES00,
Tilt to the south of the technology NQ00,
Bare teeth. European stock SXXP,
Mostly low. The Asian market is different from the Nikkei 225 NIK.
Oil prices are stable, and the International Energy Agency has lowered its 2020 demand outlook more than expected.
Followed by weekly and ongoing unemployment claims and consumer prices.
The biotechnology company Moderna MRNA said that the first batch of data from its late-stage COVID-19 vaccine test is ready for analysis.
New York joined a handful of states and introduced new restrictions to prevent the record infection and hospitalization rate in the second wave of the United States.
Profits of Chinese tech giant Tencent TME,
The third quarter increased by 89%.
Entertainment giant Disney DIS,
Will report after the market closes (see preview), and Cisco CSCO,
Analysts are not optimistic about the performance of the computer network equipment department. Software and data group Palantir PLTR,
The first profit since listing is also far ahead.
Two days after the technology giant Microsoft MSFT was released,
Released the latest Xbox, Sony’s SNE,
The PlayStation 5 console will be available on Thursday.
Federal Reserve Chairman Jerome Powell will attend a discussion with top bankers such as Eurozone Central Bank Governor Christine Lagarde at the European Central Bank’s Forum on Central Banks at 11:45 am Eastern Time meeting.
How do consumers feel these days? KeyBanc Capital Markets analysts conducted a survey of 1,000 Americans between October 14 and 26. This is the answer to one of their questions:
President Nancy Pelosi? A lawyer said that the current Speaker of the House of Representatives might do this.
This is another botched art restoration tragedy in Spain:
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