Rosenberg Research says energy storage and mining are ones to watch while home improvement retail and pharma slide
High sentiment continues to be embedded into S&P 500 valuations, implying future price gains will need to be backed by earnings upgrades. Therefore, we continue to recommend sticking to segments backed by earnings momentum instead of just price momentum and multiple expansion.. This has reversed the consistent downgrade trajectory these sectors have had over much of the past year.
Interactive media services: Similarly, strong earnings upgrades over the past three months and a solid growth outlook culminate in our overweight stance.: Despite a recent correction, automobile manufacturers’ forward EV/EBITDA remains at an 84th percentile, and a roughly eight per cent downgrade on 2025 earnings expectations fails to provide confidence, prompting our underweight stance.
Communication equipment: At odds with the rest of the technology stocks, this industry has been getting sharp downgrades .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Recession realities vs. market optimism - David RosenbergThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
David Rosenberg: Canada was once productive and competitive, but not todayMassive government spending is crowding out private-sector investment
Read more »
Gender and sex: Looking back on 100 years of 'the worst scientific research'In Fluid: Life Beyond the Binary, Mae Martin and historian Jules Gill-Peterson look back on milestones in the flawed (but still influential) history of gender science.
Read more »
Research in Thunder Bay may lead to new mineral depositsA Lakehead University team received $2 million to help advance the search for critical minerals
Read more »
Research in Thunder Bay may lead to new mineral depositsA Lakehead University team received $2 million to help advance the search for critical minerals
Read more »
University of Ottawa planning to build new medical research facilityThe University of Ottawa is proposing to build a new six-storey state-of-the-art medical research facility located at the Ottawa Hospital General Campus.
Read more »