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☆ JPMorgan says the market is about to get tricky, buy utilities and staples stocks starting to outperform
▼ + stars: | 2024-05-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Strategist Mislav Matejka said equities are coming up against a seasonally weak period and advised investors buy traditionally defensive stocks such as utilities and staples. "The latest market move to a more Defensive trading should have legs, such as recent outperformance of Utilities and Staples." "We continue to believe that will happen irrespective of bond yields direction from here, alongside a more positive performance of commodity sectors - Energy and Mining," he said. XLU 1M mountain Utilities Select Sector SPDR Fund (XLU) Utilities have outperformed quarter to date, while most other sectors have shown weakness. The Utilities Select Sector SPDR Fund (XLU) advanced 4.7% this quarter, making it top performing sector in the S & P 500.

Persons: Mislav Matejka Organizations: JPMorgan, Stocks, Dow Jones, Nasdaq, Utilities, Staples, Energy, Mining, NRG Energy, NextEra Energy, Communication

☆ Why European stocks may soon start to outperform US equities, according to JPMorgan
▼ + stars: | 2024-03-18 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

There are five reasons why European stocks may soon start to outperform US equities, according to JPMorgan. According to JPMorgan, European equities may soon outperform their American peers. Even though European stocks are also susceptible to a hiccup because of increasingly hyped-up trades, the firm says fallout would be much worse in the US stock market. Third, the Citigroup Economic Surprises Indices shows that European economic activity momentum has begun moving above that of the US. AdvertisementLastly, JPMorgan sees an improving economic picture in China, which is a green flag for export-heavy European markets.

Persons: —, Mislav Matejka, There's Organizations: JPMorgan, Service, outstripping, MSCI, Citigroup, European Central Bank, ECB Locations: China

☆ Apple's EV exit shows the challenges of the once red-hot market
▼ + stars: | 2024-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

The ending is abrupt, but Apple's EV ambitions weren't easily realized. AdvertisementNurPhoto/Getty, Tyler Le/BIApple's departure shows how challenging the once red-hot EV market has become. In the long run, Apple's exit could even be spun as a win for the EV market. Less competition is rarely good, but some of Apple's employees could land at rival EV makers, providing a much-needed boost. OpenAI fires back at The New York Times.

Persons: Donald Trump, Nikki Haley, Tyler Le, Aaron Mok, weren't, Elon Musk, That's, Rivian, Spencer Platt, Mislav Matejka, Morgan Stanley's, Ellen Zentner, Zentner, Jamie Dimon, he's, Slaven, Jenny Chang, Rodriguez, Satya Nadella, It's, Reddit, isn't, Wendy's, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Republican, Apple, Bloomberg, Tesla, EV, Getty, Elon, Google, Microsoft, The New York Times, Times, Paramount, HP Locations: Michigan, China, New York, London

☆ JPMorgan reveals its favorite European stock picks — giving one over 93% upside
▼ + stars: | 2024-02-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +1 min

JPMorgan uncovered several top European stocks it says offer substantial upside potential — as well as some "unattractive" names — right now. The bank is underweight on the euro zone, given that its "Growth-Policy trade-off" is "likely to deteriorate further." Nevertheless, JPMorgan sees pockets of opportunity in the European market. Here are five stocks from its list of "top European picks" which stand out for having substantial upside potential, according to FactSet's consensus price targets: 'Unattractive stocks' JPMorgan also revealed its list of "unattractive stocks" from a sector it's underweight on — banking. Stocks named as " unattractive" include Lloyds Banking Group , BNP Paribas , Svenska Handelsbanken AB and Bank of Ireland Group .

Persons: Mislav Matejka, Banks, Stocks, — CNBC's Michael Bloom Organizations: JPMorgan, Lloyds Banking Group, BNP, Svenska Handelsbanken, Bank of Ireland Group

☆ JPMorgan nailed its 2023 forecast for European stocks. Here’s its 2024 call
▼ + stars: | 2023-12-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

JPMorgan predicts European stock markets will struggle to produce positive returns next year as investors digest slowing economic growth across the continent. The forecast for 2024 comes from the same team of strategists that have, so far, accurately called the MSCI Eurozone's performance this year. They expected the index to rise 9.1% to close at 256 points by the end of December 2023 on a local currency basis. "We look for flat European [earnings per share] growth in 2024, based on no recession materializing," said JPMorgan strategists led by Mislav Matejka in a note to clients on Nov. 29. The JPMorgan strategists believe stocks will sink in the first half of 2024 as markets factor in potential downward adjustments to earnings estimates.

Persons: Mislav Matejka, CNBC's Michael Bloom Organizations: JPMorgan, FTSE

☆ JPMorgan strategists advise opening a short in European banks, upgrade healthcare
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ralph Orlowski/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - Strategists at JPMorgan have advised opening a 'short' position in European banks, and moved the sector from 'neutral' to 'underweight', they said in a note published on Monday. "If the bond yields are in the process of peaking this quarter, as we suspect ... then Banks could start to struggle," JPM strategists, led by Mislav Matejka, said. European banking shares have been some of the best performing in Europe in 2023, with the STOXX Europe 600 Banks Index (.SX7P) rising almost 8% year-to-date versus a 1% for the broader STOXX 600 (.STOXX). JPM "used the funds" to upgrade the healthcare sector from 'neutral' to 'overweight', saying the sector could benefit from "higher U.S. dollar exposure, low beta and the long duration angle". The STOXX Europe 600 Healthcare Index (.SXDP) is down around 0.4% year-to-date having touched its lowest level in seven months on Friday.

Persons: Ralph Orlowski, Banks, Mislav Matejka, Samuel Indyk, Alun John Organizations: Deutsche Bank, REUTERS, JPMorgan, Banks, Thomson Locations: Frankfurt, Germany, Europe

☆ JPMorgan says the peak in yields is near, but it won't be good for stocks
▼ + stars: | 2023-10-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A peak in bond yields may be near but that's not necessarily good news for equity investors, according to JPMorgan. Mislav Matejka, head of global and European equity strategy at JPMorgan, expects bond yields will soon fall after their recent rise. For bond traders, that could be an opportunity to position for a long duration trade, Matejka said. "The move up in bond yields might not be sustainable; our fixed income team is looking for yields to fall from current levels in most places." "If bond yields roll over, will it help equity valuations?"

Persons: that's, Mislav Matejka, Matejka Organizations: JPMorgan, Treasury, Federal Reserve, Traders, Equity, U.S Locations: U.S, Japan, Europe

☆ High oil prices don't make Europe energy stocks attractive to all
▼ + stars: | 2023-09-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +4 min

The STOXX 600 European oil and gas index (.SXEP) is at its highest since mid-February, having gained around 13.5% in the past two months. In the same period, benchmark Brent crude has risen 18% and European natural gas prices have gained 50%. He said higher oil prices could prompt upgrades to earnings estimates, and potentially dividends too. "The whole energy sector should benefit, but the downstream sector is looking very cheap and offers a high dividend which is attractive given higher interest rates," said Cau. Bank of America strategists have an underweight rating on European energy stocks.

Persons: Heinz, Peter Bader, Brent, Mislav Matejka, Morgan Stanley, Emmanuel Cau, Andreas Bruckner, Lucy Raitano, Amanda Cooper, Miral Organizations: REUTERS, Brent, Reuters, JPMorgan, Barclays, Bank of America, Thomson Locations: Zistersdorf, Austria, Saudi Arabia, Russia, China

☆ JPMorgan says this sector is in 'pole position' — and names 5 global stocks set to outperform
▼ + stars: | 2023-08-07 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

Analysts at JPMorgan named five global stocks in a sector they described as being in "pole position," following the Federal Reserve 's latest rate hike. We address which sectors typically lead in the aftermath of the last Fed hike, Staples and Healthcare are in pole position," the analysts led by Mislav Matejka stated in a July 31 note to investors. The bank gave French food manufacturer Danone an estimated 6% earnings per share (EPS) growth for 2024, and Swiss competitor Nestle 8% for the same period. Dutch retailer Ahold Delhaize is also a staples sector pick, with 7% estimated EPS growth for 2024. Budweiser brewer Anheuser-Busch InBev was named by JPMorgan too, with the bank estimating EPS growth of 18% for next year.

Persons: Mislav Matejka, CNBC's Michael Bloom, Jeff Cox Organizations: JPMorgan, Federal, Fed, Staples, Healthcare, Danone, Nestle, Tesco, Budweiser, Anheuser, Busch InBev Locations: Swiss

☆ JPMorgan reveals its 'pecking order' for the second half including these high-yielding global stocks
▼ + stars: | 2023-07-10 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

JPMorgan has named a raft of European stocks it described as having high yields, strong balance sheets and safe dividends, such as BT Group , Bayer and Sainsbury's . In a July 3 note detailing its outlook for the second half of the year, analysts led by Mislav Matejka stated: "Our pecking order for 2H is: bullish on Staples, Utilities, Telecoms and Healthcare, European Energy could hold up well." The bank said international markets had outperformed the U.S., adding that it sees a "significant valuation discount in International vs US stocks." Its European Sustainable yield basket — made up of 40 "high- and sustainable-yielding European stocks, with safe dividends and strong balance sheets" — include stocks across the bank's preferred sectors. JPMorgan also chose a number of "cheap" global sectors it expects to outperform, including telecoms, energy and staples.

Persons: Mislav Matejka, JPMorgan's, J Sainsbury, Banks, Michael Bloom Organizations: JPMorgan, BT Group, Bayer, Sainsbury's, Healthcare, European Energy, International, Novartis, Sanofi, Telefonica, Telia Locations: Staples, Utilities, Swiss, Norwegian, Spanish, Swedish, Europe

☆ JPMorgan names 'cheap' global sectors set to outperform — here are some of its stock picks
▼ + stars: | 2023-07-07 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

JPMorgan listed a number of global sectors it says have cheap valuations and "overweight" ratings — referring to the industries it expects to outperform over the next six to 12 months. In a July 3 research note to investors, it picked European telecoms as a "cheap" sector that it is overweight on. In its European "value" basket, telecoms companies included Vodafone and Nokia , while its European "growth" basket included Dutch firm KPN . Energy stocks in JPMorgan's European value basket included Repsol and Siemens Energy , and it included Finnish oil refiner Neste and Norway-based Equinor in its European growth basket. Staples in its European value basket included British grocer Tesco and Swiss chocolate company Lindt & Spruengli .

Persons: Mislav Matejka, Nephew, — CNBC's Michael Bloom Organizations: JPMorgan, Vodafone, Nokia, Energy, Siemens Energy, Staples, Tesco, Banks, WPP, Diageo, GSK, Smith, Prudential, Standard Chartered Locations: Norway, Swiss

☆ The chief investment strategist at a $540 billion firm explains why the stock market may have already bottomed for the year — and why he sees opportunity in the market's most beaten-down names
▼ + stars: | 2023-03-01 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Wes Crill believes the stock market may have already bottomed, according to historical precedence. In the long term, he's bullish on value stocks once again taking the reigns as market leaders. "In fact, the average return for value stocks was a little bit higher in periods where the overall stock market was positive." Across Wall Street, Crill's not the only one with a longer-term overweight towards value stocks. Instead, he says investors should stick to what history dictates works best: value stocks over a long time horizon.

☆ CNBC Daily Open: Stocks rebound from their worst week this year — but analysts aren't optimistic
▼ + stars: | 2023-02-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets pulled back from their lows of last week and managed to stage a rebound. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Stocks rebound as Treasury yields dip, but analysts aren't optimistic
▼ + stars: | 2023-02-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Regardless of what happens, analysts from JPMorgan's Mislav Matejka to Morgan Stanley's Mike Wilson aren't too optimistic. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Investors, get ready to shift back to growth stocks as economic conditions shift and yields peak, JPMorgan says
▼ + stars: | 2023-02-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

JPMorgan says investors should prepare to dump value stocks as bond yields peak in this year. The bank said the dynamic that boosted value stocks last year may be upended by the second half of 2023. Strategists downgraded value versus growth stocks, but say value is still more attractive long term. Analysts downgraded value versus growth from overweight to a neutral, as the bank expects the group to underperform in 2023. Still, the cheaper value stocks are still more attractive over the long term, the bank analysts said.

☆ More volatility, possible correction ahead for global stock markets: Reuters poll
▼ + stars: | 2023-02-23 | by ( Hari Kishan | ) www.reuters.com time to read: +5 min

SummarySummary Companies poll datahttp://tmsnrt.rs/2nHJiJ9https://tmsnrt.rs/3EwxtMLhttps://tmsnrt.rs/3EwgwloBENGALURU, Feb 23 (Reuters) - Volatility in global stock markets is not yet over, as more investors reckon interest rates will likely stay higher for longer, according to a Reuters poll of equity analysts, a slight majority of whom expected a correction within three months. "Valuations are stretched across equity markets after the rally year-to-date. The Feb. 10-22 Reuters poll of more than 150 strategists, analysts and fund managers covering 17 global stock indices, found 56% were expecting a correction in their local market in the next three months. Latam stock markets will have a relatively better year with Mexican stocks expected to advance 6.7% to 57,500 points and Brazil's Bovespa stock index predicted to gain 14.5% to 125,000 points by year-end. (Other stories from the Reuters Q1 global stock markets poll package:)Reporting by Hari Kishan and Sarupya Ganguly; Additional reporting and polling by correspondents in Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo and Toronto; Editing by Ross Finley and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ POLL Global stocks to correct in short term as inflation weighs
▼ + stars: | 2023-02-23 | by ( Hari Kishan | ) www.reuters.com time to read: +4 min

Summary poll datahttp://tmsnrt.rs/2nHJiJ9BENGALURU, Feb 23 (Reuters) - Global stock markets are expected to correct in the next three months as investors digest the fact that interest rates are likely to stay higher for longer, according to a Reuters poll of equity analysts. The poll showed a majority would fall short, or just about recoup their 2022 losses by the end of the year. Stocks have rallied about 20% in recent months and some strategists say that the market has gone too far. "Valuations are stretched across equity markets after the rally year-to-date. A stronger 70% majority of analysts, 57 of 82, expected value stocks to outperform growth stocks this year.

☆ JPMorgan says Q1 could mark high point for stocks in 2023, sees warning signs mounting
▼ + stars: | 2023-02-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Don't expect the market's early 2023 momentum to last, JPMorgan Chase warned. The S & P 500 is up more than 6% since the start of the year, recovering some of the lost ground from 2022. Further gains will be harder to come by as warning signs continue to mount, JPMorgan strategist Mislav Matejka said in a Monday note. The Fed hiked rates at its Jan. 31-Feb. 1 meeting by 25 basis points, down from 50 basis points at its December meeting. Subramanian upgraded materials to overweight from underweight and communication services to market weight from underweight.

☆ Shares steady, dollar dips as US holiday lifts rates gloom
▼ + stars: | 2023-02-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

With U.S. markets shut for the Presidents' Day holiday, non-U.S. assets got some respite from the relentless pressure of last week. "Until recently, the market debate was all about soft-landing or hard-landing, recession or no recession. PEAK-A-BOOMoney markets show investors expect U.S. rates to peak at around 5.3% by July, with a quarter-point rate cut possibly materialising by December. The dollar nudged lower against a basket of major currencies, but was noticeably down against so-called commodity currencies, including the Australian dollar , which rose 0.5% and the Canadian dollar , which gained 0.1%. China's offshore yuan rose 0.1% to around 6.865 to the dollar after Beijing kept interest rates steady as expected, having poured liquidity into the banking system in recent days.

☆ Shares gain as U.S. holiday interrupts interest-rate reality check
▼ + stars: | 2023-02-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 17, 2023. But, with U.S. markets shut for the Presidents' Day holiday, non-U.S. assets got some respite from last week's relentless pressure. The MSCI All-World index (.MIWD00000PUS) rose 0.1%, helped by modest gains in Europe, where the STOXX 600 (.STOXX) also rose 0.1%, skirting Friday's one-week lows. They said the failure of the S&P 500 to break resistance at 4,200 could unleash a retreat to 3,800 by March 8. In addition, the Fed's preferred measure of inflation, the core personal consumption expenditures index (PCE), lands on Friday.

☆ Shares edge up as U.S. holiday interrupts interest-rate reality check
▼ + stars: | 2023-02-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 17, 2023. But, with U.S. markets shut for the Presidents' Day holiday, non-U.S. assets got some respite from last week's relentless pressure. They said the failure of the S&P 500 to break resistance at 4,200 could unleash a retreat to 3,800 by March 8. In addition, the Fed's preferred measure of inflation, the core personal consumption expenditures index (PCE), lands on Friday. Additional reporting by Wayne Cole in Sydney; Editing by Shri Navaratnam, Christian Schmollinger and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

☆ Tech's on a roll. But some market pros aren't convinced
▼ + stars: | 2023-02-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

Bill Smead, chief investment officer at Smead Capital Management, for example, says it has the hallmark of a bear market rally. "We believe that enthusiasm for aggressive technology-oriented stocks in the last couple of months is exactly what you get in a bear market rally. Whether it be Tesla or any of the aggressive growth stocks, they are in a bear market rally and they are going to try to convince people that the bear market is over. "And that's what a bear market rally looks like it. JPMorgan has also turned more bearish on the tech sector, just months after it turned positive on the sector in October.

☆ Here's why Carlyle Group's Rubenstein says now is a good time to invest
▼ + stars: | 2023-01-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

The worst of the bear market appears to be over and investors should look at getting back into stocks, David Rubenstein of the Carlyle Group said Wednesday. "The best time to invest is when there's some uncertainty or when the economy seems to be a little bit nervous in terms of where it's going," Rubenstein said. "It's a good time to invest now, because I think the market is not going to see another 20% drop in public prices," he added. "I think that is probably past us, and I think we're probably coming back to the point where people are going to feel comfortable investing." Stocks have risen to start the year, with the tech-heavy Nasdaq Composite up 6% in 2023.

☆ JPMorgan says take profits on this rally as it will start to fade in the first quarter
▼ + stars: | 2023-01-17 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Strategist Mislav Matejka said in a note to clients on Monday that the solid start to 2023 for stocks will quickly prove to be a mirage. "We believe that the current market rally will start fading as we move through Q1 ... Potential curveballs could come from the Fed, politics, disinflation phase not progressing smoothly, weaker earnings, weaker capex and renewed rollover in activity momentum," Matejka wrote. .SPX YTD mountain The stock market is off to a solid start in 2023. "The market is behaving as if we were in an early cycle recovery phase, but the Fed has not even concluded hiking yet.

☆ Wall Street's biggest banks say Amazon is still a screaming 'buy' despite its ugly earnings results. Here's why, and where they see future growth coming from.
▼ + stars: | 2022-10-31 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The company's share price has dropped by more than 15% since then. Amazon's third-quarter earnings disappointed investors on Thursday, sending the company's stock into a tailspin. What's Wall Street saying? Outcry over grueling and unsafe working conditions from employees has not tipped the scale for shareholders or Wall Street analysts. His firm holds Amazon stock.

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