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☆ A top fund manager who's beaten 99% of competitors over the past 5 years shares the investing strategy that led to his success — and 7 of his favorite value stocks right now
▼ + stars: | 2023-01-13 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Eli Salzmann's Neuberger Berman Large Cap Value Fund has beaten 99% of peers in the past five years. Here are seven stocks that Salzmann loves right now, even if the economy weakens. Value stocks have been in vogue for the past year or so, but in the decade before that, investors only seemed to care about growth stocks. The two indexes were weighed down by lagging value stocks, but still managed to fetch returns 316% and 240%, respectively. During that time, many value fund managers drifted toward growth names, said Eli Salzmann, the portfolio manager of the Neuberger Berman Large Cap Value Fund (NBPIX), in a recent interview with Insider.

☆ Buy these 15 high-quality stocks that will beat the market as a recession strikes in the next 6 months, according to Bank of America
▼ + stars: | 2023-01-12 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Bank of America sees limited gains for US stock indexes in 2023 as a recession begins. Inflation could also stay high for longer than expected, which would hurt growth stocks. He believes that the growth stocks that led the market in the previous decade will take a backseat to value names and smaller stocks in the coming years, especially if inflation persists. Since indexes like the S&P 500 are disproportionately weighted towards large growth stocks, such a shift could lead to rough years for benchmarks and funds that track them. "History suggests flat, volatile returns for crowded, large cap benchmarks," Woodard wrote.

☆ Chart patterns suggest that these 6 investments are about to rocket higher while the rest of the market struggles in 2023, according to a veteran chartmaster
▼ + stars: | 2023-01-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The S&P 500 has more downside than upside at current levels, according to chartmaster David Keller. US stocks are off to a promising start in 2023 and look poised for a solid rebound after a difficult 2022, according to David Keller, the chief market strategist at StockCharts.com. The S&P 500 is in a long-term downtrend and is currently range-bound, as evidenced by its lower highs and higher lows. David Keller, StockCharts.comThe S&P 500 has traded between 3,800 to 4,100 since late October and will be stuck in that range for the next month or two, Keller said. But while monetary policy tends to steal the headlines, Keller believes technical resistance remains just as big of an issue for investors.

☆ A senior strategist at UBS Global Wealth Management says that stock losses are just getting started. Here's when the pain will end and a recovery will begin — and 6 ways to protect your money in the m
▼ + stars: | 2023-01-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Nadia Lovell, a senior US equity strategist at UBS Global Wealth Management, is wary of stocks. Nadia Lovell of UBS Global Wealth Management has a knack for nailing stock market calls. In mid-August, the senior US equity strategist warned that the latest stock market rally couldn't be trusted. Markets are currently expecting 5% earnings growth in 2023, but should instead brace for an earnings recession, Lovell said. "And so we find it difficult to see that we get earnings growth this year.

☆ Goldman Sachs: These 40 stocks have at least 34% upside right now while the rest of the market struggles for gains in 2023
▼ + stars: | 2023-01-07 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Goldman Sachs sees limited upside for the S&P 500 in 2023 as earnings stay flat. Here are 40 stocks that Goldman Sachs analysts believe have the most upside right now. US stocks got off to a choppy start in the first week of 2023, and Goldman Sachs thinks the volatility is only just getting started. But even modest gains are no guarantee this year, given that Goldman Sachs is also calling for flat earnings growth. 40 high-upside stocks to buyHowever, Goldman Sachs still sees attractive investing opportunities in this turbulent market.

☆ Buy these 10 top tech stocks before the sector rises 20% this year by cutting costs and crushing low expectations, according to Wedbush
▼ + stars: | 2023-01-06 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Technology analyst Dan Ives of Wedbush Securities is still bullish on the tech sector in 2023. Here are Ives' favorite 10 tech stocks to own right now. But instead of unloading tech stocks, Ives believes that now is the time to pounce. Lower costs and resilient revenue will help tech companies top a relatively low bar for estimates, Ives wrote. 10 top tech stocks to buy in 2023While Ives is bullish on tech broadly, he sees some industries within the sector as especially enticing.

☆ Veteran economist David Rosenberg said there's 'not a snowball's chance in hell' that he'll get bullish on US stocks until this key event happens — and he's investing in these 6 assets in the meantime
▼ + stars: | 2023-01-05 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"The theme for 2023 is not recovery," Rosenberg said in a recent interview with Insider. But Rosenberg believes that the biggest sign that stocks can recover will be a bond market rally. "I think that there's not a snowball's chance in hell that we will get a bottom in the stock market without there being in advance a rally in the bond market," Rosenberg said. Rosenberg continued: "Bond yields have to come down to reestablish the equity risk premium. Outside of stocks, Rosenberg said he recommends a barbell of gold bullion and bonds.

☆ Here's where to invest to protect your portfolio against a recession in 2023, according to Goldman Sachs, JPMorgan, and 9 other Wall Street giants
▼ + stars: | 2023-01-04 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Top investment firms see plenty of risks to stocks and the economy this year. Here are the investment strategies Wall Street recommends following in 2023. Investors are hoping that 2023 will be a better year for markets after stocks disappointed to the downside in 2022, but Wall Street isn't convinced. Three firms think the S&P 500 will hit a ceiling at 3,900, while only one sees downside to 3,400. Below is a summary of views about stocks and the economy from each firm that Insider polled, as well as where they recommend investing in 2023.

☆ Goldman Sachs: Buy stocks in these 15 emerging market countries that are set to outperform the US as earnings weaken in 2023
▼ + stars: | 2023-01-04 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Stocks in the US and emerging markets struggled in 2022 as global growth slowed. Goldman Sachs is more optimistic about emerging markets than US names in 2023. The difficult backdrop is causing some investors to consider equities in emerging markets. 15 top emerging markets in 2023Caesar Maasry, the head of emerging markets cross-asset strategy at Goldman Sachs, listed expected 12-month returns for stocks in 23 different emerging markets countries. Each country is listed in alphabetical order along with its index, an exchange-traded fund (ETF) that tracks it, and expected earnings growth and total returns by currency in the next 12 months.

☆ UBS: Buy these 23 top-rated stocks in 2023 that can survive historically weak growth
▼ + stars: | 2023-01-03 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

UBS has a 2023 S&P 500 target of 3,900 and is calling for the slowest global growth in decades. Here are 23 stocks that UBS analysts are most bullish on heading into 2023. UBS may be one of the most pessimistic firms on Wall Street heading into 2023, but the firm's analysts have still found nearly two dozen stocks that appear to be attractive investments right now. 23 stocks to buy in 2023Below are the 23 buy-rated stocks that UBS analysts are most bullish on in 2023. They're listed in alphabetical order along with their ticker, sector and industry, price target from UBS, upside to that price target as of January 3, and thesis from the analyst who covers it.

☆ Here are the 7 most important trends to watch in a highly volatile 2023, according to the chief strategist at Interactive Brokers
▼ + stars: | 2023-01-03 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Strategist Steve Sosnick is cautious heading into 2023 since interest rates are still high. A policy pivot from the Federal Reserve would jumpstart stocks, but Sosnick isn't counting on it. Here are seven top trends in markets and the economy that Sosnick is watching right now. Unlike many of his peers, Interactive Brokers' strategy chief Steve Sosnick doesn't spend his time predicting where stocks will go or recommending where to invest. In a recent interview with Insider, Sosnick gave his take on each and shared where he thinks his peers are right or wrong.

☆ Here are the 6 stock market sectors that Wall Street's top firms are most bullish about in 2023
▼ + stars: | 2023-01-02 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Ten top investment firms see opportunities across sectors heading into the new year. Five of the six sectors that Wall Street is most bullish on beat the market in 2022. In 2022, the only stock market sector that finished the year in positive territory was energy, which rose nearly 58%. Insider gathered a list of sector recommendations from 10 investment firms heading into 2023 and found that there are six sectors that at least four of the firms are bullish about. Below are Wall Street's favorite sectors for the next 12 months, along with which firms are optimistic or pessimistic about them, the consensus thesis for the sectors, and commentary about the analysts' views.

☆ Here's what to expect from stocks and the economy in 2023, according to Goldman Sachs, JPMorgan, and 9 other top Wall Street firms
▼ + stars: | 2022-12-27 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Here are 11 top investment firms' views on what's next for stocks and the economy in 2023. Even Wall Street's biggest bears didn't predict how disastrous 2022 would be for stocks and the economy. Heading into this year, the lowest S&P 500 price target among top investment firms was 4,400, which was set by long-time bear Mike Wilson of Morgan Stanley. The firms had 2023 year-end S&P 500 price outlooks ranging from 4,500 (an 18% gain from the current level of about 3,800) to as low as 3,400 (a nearly 11% loss). Below is the S&P 500 forecast, stock market outlook, and economic outlook from each of these major Wall Street firms, ranked from highest S&P 500 price target to lowest.

☆ Here are the 4 best investing opportunities in 2023, according to the investment chief at Goldman Sachs' $1.8 trillion asset management arm
▼ + stars: | 2022-12-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Goldman Sachs is expecting weaker growth in 2023 as interest rates stay elevated. Here's why the firm is optimistic about emerging markets and willing to invest in China. Instead, the investing chief at GSAM prefers emerging markets equities and debt in 2023. "It's had the trifecta of rising US rates, strong US dollar, and weaker growth," Shah said. Within emerging markets, Shah is most bullish on stocks in Asia, specifically India and China.

Most of the top funds have focused on value stocks or income — or both. Insider spoke with the top fund managers to hear about their strategies and favorite stocks. 2022 was a year when simply achieving a positive return in the stock market was an accomplishment. But there's a small cohort of stock pickers that hasn't just survived 2022 but has also thrived in it. Below are the 10 best funds of 2022, listed in descending order by performance as of November 30, along with their managers' strategies and favorite stocks.

☆ Here are the 7 investments the top-ranked inflation fund on Morningstar used to hedge against higher prices this year — and how the portfolio will change as inflation peaks in 2023
▼ + stars: | 2022-12-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The AXS Astoria Inflation Sensitive ETF is the top-ranked inflation fund of 2022. Greg Bassuk of AXS Investments shared how his firm invests with inflation high. It's hard to imagine a better first year than the one the AXS Astoria Inflation Sensitive ETF (PPI) just had. But Greg Bassuk, CEO of AXS Investments, is confident that his firm's fund can continue to provide solid returns as inflation stays higher than normal — even if the rate starts to slide. That means that the AXS Astoria Inflation Sensitive ETF will stick with its seven-part portfolio of TIPS, precious metals, agricultural products, and stocks in the energy, financials, industrials, and materials as inflation stays higher than normal in 2023.

☆ A hedge fund manager who's up over 39% this year says these 6 cheap stocks are well-positioned to survive another bear market in 2023
▼ + stars: | 2022-12-20 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge fund manager Charles Lemonides is up 39% this year through November. Well-placed bets on winning stocks and against losing ones have helped his hedge fund, the ValueWorks Long Biased Composite, rise 39.4% after fees through November. Investing in Lemonides' hedge fund isn't for the faint of heart. "It's a stock-picker's market environment, and I think there are companies that are well-priced and well-positioned today," Lemonides said. Below are Lemonides' six favorite stocks right now along with the ticker, market capitalization, price-to-earnings ratio, and his summarized thesis for each.

☆ Here's where to put your money in 2023 with a recession likely closing in, according to Goldman Sachs, JPMorgan, and 9 other Wall Street giants
▼ + stars: | 2022-12-17 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Top investment firms see plenty of risks to stocks and the economy next year. Here are the investment strategies Wall Street recommends following in 2023. Investors are hoping that 2023 will be a better year for markets after stocks disappointed to the downside in 2022, but Wall Street isn't convinced. However, even fewer firms are calling for substantial losses, as three firms think the S&P 500 will slip to 3,900, while only one sees downside to 3,400. Below is a summary of views about stocks and the economy from each firm that Insider polled, as well as where they recommend investing in 2023.

☆ These are the 23 best stocks to buy in 2023 as global growth slows, according to UBS
▼ + stars: | 2022-12-16 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

UBS has a 2023 S&P 500 target of 3,900 and is calling for the slowest global growth in decades. Here are 23 stocks that UBS analysts are most bullish on heading into 2023. The US economy will have near-zero growth over the next two years, according to UBS, and the firm also predicts that the global economy will grow just 2.1% next year. 23 stocks to buy in 2023Below are the 23 buy-rated stocks that UBS analysts are most bullish on in 2023. They're listed in alphabetical order along with their ticker, sector and industry, price target from UBS, upside to that price target as of December 9, and thesis from the analyst who covers it.

☆ Goldman Sachs, JPMorgan, and 9 other top Wall Street firms share their predictions for stocks and the economy in 2023
▼ + stars: | 2022-12-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Here are 11 top investment firms' views on what's next for stocks and the economy in 2023. Heading into this year, the lowest S&P 500 price target among top investment firms was 4,400, which was set by long-time bear Mike Wilson of Morgan Stanley. Insider surveyed 11 top investment firms and found that five see US stocks rising in 2023 from mid-December levels: Deutsche Bank, Oppenheimer, BMO Capital Markets, JPMorgan, and Credit Suisse. The firms had 2023 year-end S&P 500 price outlooks ranging from 4,500 (a 12.5% gain from the current level of about 4,000) to as low as 3,400 (a 15% loss). Below is the S&P 500 forecast, stock market outlook, and economic outlook from each of these major Wall Street firms, ranked from highest S&P 500 price target to lowest.

☆ The best-performing large-cap fund manager of 2022 shares what he got right as high inflation and interest rates tanked the market this year — and where he's investing heading into 2023
▼ + stars: | 2022-12-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Daniel Peris of Federated Hermes is the top-performing large-cap fund manager of 2022. Historian-turned-mutual fund manager Daniel Peris is making some history of his own this year. Nearly as unconventional as Peris' background is his approach to running his dividend fund. Absolute and relative performance matter little compared to dividend growth and yields, Peris told Insider in a recent interview. However, the fund manager said that as inflation starts to settle down, stocks in the aforementioned food, beverage and tobacco, household products, and pharmaceuticals industries are his favorites.

☆ Here are the 4 smartest places to put your money in 2023 after a nightmarish year, according to a fund manager at JPMorgan's $2.3 trillion asset management arm
▼ + stars: | 2022-12-08 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Portfolio manager Phil Camporeale of JPMorgan Asset Management sees a recession coming. One of the ugliest years on record for stocks and bonds has been unforgiving for the $3.4 billion JPMorgan Global Allocation Fund (GAOSX) that Camporeale co-manages. Risk-on bets stemmed from a belief that foreign stocks would roar back as the global economy reopened and interest rates rose. Heading into 2023, the global economy is on the brink of a recession and inflation remains an issue. What to expect in 2023 — and where to investInvestors should count on a mild recession next year as growth weakens while interest rates spike, Camporeale said.

☆ The managers of a $5.8 billion fund that's beaten 99% of competitors in the past 15 years share how to find winning value stocks in 2023 using this simple, timeless process
▼ + stars: | 2022-12-05 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The Tweedy, Browne International Value Fund has outperformed 99% of peers over the past 15 years. Few funds have been a better bet than the Tweedy, Browne International Value Fund (TBGVX) over the past three decades. Perhaps most impressive is that the $5.8 billion Tweedy, Browne International Value Fund has topped 99% of funds in its category in the past 15 years, according to Morningstar. Insider spoke with Wyckoff, Shrager, and Hill about their investing process and where they see opportunities for international stocks in 2023. Value stocks and international companies should outperform their growth and US-based peers, in his view.

☆ The top strategist at BMO Capital Markets says stocks are ready for a multi-year recovery in 2023 after a recession strikes — and these 11 names look attractive right now
▼ + stars: | 2022-12-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

BMO Capital Markets isn't changing its S&P 500 price target of 4,300 heading into 2023. Here's a look at BMO's 2023 market outlook as well as 11 US stocks to buy now. That environment means active stock-picking — not passive index investing — is now the key to outperformance, Belski wrote. In Belski's base case, S&P 500 earnings will fall 5% in 2023, which would be the biggest decline in corporate earnings since 2015 (excluding 2020). A recession in the US is "almost inevitable" in 2023, Belski wrote.

☆ Here are 10 reasons why the US won't be hit with a recession in 2023, according to Goldman Sachs
▼ + stars: | 2022-12-01 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

A recession in the US is unlikely in 2023, according to Goldman Sachs. Analyst consensus says there's a 63% chance of a recession, but Goldman Sachs says it's far lower. Goldman Sachs isn't bullish on stocks in 2023, but compared to some of its Wall Street peers, its outlook for the US economy is rosy. "Our baseline is that the US economy narrowly escapes a recession in 2023," Struyven said. Goldman SachsLastly, inventory gluts that are crushing profit margins of retailers like Target (TGT) won't spread beyond the consumer discretionary sector, according to Goldman Sachs.

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