These are names the firm says are worth looking at despite the rocky year expected.
JPMorgan is warning there could be further downward pressure on the market in 2023 before a recovery is felt. But the firm says there are still stocks to invest in. The firm expects the S & P 500 to re-test lows seen in 2022 as the Federal Reserve "overtightens" while trying to cool inflation.
Analysts also pointed to the possibility of continued penetration within groceries and the cloud that could give the company an additional boost. The firm has a $130 price target, implying the stock will gain 51.5% from Tuesday's close. Target also made the list, even as market observers grow increasingly wary of retail stocks amid economic contraction.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This little-known pharma stock can rally more than 60% in 2023, JPMorgan saysThe firm expects a promising treatment for acute leukemia could drive upside for the stock.
Read more »
Gloom and boom: Fund managers' top picks for 2023King Dollar's reign (definitely) coming to an end, bonds bouncing and emerging markets rising again are just some of the trades international money managers are betting on in 2023.
Read more »
2023 Sentry Tournament of Champions predictions: Golf picks this weekendThe 2023 golf season is set to get underway this week with the Sentry Tournament of Champions at Kapalua on the island of Maui in Hawai’i.
Read more »
Stock Market Outlook 2023: Risks Skewed to the Downside | Investing.comStocks Analysis by Fawad Razaqzada covering: DAX, Nikkei 225, DAX Futures, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
Read more »
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023U.S. stock-market futures rose Monday, suggesting gains ahead of the first trading day of 2023.
Read more »
After a rough 2022, U.S. stock futures sink ahead of first trading week of 2023U.S. stock-market futures inched lower Monday, suggesting slight gains ahead of the first trading day of 2023.
Read more »