Fidelity Analyst Sees Upside For Stocks Going Into Third Quarter As Macro Concerns Subside Hot

shigginsshiggins  
 
0.0 (0)
Write Review

Unsettling issues remain, from the euro crisis and the debt-ceiling talks to the direction of China’s economy. But with two major economic concerns resolving themselves, downward pressure on stock prices should ease, Emsbo-Mattingly says in her quarterly market perspective.


“With consumer spending picking up, I could see retailers and consumer durables doing well,” she writes. “Many consumer cyclicals could also benefit. If Chinese officials can get the balance right between inflation control and growth, this could also translate into gains for industrial and materials companies.”


Stocks appear to have more upside than fixed-income heading into the third quarter, she concludes.
 

This Website Is For Financial Professionals Only


User reviews

There are no user reviews for this listing.
Already have an account? or Create an account