The bank's analysts named five stocks they expect to outperform in the next six to 12 months, including them on a list of top European picks.
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. On July 26, the Fed approved its 11 th interest rate hike in a tightening process that began in March 2022, taking borrowing costs to their highest level since 2001. With that move, "the Fed is potentially at the end of its rate hiking cycle.
Top picks The analysts named five consumer staples stocks they expect to outperform in the next six to 12 months, including them on a list of top European picks. The bank gave French food manufacturer Danone an estimated 6% earnings per share growth for 2024, and Swiss competitor Nestle 8% for the same period. British grocer Tesco also made the outperform list, although the bank estimated a 2% reduction in EPS for 2024.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience – Economics Bitcoin NewsIn a note published on Friday, JPMorgan's economists have jettisoned previous predictions of an impending U.S. recession. Economics Inflation
Read more »
European Commission Accelerates Phasing Out of Animal TestingThe European Commission said it is accelerating the rate at which animal testing will be phased out on the Continent.
Read more »
German far-right says the EU is a ‘failed project’ as it prepares for European Parliament electionsThe far-right Alternative for Germany declared the European Union a “failed project” in its current form as it adopted its program for next June’s European Parliament election at its party convention in the eastern city of Magdeburg on Sunday, the German news agency dpa reported.
Read more »
Heidi Klum shows off abs in nude bathing suit while vacationing in ItalyThe German supermodel shared a photo of her toned figure in a tiny bikini while taking in the scenic views on her European getaway.
Read more »
Eagles stock up, stock down after second trio of practicesAfter three padded practices, here’s the latest Eagles stock watch of training camp.
Read more »
‘Do Not Expect Too Much From The End Of The World’ Review: Radu Jude’s Complex Satire Leaves A Bitter Aftertaste – Locarno Film FestivalIt’s rare that European cinema impacts on Hollywood but it’s exciting when there’s a trickle-down effect, like the connection to be made between Denmark’s stripped-down Dogme movies, which launched…
Read more »