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Investing.com – With the beginning of a new year, most global banks, especially investment banks, have reviewed their positions on major stocks and financial markets in general. Below we will explain with you the visions and expectations of international banks for stocks in 2024.
Barclays Bank (LON:):
In its forecasts, Barclays tended to favor shares of large-cap companies, as they represent a hedge against shocks in the stock market.
At the same time, the bank maintained a high degree of exposure to high-quality stocks.
Barclays stock also preferred stocks with good and moderate value over growth stocks. This represents a high degree of exposure to real estate sector stocks, in contrast to not betting heavily on stocks that depend on global sales.
BlackRock…the largest asset manager in the world:
The choices of the world’s largest asset manager, BlackRock, focused on a 6- or 12-month horizon. The biggest bet was on technology stocks, with great belief in their flexibility and ability to achieve the highest profitability.
BlackRock expects America’s technology stocks sector to be the institutional earnings leader in 2024.
The asset manager believes that the atmosphere is ripe for increases, with expectations of a cut in interest rates with a smooth decline.
Citigroup (NYSE:):
Citigroup analysts are convinced that the stock rally will continue in 2024, ruling out a recession, but they also advise using 3 indicators to monitor the state of the economy:
– A rising yield curve
– High credit spreads (spreads)
– Copper/gold movement ratio
Goldman Sachs (NYSE:):
Goldman Sachs identified the sectors most likely to rise with the artificial intelligence revolution, which are the cybersecurity sector, semiconductors, in addition to the health sector.
The famous American investment bank also identified the most important companies that will lead the movement of financial portfolios, which are high-quality, reliable companies, companies that provide strong dividend distribution, and companies that have regional diversification.
JP Morgan (NYSE:):
One of the largest investment banks in America stressed the need to take geopolitical events into account. It is the bank that expects a decline in the stock market in 2024.
JP Morgan believes that earnings reports will reveal a slowdown in growth. And companies will record growth in the range of only 2-3% this year.
They set a target for the index of 4200 points with a bias to the downside.
Morgan Stanley (NYSE:):
Murgat Stanley has a bearish forecast for growth in the European and emerging markets. With US stock dividends expected to rise in 2024, they expect a stumble at the start of the year before bouncing back.
2024-01-07 17:20:00
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