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Defensive stocks top 2019 playbooks
Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street's cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019. A Reuters analysis of 2019 outlooks from 10 major financial institutions found eight, including Morgan Stanley, Goldman Sachs and Barclays, with "overweight" ratings on at least one defensive sector for 2019. "Utilities offering 6 to 8 percent total return with a lower level of risk might actually be a good place to be in an environment where volatility is rearing its head," Savita Subramanian, the bank's head of U.S. equity and quantitative strategy, said during a recent outlook call.
https://finance.yahoo.com/news/defensive-stocks-top-2019-playbooks-091731334.html?.tsrc=rss
Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street's cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019. A Reuters analysis of 2019 outlooks from 10 major financial institutions found eight, including Morgan Stanley, Goldman Sachs and Barclays, with "overweight" ratings on at least one defensive sector for 2019. "Utilities offering 6 to 8 percent total return with a lower level of risk might actually be a good place to be in an environment where volatility is rearing its head," Savita Subramanian, the bank's head of U.S. equity and quantitative strategy, said during a recent outlook call.
https://finance.yahoo.com/news/defensive-stocks-top-2019-playbooks-091731334.html?.tsrc=rss
