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Latest Analyst Survey Results; Staying Overweight Utilities, HC, Energy & Tech
Latest Analyst Survey Results; Staying Overweight Utilities, HC, Energy & Tech
ratings:
Length:
7 minutes
Released:
Apr 12, 2023
Format:
Podcast episode
Description
Today in the podcast we’re talking sectors, following the release of the results of our latest RBC analyst survey which we blend with our own top-down strategy tools to arrive at our sector recommendations. Three big things you need to know: First, in our latest survey, taken in late March and early-April 2023, RBC’s US equity analysts were a little north of neutral in their outlooks for performance over the next 6-12 months. Second, on the performance outlook, our analysts were most constructive on Utilities and Health Care, followed by Energy and Tech, with the weakest outlooks for Consumer Staples, Industrials, and Consumer Discretionary. Third, the combination of our analysts’ latest views, our ESG Strategy team’s sector scorecard, and our own macro tools keep us overweight Utilities, Health Care, Energy, and Tech, and underweight Consumer Staples and Consumer Discretionary. We have also downgraded Financials to market weight.
Released:
Apr 12, 2023
Format:
Podcast episode
Titles in the series (100)
What We’ve Learned So Far In 2Q20 Reporting Season by RBC's Markets in Motion