The Zacks Analyst Blog Highlights: Anthem, Huaneng Power International, Ares Management And Meritor
Zacks Investment Research | Mar 12, 2019 06:57AM ET
For Immediate Release
Chicago, IL – March 12, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Anthem, Inc. (NYSE:ANTM) , Huaneng Power International, Inc. (NYSE:HNP) , Ares Management Corp. (NYSE:ARES) and Meritor, Inc. (NYSE:MTOR)
Here are highlights from Monday’s Analyst Blog:
Fretting About Wall Street Losses? 4 Safe Value Bets
The recent slump in stock markets that pushed Wall Street indexes to post the biggest weekly losses of 2019 last week, is a result of a wide range of disappointing economic data coupled with investor fears over a global economic slowdown. However, an encouraging fourth-quarter GDP, consumer confidence and a likely U.S.-China trade agreement could turn the financial markets around.
It is in the hope of this rebound that one could consider investing in value stocks at present.
What Dragged Markets Down Recently?
According to the Bureau of Labor Statistics, job additions nearly stalled in February, with the economy adding 20,000 new jobs — well below the consensus expectation of 186,000. Needless to say, the labor market was primarily responsible for lifting market sentiment through steady job additions for months despite a slowing global economy and trade tensions.
Prior to the Labor department data, U.S. retail sales’ unexpected drop of 1.2% in December had sparked investor concern. After all, a drop in retail sales indicated a sharp slowdown in economic activity at the end of last year. December’s retail sales’ slump was also the largest since September 2009, a couple of months after the Great Recession ended.
Moreover, the country’s construction spending dropped unexpectedly in December, falling 0.6% against a 0.8% rise in November. This is further proof of the economy cooling toward the end of last year.
In addition, the United States’ trade deficit hit a 10-year-high of $59.8 billion in December, the Commerce Department cited last week. Slowing demand for American goods can be attributed to declining global growth and a stronger dollar.
The global economic scenario isn’t encouraging either. China’s year-over-year exports in February dropped 20.7%, marking its largest decline in three years. The European Central Bank, in the meantime, lowered its 2019 forecasts for Eurozone growth as well, stagnating interest rate hikes till the end of this year and bringing in fresh stimulus measures.
However, it’s widely believed that these are temporary setbacks. The stock market will surely bounce back on an impending trade deal between the United States and China.
Financial Markets to Gain Soon
According to a CNBC Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.