“Tech giant’s quarterly earnings report beats expectations, driving stock prices to new heights amidst a surge in demand for digital services.”
Markets may be facing an “unusual amount” of uncertainty, but there are still good opportunities for investors. Sanjay Ayer of WCM Investment Management has identified three “brand new secular growth themes” that he believes hold good potential for stocks. CNBC Pro subscribers can read more about these themes and the stocks Ayer recommends.
Meanwhile, investors are eagerly awaiting the upcoming earnings season to see if stocks can recover from recent losses. Bond yields have risen, impacting the value of stocks, but the more immediate and real risk lies in the earnings front as we enter the third-quarter reporting season. Gerry Fowler, head of European equity strategy at UBS, has identified stocks that could surprise both positively and negatively when their earnings results are released in the coming weeks. CNBC Pro subscribers can find out more about these UBS stock picks.
In terms of market openings, European markets are expected to open lower on Tuesday. The FTSE 100 index is predicted to open 15 points lower at 7,359, Germany’s DAX down 23 points at 14,767, France’s CAC down 19 points at 6,828, and Italy’s FTSE MIB down 166 points at 27,343, according to data from IG. Earnings are set to come from various companies, including Barclays, Hermes, Michelin, Heineken, Spotify, Novartis, and Norges Bank Investment Management.
Overall, while uncertainty may be high, there are still opportunities to be found in the market. It’s important for investors to stay informed and keep an eye on earnings results as they can greatly impact stock performance.
