Tags: Credit | Suisse | Food | Energy | Health

Credit Suisse: Food, Energy, Health Stocks to Rise Amid Rally

Friday, 23 Apr 2010 10:25 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Stocks are headed higher, particularly in the sectors of food and agriculture, household products, energy, healthcare and information technology, says Bob Parker, senior adviser to Credit Suisse Asset Management.

"I can't think of any reason why we should have a market pullback," he says.

"If you look at the next few months, the economic numbers are going to remain very strong."

Parker sees U.S. economic growth hitting 4 percent this quarter and next.

He is bullish on the rest of the world too. Corporate earnings in the developed world are likely to show a 20 percent gain for the first quarter from a year earlier, Parker told CNBC.

As for the stock market, “I can buy the argument that we may have a moderation in the rally, but I do think the trend for the next 2 to 3 months is upwards,” he said.

The market has already taken into account the bad news, such as Europe’s sovereign debt woes and the need for monetary tightening in China, Parker says.

“That’s all discounted, and I think the market’s ignoring what will be a very good quarter for economic and corporate earnings numbers.”

Money management titan Pimco is about to dip into stocks itself.

“You will see us offer a handful of strategies that are globally oriented that can benefit from Pimco’s (currency and economic) insights” Neil Kashkari, the firm’s head of new investment initiatives, told Bloomberg.

© 2014 Moneynews. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Report: 44,000 Voters Registered in Both Maryland and Virginia

Wednesday, 23 Apr 2014 18:17 PM

A Virginia group organized to combat election fraud says a check of voter rolls in Maryland and Virginia shows there are . . .

Supreme Court Nixes $3.4M Award to Child Porn Victim

Wednesday, 23 Apr 2014 18:09 PM

The Supreme Court on Wednesday rejected a plea to make it easier for victims of child pornography to collect money from  . . .

Mayor de Blasio: New Wood-Burning Fireplaces Should Be Banned in NYC

Wednesday, 23 Apr 2014 17:31 PM

New York City Mayor Bill de Blasio is proposing to regulate the wood-burning fireplaces that are a beloved feature of te . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved