Beyond Markets

With many stock market indices having hit record highs in the first quarter of 2024, it is timely to look at some of the factors our analysts take into account when selecting their preferred stocks. Besides looking at the development of individual companies, it is also important to join the dots and see what the important drivers are in different sectors and subsectors. So, what has our attention currently? 

In this episode of the Beyond Markets podcast, Bernadette Anderko, Investment Writer, talks to Philipp Lienhardt, Head of Equity Research, about how his team approaches the process of stock selection, what sectors they favour currently and the subsectors that are set to offer good investment opportunities in the coming months.

00:53 Stock selection – our process
02:30 Background – the big picture     
04:29 Why we are approaching the time for a style reversal
05:18 Why we still prefer US stocks versus European stocks
06:28 Our preferred sectors (Communications/IT)
07:54 Why we don’t believe that there is an IT bubble
08:59 Why we like the Healthcare sector and some specific segments
10:27 Subsectors where we see value
12:05 Consumer defensives – it pays to be defensive
12:54 Our stance on luxury goods
13:20 Our stance on European financials
14:02 Looking forwards and considering US elections

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What is Beyond Markets?

“Beyond Markets” by Julius Baer is a series featuring conversations with experts to share recent market developments, key insights, and strategic inputs from around the globe. In each episode, we cut through the noise to offer practical advice and macro research on today’s shifting economic and market landscape.
The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.