Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Investing.com -- Analysts at Macquarie expressed a cautious stance on Malaysia’s earnings outlook, despite varied growth reported for the quarter.
While managements across sectors maintain a generally positive outlook, the analysts advise selectivity, particularly in the technology sector, which experienced the most earnings misses.
Utilities and retailers, focused on domestic consumption, emerged as standout performers in the latest earnings reports. The analysts emphasized the importance of these sectors, noting their defensive nature and potential for growth.
Macquarie’s top picks remain in companies such as TNB, YTLP, and IHH, which are categorized as defensive stocks. In the technology sector, VITRO and FRCB are highlighted as preferred choices due to their potential in the current market environment.
The analysts also announced a strategic change in their domestic consumption picks, swapping T with 99SMART, reflecting a shift in focus within the sector. This adjustment aligns with their cautious yet strategic approach to navigating Malaysia’s earnings landscape.
Overall, Macquarie’s analysis underscores the need for careful selection in investment choices, particularly in the technology sector, while maintaining confidence in defensive and domestic consumption stocks.
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