VPG 0.00% $1.79 vodafone group plc.

reits and healthcare outperform in 2010

  1. 581 Posts.
    2327 GMT Dow Jones Merrill Lynch expects S&P/ASX 200 to be 4500 at the end 2010. "Attractive valuations are gone, with fair value now around 4700.0, earnings forecasts are already aggressive, so further upside is capped, and commodity stocks will be a drag on the market." Broker argues that a peak in industrial production always causes sector rotation. Expects commodity stocks to fall while utilities, telcos, REITs and healthcare outperform. Expects retail trade to be "crowded out" by auto purchases, with negative implications for consumer stocks. It's neutral on banks given rise in valuations.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.