|2022/05/04 / Erste Group Research|
Volatile sideways trend expected
The global stock market index is currently in a weakening phase. It has been trending below its psychologically important 200-day average line for several weeks now. Volatility continues to rise. Currently, there is no sustainable technical trend reversal in sight. For the time being, a volatile sideways movement seems likely. However, the sales and earnings forecasts for global companies are positive. Accordingly, sales and profits should each increase by approx. 7.5% this year.
Rating changes: Johnson & Johnson, Amazon.Com
Johnson & Johnson: Profits to rise more strongly than sales in 2022
Amazon.Com: Sales up +7.3% in 1Q, but strong earnings decline
Linde: High profit increase due to strong demand for industrial gases
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|Author||Erste Group Research|
|Product name||Recommendation List|
|Topic in focus||Equities|
|Economy in focus||Eurozone, Germany, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||Automobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities|
|Name||ISIN||# Erste Group products|
|Bank of America||US0605051046||0|
|Johnson & Johnson||US4781601046||0|
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