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2022/06/29 / Erste Group Research

Gesundheits- und Basiskonsumaktien bevorzugt

Der globale Aktienmarktindex fiel im zweiten Quartal in EUR um -11%. Am 14. Juli beginnt mit JP Morgan die Berichtsaison für Q2. Die Unternehmensergebnisse sollten aufgrund der außergewöhnlich hohen Gewinne im Vorjahr heuer (j/j) wesentlich niedriger ausfallen. Nur bei Energiefirmen sollten die Gewinne sehr stark ansteigen (+220% j/j). Ohne die Gewinne der US-Energieunternehmen würden die US-Gewinne im 2Q um -1,8% (j/j) fallen, statt um +5,8% (j/j) zu steigen.

Wir erwarten, dass der globale Aktienmarkt im 3Q eine Seitwärtsentwicklung aufweisen wird. Die Volatilität sollte hoch bleiben. Aktien aus den Sektoren Energie- und Basiskonsum, sowie regional aus den Emerging Markets haben das attraktivste Chance/Risikoprofil.

Empfehlungsänderungen: Nestle, Sanofi, Colgate-Palmolive, Rio Tinto, Freeport-McMoRan, Baidu, Tencent, Alibaba, Costco Wholesale

NVIDIA: 1Q-Rekordumsatz mit Steigerung um +46% (j/j)

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General information

AuthorErste Group Research
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone, Germany, United States
Currency in focusEuro, US Dollar
Sector in focusAutomobiles & 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

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