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2022/07/19 / Erste Group Research

Gesundheits- und Technologieaktien attraktiv

Empfehlungsänderungen: Daikin Industries, Oracle, Tokyo Electron, ConocoPhillips

Der globale Aktienmarkt stieg seit Anfang Juli in EUR um +3,9%. Fundamental wird 2022 ein Umsatzanstieg um +7,9% und ein Gewinnwachstum um +7,6% erwartet. Für nächstes Jahr wird eine Stagnation der Umsätze und ein leichter Anstieg der Gewinne erwartet (+2,9%).

Wir gehen davon aus, dass es durch die zuletzt schwächeren Frühindikatoren (u.a. Einkaufsmanagerindizes in den USA/Europa) aber zu einem Rückgang der Konsens-Gewinnprognosen für 2022e und 2023e kommen wird. Im 3Q erwarten wir eine Seitwärtsbewegung des globalen Aktienmarktindex, wobei Aktien in den USA und den Emerging Markets relativ besser performen sollten als europäische. Wir empfehlen dabei besonders Aktien aus dem defensiven Konsum-, Gesundheits- und Technologiesektor, da diese Branchen derzeit das attraktivste Chance/Risikoprofil haben.

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General information

AuthorErste Group Research
Product nameEmpfehlungsliste
Topic in focusEquities
Economy in focusEurozone
Currency in focusEuro
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

Erste Group related products

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Name  ISIN# Erste Group products
3M CompanyUS88579Y10100
ABB CH00122217160
Abbott LaboratoriesUS00282410000
Advanced Micro DevicesUS00790310781
Amadeus IT GroupES01090670190


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