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Msg  67712 of 69657  at  7/9/2020 6:37:59 PM  by


Market Call

July 09, 2020

Stan Wong's Top Picks: Facebook, Microsoft and IBB

BNN Bloomberg


After a tremendous recovery from the March lows, global equities may be due for a pause or some consolidation as rising COVID-19 cases in the U.S. and elsewhere loom over the prospects of an economic restart. A slower economic reopening would dampen corporate earnings expectations and derail equity markets. In addition, renewed U.S.-China geopolitical tensions and an upcoming U.S. presidential election could weigh on investor sentiment in the coming months. From a technical perspective, most North American and global equity indices are approaching short-term upper resistance levels.

In Stan Wong Managed Portfolios, we continue to favour growth stocks over value stocks. We like companies with high-quality attributes as they offer resilience during times of economic uncertainty. Equities with dividend appreciation characteristics are encouraged over those with high yields but no dividend growth. Looking ahead, we view select healthcare, technology, communication and consumer companies benefiting from structural trends accelerated by the global pandemic. Work-from-home, e-commerce, cloud infrastructure and healthcare innovation are a few of the themes we expect to be in focus in a post-pandemic world. Our portfolios reflect these themes and our clients are well-positioned to benefit from them.

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Programming note: COVID-19

BNN Bloomberg

We’ve added another hour to our live COVID-19 Impact coverage, with Amanda Lang guiding coverage from 2-3 p.m. ET. Greg Bonnell and Catherine Murray take over from 3-5 p.m. ET to cover the last hours of trading activity.

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