The S&P 500’s nearly 9 percent year-to-date return and the resilient labor market are raising hopes the US will avoid a recession and deeper slide for stocks this year. I’m not entirely convinced.
Inflation remains untamed and the Federal Reserve will keep pushing interest rates higher to rein it in. And Q1 results we’ve seen so far show pressure on earnings, including some essential services companies.
But values are definitely emerging for long-term minded investors, starting with selected non-US companies highlighted in the feature article. And this month’s conservative focus stock is TC Energy (TSX: TRP, NYSE: TRP), with America Movil (Mexico: AMXL, NYSE: AMX) my aggressive focus stock.
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