Dear %%first_name%%,
When recession talk rears its ugly head, investors start at least to assess their portfolios to see how exposed they may be to an economic downturn. In my article today, I join Julia Lee from Bell Direct in referring to the inverted yield curve and what that points to. Given what’s happening on this front, should you become more defensive and start stocking up on recession-proof stocks that fall but not dramatically in a GFC-style event and, along the way, keep paying OK dividends?
And in the Report today, Paul Rickard reports that a very strong first quarter has resulted in double digit gains for our portfolios. Led by a recovery on Wall Street and an expectation that interest rates could possibly fall, our income portfolio has returned more than 11.5%.
Did someone mention the R word? James Dunn says that a better proposition to going defensive is to choose “recession-proof” stocks. He looks at 2 recession resistant candidates and 4 that thrive during one. Meanwhile in her article today, Julia Lee, equity analyst from Bell Direct discusses which stocks you should avoid in a downturn and which sectors perform better. And she offers her asset allocation & strategy tips.
And total downgrades for individual ASX-listed entities continue to outnumber upgrades among the eight stockbrokerages monitored daily by FNArena, even as the share market struggles to advance close to its 2018 peak. You can read more about this in Buy, Sell, Hold, – What the Brokers Say.
Finally, in our Hot Stock today, CMC Markets’ Chief Market Strategist, Michael McCarthy, explains why he likes Super Retail Group (SUL) but doesn’t like Northern Star (NST).
Myself and Paul are hosting our first ever budget breakfast this Wednesday morning in Sydney and would like to extend the invitation to you as a valued Switzer Report subscriber. It will be held at the Hyatt Regency in Sydney from 7:30am – 9:30am. If you would like to attend this exclusive function, please respond back to this email. We have an extremely limited amount of tickets and if successful you will be contacted by our team.
Tickets are selling fast for the Switzer Investor Strategy Day in Sydney later this month, and in Melbourne and Brisbane in early May. I’d like to invite you and a friend to attend free of charge, so click on the event you would like to attend below to claim your complimentary tickets:
And this Friday, Paul and I will be joined by Stephen Bruce, Senior Portfolio Manager at both Perennial Value Management and eInvest Income Generator Fund, to discuss how will the federal budget and upcoming election affect your portfolio. Click here to register.
Enjoy the read and your week!
Sincerely,
Peter Switzer