Alphinity's global stock picks, from tech to the consumer скачать в хорошем качестве

Alphinity's global stock picks, from tech to the consumer

Markets remain heavily driven by narrative, with the ongoing momentum of artificial intelligence disruption increasingly influencing sector rotations, according to Elfreda Jonker from Alphinity Investment Management. Jonker highlights the importance of focusing on individual software names, citing ServiceNow (NYSE:NOW) as an example of a company where fundamentals remain solid, supported by robust fourth-quarter results and an accelerated buyback. However, Jonker notes that AI risks continue to create divergence within the technology sector, rendering it a true stock picker’s market as not all tech stocks are advancing together. The rotation from high-growth tech to value-oriented sectors has also opened opportunities, with Parker-Hannifin ($PH) and Caterpillar (NYSE:CAT) mentioned as beneficiaries of the improving real economy and increasing order backlogs. Jonker points to consumer staples as essential for balance in portfolios during periods of volatile sentiment, referencing Coca-Cola (NYSE:KO), L’Oréal (EPA:OR), Costco (NASDAQ:COST), and Walmart (NASDAQ:WMT) as defensive plays. Despite softer outlooks for names like Coca-Cola, Jonker asserts the sector offers attractive valuation and resilience compared to growth stocks. On mega-cap tech, Jonker singles out Meta (NASDAQ:META) for impressive revenue growth, with Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT) also showing strong results despite significant increases in capital expenditure. Jonker continues to favour semiconductor names such as TSMC (NASDAQ:TSM) and ASML (NASDAQ:ASML), underscoring their roles in the growing AI ecosystem.,European financials remain attractive, with CaixaBank (BMAD: CABX) highlighted for its strong momentum, benefitting from robust Spanish economic growth. Meanwhile, Morgan Stanley (NYSE:MS) and JP Morgan (NYSE:JPM) also stand out in the US, though Jonker cautions that financial exposure is now being capped in the portfolio.