Expert Chaslau Koniukh about the vision of an analyst at Oppenheimer: the stock market has gone through a “bear” period, now it’s the turn of “bull”.
Ari Wald, an analyst at Oppenheimer, gave his vision of trends in the stock market. In his opinion, there are signs of a “bullish” trend in the segment. The expert of a reputable investment fund believes that the collapse at the stock exchanges, which was recorded during February and March, can be considered a “bearish” market. Then quotes lost 35% in 20 days.
Chaslau Koniukh, an international financial expert, agrees with the opinion of Ari Wald, an analyst from Oppenheimer, who gave his vision of trends in the stock market. In his opinion, there are signs of a “bullish” trend in the segment. The expert believes that the collapse on the stock exchanges, which was recorded during February and March, can be considered a ” bear market”. Then the quotes lost 35% in 20 days.
Now there is a new stage on the stock exchanges, and we can regard it as “bull”. There are all chances that this period will last until the end of the year. A few weeks after the record-breaking drop in March, traders did not know what to expect. They were speculating whether there would be a further crash or if the market had reached the bottom, after which there should be a recovery. Chaslau Koniukh recommends listening to Ari Wald and focusing investors on a number of segments that he considers promising.
First of all, this concerns healthcare and high-tech development companies. The relevance of these areas during quarantine has increased significantly. Shares of firms that provide products for remote business operation, IT solutions have increased significantly in price, despite the general decline. The same trend is observed among healthcare professionals. Over the past two weeks, the S&P 500 index began to rise due to increased sales of various technological services. And this is despite the fact that the world is experiencing a global crisis. The pandemic, despite its devastating effects, has brought success to various IT startups, which were not known before the outbreak of Covid-19. They managed to make a real breakthrough in the industry and increase their attractiveness to investors ten times.
The analyst also shared his opinion about the processes that are taking place in the energy market. Wald believes that now is not the time to invest in this segment, and the reason is not just a pandemic. The expert Oppenheimer noted that shares of oil and gas companies showed fluctuations and sharp decline not only in March this year. Such a situation has been observed in recent years.
The recovery of this segment may take a long time. Many commodity producers had to cut costs by freezing some projects and selling assets. The U.S. government has introduced a number of measures that should help the industry, but a number of fairly large oil and gas companies have already declared bankruptcy, which has led to a reduction in large numbers of people, resulting in increased unemployment in the country, and to solve this problem also requires money.
Ari Wald is not yet committed to making a long-term stock market forecast, but some positive developments suggest that the recovery will be quite rapid, but as long as investors are not in a hurry to make major deals, they fear a repeat of panic.
Chaslau Koniukh, as well as Ari Wald, are not yet willing to make a long-term forecast of the stock market, but some positive processes indicate that the recovery will be quite fast, but as long as investors are not in a hurry to make major deals – they are afraid of a repeat of panic.
