The market has rallied this year despite economic uncertainty in the United States. The S&P 500 is up about 10% so far this year, while the Nasdaq is up about 24%. But according to analysts, just a few stocks — namely mega-cap tech — are responsible for most of the gains. Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, told CNBC’s “Street Signs,” “At current levels, we believe the broader markets are expensive, especially given the expected declines in the first and second quarter earnings reports.” Happened.” Asia” last week. However, some analysts believe that some parts of the market are still worth buying. Charles Bobrinskoy, head of the investment group at Ariel Investments, said that the slowdown due to the tightening of the monetary policy of the US Federal Reserve The market is so far “very focused” on the prospect of a . “As a result, anything is cyclical cheap,” he said.[But] We are very close to the end of Fed interest rate hikes. When the market gets convinced not to hike rates further, we may get a rally in cyclical names. Stock Picks In fact, some analysts and portfolio managers recently named stocks that are still cheap, including some in the tech sector. “We’re using short-term volatility as a buying opportunity,” Adam Coons, chief portfolio manager at Winthrop Capital Management, said in a note sent to CNBC on Monday. “QCOM has lagged other chip makers and valuations on a relative basis are too cheap considering the growth prospects for QCOM over the next 5 years,” said Coons. Three stocks with price-to-earnings ratios of 10 . One of them is US auto supplier BorgWarner, which has a P/E ratio of eight. BorgWarner is very well positioned to make the electric vehicle play, he said. Bank of Oklahoma is second, with a P/E ratio of eight. Trading at Earnings.” Excellent position in the western states where the energy business is very strong. Regional banks have been unfairly punished,” Bobrinskoy said. Finally, he recommended Goldman Sachs, which has a P/E ratio of eight. He told CNBC’s “Street Science Asia” last week, “What cheap No — our growth stocks and tech stocks and they’ve had a huge rally here … and those stocks are trading at multiples of over 30x.” “So we’d say don’t buy what’s in favor — tech and growth . Look at what’s out of favor – value stocks, and especially cyclical stocks.”
