net_left Phương Thức Thanh Toán

U.S. investors hunt for gains in foreign stocks

14 Tháng Giêng 2023
U.S. investors hunt for gains in foreign stocks © Reuters. Signage is seen at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022. REUTERS/Andrew Kelly
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2980348" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"166":"indice","8308":"Equities","8833":"futureCash","20889":"Equities","40823":"indice"};

By Lewis Krauskopf

NEW YORK (Reuters) - Some U.S. investors are looking abroad to capture better stock returns in the coming months, betting European and other international stocks hold more enticing valuations after a long period of U.S. dominance.

U.S. stocks have rebounded to start the year after a rough 2022, but still have lagged their international counterparts. Europe's STOXX 600 index has gained some 17% since the end of the third quarter, versus 11% for the U.S. benchmark S&P 500. MSCI's gauge of global stocks excluding the U.S. has risen more than 20% over that time.

European stocks have benefited as a mild winter has so far helped the region avert a feared energy crisis, investors said. Moderating commodity prices have helped, as has the re-opening of China's economy and a weaker dollar; some expect the strength to continue.

“Relatively speaking, we have got more money now chasing better opportunities outside the U.S., which was not the case the last several years,” said Martin Schulz, head of the international equity group at Federated Hermes (NYSE:FHI).

Federated Hermes said this week it is shifting from a “modestly bearish” view on stocks to a “modestly positive” one, entirely by adding to international markets.

U.S. stocks have long held sway over international peers. The S&P 500 rose over 460% from lows during the great financial crisis in March 2009 through last year, compared with a 170% gain for Europe's STOXX over that time.

That period largely coincided with rock-bottom interest rates, a backdrop that favored U.S. stock indexes which are far more heavily weighted in technology shares than stock gauges in Europe. The tech sector amounts to 26% of the S&P 500. The group is only about 7% in the STOXX 600, which is far more heavily geared toward financial and industrial shares.

But the playing field leveled dramatically over the last year, as central banks globally raised interest rates to fight inflation. Higher rates tend to particularly pressure the valuations of tech and other high growth stocks while potentially benefiting banks and other value shares heavily weighted in Europe.

"One of the secular elements that has helped U.S. equities was unconventional monetary policies, and those have come to an end," said Alessio de Longis, senior portfolio manager for Invesco Investment Solutions in New York.

The firm last month rotated more into international equities as it increased its overall stock exposure, de Longis said.

GRAPHIC: US vs European stocks (https://fingfx.thomsonreuters.com/gfx/mkt/movakjqeqva/Pasted%20image%201673634725531.png)

International stocks were recently touted by investor Jeffrey Gundlach of DoubleLine Capital and BofA Global Research, which projected global stocks would "crush" their U.S peers in 2023.

Even with their recent strength, Europe's STOXX still trades at a hefty discount, with a forward price-to-earnings ratio of 12 against a P/E of about 17 for the S&P 500, according to Refinitiv Datastream. That valuation gap is close to its widest ever and is over twice its historic average.

“Every single metric that you can follow from a valuation perspective shows that international stocks are historically cheap versus the U.S.,” said Brent Schutte, chief investment officer at Northwestern (NASDAQ:NWE) Mutual Wealth Management Company.

Another lift for international stocks has come from the recent weakness in the dollar, which is down some 9% since the end of the third quarter after a huge run. The weaker greenback benefits U.S. investors when they convert foreign profits back into their home currency, and some investors believe the dollar could keep sliding if it appears the Fed is growing closer to pausing its rate increases.

Some investors think U.S. stocks will soon resume their dominance over equities linked to other regions. Since 2012, the United States has tended to outperform rest-of-world equities, with an average difference of 1.7 percentage points over a typical 50-day window, according to Nicholas Colas, co-founder of DataTrek Research. "As much we can see the merits of lower valuation non-U.S. equity markets, their recent outperformance says investors should be cautious in chasing the recent rally," Colas said in a note this week. A widely expected global recession could be one factor that sends investors back into U.S. stocks, which many see as a relative haven during times of economic uncertainty, investors said. Buying international stocks could be a "complement" to the opportunity domestically, said Mona Mahajan, senior investment strategist at Edward Jones. "The U.S. markets haven’t yet rebounded as much and so I think there is still a fundamental opportunity in the U.S. to play some catch up there,” Mahajan said.

Để lại bình luận
Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
06-02-2023 09:07:35 (UTC+7)

EUR/USD

1.0790

-0.0003 (-0.03%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (4)

EUR/USD

1.0790

-0.0003 (-0.03%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (4)

GBP/USD

1.2047

-0.0004 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

USD/JPY

132.29

+1.12 (+0.85%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

AUD/USD

0.6918

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3405

+0.0009 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

142.74

+1.16 (+0.82%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

0.9997

+0.0004 (+0.04%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

Gold Futures

1,886.05

+9.45 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

22.427

+0.022 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Copper Futures

4.0527

+0.0215 (+0.53%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (3)

Crude Oil WTI Futures

73.47

+0.08 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (10)

Brent Oil Futures

80.07

+0.25 (+0.31%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

Natural Gas Futures

2.442

+0.057 (+2.39%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

US Coffee C Futures

173.63

-4.27 (-2.40%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

Euro Stoxx 50

4,257.98

+16.86 (+0.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

S&P 500

4,136.48

-43.28 (-1.04%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

DAX

15,476.43

-32.76 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

FTSE 100

7,901.80

+81.64 (+1.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Hang Seng

21,302.00

-358.47 (-1.65%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,985.53

-15.69 (-0.78%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (7)

IBEX 35

9,225.60

-4.10 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

BASF SE NA O.N.

54.040

+0.200 (+0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

56.68

-0.12 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (4)

Allianz SE VNA O.N.

220.75

-0.95 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

161.06

+3.14 (+1.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Lufthansa AG

9.902

+0.009 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

145.02

+1.30 (+0.90%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

11.530

+0.074 (+0.65%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

    EUR/USD 1.0790 Buy  
    GBP/USD 1.2047 ↑ Buy  
    USD/JPY 132.29 ↑ Buy  
    AUD/USD 0.6918 Neutral  
    USD/CAD 1.3405 ↑ Sell  
    EUR/JPY 142.74 ↑ Buy  
    EUR/CHF 0.9997 Sell  
    Gold 1,886.05 ↑ Buy  
    Silver 22.427 ↑ Buy  
    Copper 4.0527 Neutral  
    Crude Oil WTI 73.47 ↑ Sell  
    Brent Oil 80.07 Sell  
    Natural Gas 2.442 ↑ Buy  
    US Coffee C 173.63 Buy  
    Euro Stoxx 50 4,257.98 ↑ Buy  
    S&P 500 4,136.48 ↑ Buy  
    DAX 15,476.43 ↑ Buy  
    FTSE 100 7,901.80 ↑ Buy  
    Hang Seng 21,302.00 ↑ Buy  
    Small Cap 2000 1,985.53 ↑ Sell  
    IBEX 35 9,225.60 Neutral  
    BASF 54.040 ↑ Buy  
    Bayer 56.68 Neutral  
    Allianz 220.75 ↑ Buy  
    Adidas 161.06 ↑ Buy  
    Lufthansa 9.902 ↑ Sell  
    Siemens AG 145.02 ↑ Sell  
    Deutsche Bank AG 11.530 Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,710
(-20/ -20) # 1,380
SJC HCM6,650/ 6,730
(10/ -10) # 1,399
SJC Hanoi6,650/ 6,732
(10/ -10) # 1,401
SJC Danang6,650/ 6,732
(10/ -10) # 1,401
SJC Nhatrang6,650/ 6,732
(10/ -10) # 1,401
SJC Cantho6,650/ 6,732
(10/ -10) # 1,401
Cập nhật 06-02-2023 09:07:37
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,872.13 +6.99 0.37%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
ↂ Giá dầu thô thế giới
WTI $73.73 +0.03 0.03%
Brent $80.02 -0.08 -0.10%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.250,0023.620,00
EUR24.639,0326.018,73
GBP27.488,1528.660,31
JPY172,43182,55
KRW16,2619,82
Cập nhật lúc 09:01:34 06/02/2023
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán