William Blair & Company's report outlined some key themes and significant trends to monitor while entering 2023, providing its top stock ideas for the upcoming 12-month period.
Allianz chief economic adviser Mohamed El-Erian believes the effect of the Federal Reserve’s rate hikes is showing up in rate-sensitive sectors of the economy. However, the challenge is that drivers of inflation have shifted, he said.
Needham analyst Laura Martin reiterated Buy on Apple Inc (NASDAQ: AAPL) with a $170 price target.
Martin reduced FY23 estimates for AAPL. The analyst now projects just 2% revenue growth and lower EPS Y/Y in FY23.
The financial markets were in the doldrums for 2022, with every asset class experiencing sell-offs amid the macro challenges.
One analyst, however, expects better times ahead.
Morgan Stanley believed Tesla Inc (NASDAQ: TSLA) was set up to outperform the rest of the electric vehicle space after it gave up approximately $600 billion of market value