US Fund Managers Tip Financials and Healthcare Stocks

US equity fund managers from T. Rowe Price, Jupiter Asset Management and Fidelity give their views on the US stock market outlook for 2017

Emma Wall 4 January, 2017 | 10:00AM
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All this week, will be bringing you a Guide to Investment Ideas for 2017; stock picks, market reactions and political forecasts from the investment professionals.

Larry Puglia, T. Rowe Price US Blue Chip Equity

S&P 500 earnings should rebound in 2017 and 2018, reflecting a sharp improvement in energy; however, analyst projections have sometimes been optimistic, so some caution is warranted. We do not expect gradually rising interest rates over the next 12-18 months to be a stumbling block for equities. In the US equity markets, defensive low-volatility sectors like utilities, telecom and staples have outperformed, but this trend may be changing as we enter 2017. Information technology and health care are the industry sectors with the most attractive valuations.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Fidelity Global Special Sits A Acc5,656.00 GBP0.07Rating
Jupiter North American Income L Acc202.51 GBP-0.56Rating
T. Rowe Price US Blue Chip Eq Q USD43.87 USD0.75Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar