Stocks waver as yields rise and investors look ahead to 2023 – CNBC

December 27, 2022 by No Comments

Oil hits three-week high as investors cheer China’s quarantine changes

Oil hit a three-week high as investors hedged hopes of demand recovering on the latest news of China’s Covid restrictions easing.

Brent crude gained $1.55, or 1.9%, to $85.47 a barrel. U.S. West Texas Intermediate crude added $1.37, or 1.7%, to $80.93. 

Both hit highs not seen since Dec. 5 earlier in the trading day. China’s National Health Commission said Monday it would stop requiring travelers coming into the country to quarantine, which has been viewed by investors as a key step in rolling back the Covid restrictions that have hampered global supply chains and travel.

These S&P 500 stocks are beating the index and up at least 20% this quarter

The S&P 500 is slated for losses in 2022, but the benchmark index is still up more than 7% quarter to date and headed for its first positive period since the fourth quarter of last year.

Here are some of the stocks beating the benchmark this year, and slated to post gains for December and 2022. These stocks are also up at least 20% for the quarter.

  • Universal Health
  • Halliburton
  • Caterpillar
  • Baker Hughes
  • APA
  • Arch Capital
  • Air Products and Chemicals
  • United Rentals
  • Merck
  • SolarEdge
  • PG&E
  • Aflac
  • Omnicom
  • Las Vegas Sands
  • Philip Morris
  • Kraft Heinz
  • Campbell Soup
  • Raytheon
  • Chubb

— Samantha Subin, Gina Francolla

International and emerging market stocks seen returning most over next 7 years, GMO says

International stocks, but especially emerging market stocks — and most notably emerging market value stocks — offer the greatest likelihood of outperforming large and small stocks in the U.S. over the next seven years, even after adjusting for inflation, according to the latest monthly projection from Grantham Mayo Van Otterloo & Co.

Emerging market value stocks are likely to return a real 9% per annum over the next seven years, while emerging market stocks as a whole are forecast to return 5.2% a year. International small-cap stocks are projected to return a real 4.5% while international large-cap stocks come in at 2.4% a year, after inflation.

The …….



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