Banco Santander, S.A.(NYSE:SAN): The profitability of U.S. banks will likely remain under pressure due to a slowing U.S. economy, high-interest rates, the possibility of CRE defaults, rising credit card debt, and deteriorating asset quality. In this scenario, it could be wise to look beyond borders and buy fundamentally strong foreign bank stocks Banco Bilbao (BBVA), Banco Do Brasil (BDORY), KB Financial (KB), Banco Santander (SAN), and Commerzbank (CRZBY). Read more…
Enterprise Products Partners L.P.(NYSE:EPD): Despite the gradual transition to greener sources of energy, oil and gas demand is unlikely to show signs of slowing down. This, along with supply disruptions, will likely drive prices higher. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks Enterprise Partners (EPD), Cheniere Energy (LNG), and CVR Energy (CVI). Read more…
BP p.l.c.(NYSE:BP): Tight supplies due to production cuts and the expected rise in oil and gas demand drive oil and gas prices, benefiting oil and gas companies. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks BP p.l.c (BP), Eni (E), and Koninklijke Vopak (VOPKY). Read more…
The U.S. banking industry faces the most formidable challenge since the global financial crisis in 2008. Therefore, it could be wise to buy fundamentally strong foreign bank stocks China Minsheng.
Gold is usually seen as a safe-haven asset during troubled times. With rising concerns of a recession later this year, it could be wise to buy gold mining stocks B2Gold.