Easing Banking Fears, Rate Hike Pause Boost Markets: 5 Picks

Zacks2023-03-30

Market sentiment took a beating all through March after a crisis broke out in the banking sector due to the collapse of the Silicon Valley Bank. The lender’s pursuit to raise fresh capital was crushed...

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The lender’s pursuit to raise fresh capital was crushed...</p>\n\n<a href=\"https://finance.yahoo.com/news/easing-banking-fears-rate-hike-120812810.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TERN","symbol_name":"Terns Pharmaceuticals, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/easing-banking-fears-rate-hike-120812810.html","article_id":"2323719179","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fYrMRMS8WqNG3togpeCs5g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/768fd8130fee7a20c9eaf2ea78de06d7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2323719179","pubTimestamp":1680178092,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Market sentiment took a beating all through March after a crisis broke out in the banking sector due","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TERN":"Terns Pharmaceuticals, Inc.","BK4505":"高瓴资本持仓","LU1046421795.USD":"富达环球科技A-ACC","BK4581":"高盛持仓","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","FIX":"美国舒适系统","BK4548":"巴美列捷福持仓","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","DECK":"Deckers Outdoor Corporation","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4528":"SaaS概念","BK4023":"应用软件","BK4539":"次新股","BK4532":"文艺复兴科技持仓","BK4129":"建筑与工程","BK4191":"家用电器","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4139":"生物科技","BK4146":"鞋类","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4007":"制药","BK4149":"建筑机械与重型卡车","BLBD":"Blue Bird Corp","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","CRM":"赛富时","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4535":"淡马锡持仓","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","CRCT":"Cricut, Inc.","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4527":"明星科技股","LU0109392836.USD":"富兰克林科技股A","BK4538":"云计算","BK4579":"人工智能","BK4588":"碎股","BK4550":"红杉资本持仓","BK4561":"索罗斯持仓"},"translate_title":"缓解银行业担忧，加息暂停提振市场：5个选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLBD":1,"MGTA":1,"CRM":1,"FIX":1,"DECK":0.9,"CRCT":0.6,"TERN":0.6},"content_text":"Market sentiment took a beating all through March after a crisis broke out in the banking sector due to the collapse of the Silicon Valley Bank. The lender’s pursuit to raise fresh capital was crushed following run-on deposits.\nInvestors panicked that this may lead to a broader financial contagion, with more depositors pulling money out of their banks. At the same time, fears of a bank run forced lenders to stop providing loans and issue fewer mortgages, raising the threat of an imminent economic cooldown.\nHowever, the stress in the banking sector somewhat eased this week and helped the major bourses scale upward. The recent closure of the Silicon Valley Bank raised hopes that the risk of contagion has been limited. The First Citizens BancShares agreed to acquire the Silicon Valley Bank’s $72 billion assets, per the Federal Deposit Insurance Corporation (“FDIC”).\nTo top it, the banking regulators assured depositors of the failed Silicon Valley Bank that they will have access to their deposits, thereby curbing a systematic contagion fear among depositors of other regional banks. The FDIC’s deposit insurance fund aims to cover both insured and uninsured depositors of the Silicon Valley Bank.\nMeanwhile, the Federal Reserve has established a new Bank Term Funding Program that aims to protect banks in times of emergencies. The Fed will allow banks to take loans for up to one year by pledging mortgage-backed securities.\nFDIC Chair Martin Gruenberg, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell assured that the federal government has taken all the necessary steps to strengthen the banking system and that policymakers have the means to tackle any bank meltdown.\nBut it’s not just easing concerns in the banking sector that lifted the broader stock market lately. The Fed’s intention to press the pause button on interest rate hikes also improved sentiment further. The Fed officials may have raised interest rates by 25 basis points in their last meeting, but the CME Group’s FedWatch tool noted that almost 59.5% of market pundits expect no rate hike in May.\nNeedless to say, a rise in interest rates hamper economic growth by curtailing consumer outlays and increasing borrowing costs. Nonetheless, with banking fears easing and rate-hike pause hopes growing, the stock market is well-poised to move northward. Given such positives, it’s prudent for investors to place their bets on growth stocks.\nWe have, therefore, highlighted five stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and have a Growth Score of A or B, a combination that offers the best opportunities in the growth investing space. You can see the complete list of today’s Zacks Rank #1 stocks here.\nBlue Bird BLBD is engaged in the designing, engineering, manufacturing and sale of school buses and related parts. BLBD has a Zacks Rank #2 and a Growth Score of A.\nThe Zacks Consensus Estimate for its current-year earnings has moved up 31.4% over the past 60 days. The company’s expected earnings growth rate for the current year is 140%.\nComfort Systems USA FIX is a national provider of comprehensive heating, ventilation and air conditioning installation, as well as maintenance, repair and replacement services. FIX has a Zacks Rank #1 and a Growth Score of B.\nThe Zacks Consensus Estimate for its current-year earnings has moved up 5.5% over the past 60 days. The company’s expected earnings growth rate for the current year is 20%.\nSalesforce CRM is the leading provider of on-demand Customer Relationship Management software. CRM has a Zacks Rank #1 and a Growth Score of B.\nThe Zacks Consensus Estimate for its current-year earnings has moved up 23.2% over the past 60 days. The company’s expected earnings growth rate for the current year is 35.7%.\nDeckers Outdoor DECK is a leading designer, producer and brand manager of innovative, niche footwear and accessories. DECK has a Zacks Rank #2 and a Growth Score of A.\nThe Zacks Consensus Estimate for its current-year earnings has moved up 1.8% over the past 60 days. The company’s expected earnings growth rate for the current year is 13.6%.\nMagenta Therapeutics MGTA is a clinical-stage biotechnology company. MGTA has a Zacks Rank #2 and a Growth Score of B.\nThe Zacks Consensus Estimate for its current-year earnings has moved up 1.6% over the past 60 days. The company’s expected earnings growth rate for the current year is 5.4%. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSalesforce Inc. (CRM) : Free Stock Analysis Report\nDeckers Outdoor Corporation (DECK) : Free Stock Analysis Report\nComfort Systems USA, Inc. (FIX) : Free Stock Analysis Report\nBlue Bird Corporation (BLBD) : Free Stock Analysis Report\nMagenta Therapeutics, Inc. (MGTA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2323719179"}