Estee Lauder, Sony, Alibaba, Caterpillar make Jefferies global stock picks list

Jefferies has launched its inaugural international inventory picks listing, with the financial institution favoring names reminiscent of Estee Lauder, Sony, Alibaba, Prudential and Caterpillar.

The funding financial institution stated it believes rising markets, notably these in Asia, will see “probably the greatest working environments in years” resulting from recession in additional developed markets, a weaker US greenback and the re-opening of China. The agency’s prime picks have been firms it sees as having “outsized” publicity to these markets reminiscent of Boeing (NYSE:BA), Estee Lauder (NYSE:EL), HSBC (NYSE:HSBC), Mitsubishi UFG Monetary Group (NYSE:MUFG), Prudential (NYSE:PRU) and Sony (NYSE:SONY).

Jefferies stated it additionally favors firms those who they see as market leaders in secular innovation and more likely to profit from “seismic shifts” of their areas. The financial institution’s picks have been Alibaba (NYSE:BABA), ASML (NASDAQ:ASML), Dexcom (NASDAQ:DXCM), Glodon and NVIDIA (NASDAQ:NVDA).

The agency additionally believes firms linked to commodities and uncooked supplies can have an edge, resulting from latest provide chain constraints and, in some circumstances, underinvestment within the house. Corporations making this listing have been Caterpillar (NYSE:CAT), Fuyao Glass, Glencore (OTCPK:GLNCY) and Shell.