Fresh from Memorial Day, Wall Street opened with still uncertain futures. Analysts currently prefer to remain cautious as they await the upcoming employment data on Friday. But despite this, in consideration of the macro data already published and above all of the mammoth support work that involved both the Biden administration and the Federal Reserve at the same time, on the other side of the ocean there is already talk of growth coming. In fact, there are currently no obstacles to the rise in equity markets. Just think, for example, of the Morgan Stanley report which looks favorably on the Old Continent and on some important factors for its economic recovery.
It’s no longer just the time for technology, here’s what to focus on from now on Wall Street
Those who look at the US trading center, in fact, cannot help but realize its continuous historical highs, which are increasingly revised upwards. A trend that has been recorded over time thanks to the big names in the technology sector. These are securities that have long attracted the attention of investors, also thanks to the new dynamics of smart working imposed by the pandemic. But now, with the reopenings, it’s no longer just the time for technology, here’s what to focus on from now on on Wall Street.
The sectors in the crosshairs of the experts
Precisely with the anniversary of the aforementioned Memorial Day, the USA celebrates the beginning of summer. A summer that this year will also benefit from the reopening and the relaxation of restrictions. In addition to the repressed demand.
Anyone who is familiar with the American social reality knows that a trip to one of the many theme parks in the nation is a must for families. For this reason B. Riley has decided on a rating buy on Cedar Fair shares which operates water parks in both the US and Canada. Not only that, but in addition to the positive opinion, the analysts have also decided to increase the target to $ 75 from the previous 70. But when it comes to theme parks, we cannot fail to mention Disney Co. (NYSE: DIS). From BofA Securities the rating is buy with a target set at 223. Good news also for the airline sector Boeing Co collected Cowan’s outperform rating with target at 270.
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