From Morningstar:

Interest rates and inflation are affecting stocks and industries in various ways, making it difficult to predict company earnings. Consumers are feeling cash-strapped, leading to reduced demand for products from companies like Nike and Starbucks. Travel and brand-based companies like EasyJet and Unilever are still delivering strong results. The shipping industry is benefiting from attacks in the Red Sea, while pharmaceutical companies like Novo Nordisk are considered overvalued, with Roche and Pfizer offering potential upside. Overall, it’s a mixed bag for the market.



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