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Market Tips: Drop Consumer Stocks, Buy Medical Sector

CNBC.com
Wednesday, 8 Jul 2009 | 4:47 AM ET

Global stocks were down again on Wednesday as Group of Eight leaders make their way to Italy to discuss the global economic downturn and ahead of the Alcoa's earnings, the first of U.S. companies to report second-quarter results.

US Earnings Kicks Off

This earnings season is all about showing the money. Kent Shepherd, portfolio manager at Franklin U.S. Equity Fund is cautious over consumer discretionary stocks, but is more optimistic over the hi-tech medical sector.

Look To Q4 for Better Numbers

The fourth quarter will see better corporate earnings as the global economic recovery gains traction, says Sean Darby, head of regional strategy at Nomura International.

Where Next for the Dollar?

If the S&P 500 breaks below the recent lows of 873, we might see the dollar accelerating to the upside, says Ray Attrill, global head of research at Forecast Australia.

Crude Prices May Find Support at $60/bbl

Nader Naemi, senior investment strategist at AMP Capital sees support for crude prices at around the $60 a barrel mark.

Get Exposure in Banks and Property Plays

China's growth-sensitive sectors such as banks and property stocks will likely outperform market expectations, says Frank Gong, head of research at JPMorgan.

How to Include ETFs in Your Portfolio

With ETFs all the rage now, Thorsten Michalik, head of global ETFs at Deutsche Bank discusses how investors can include ETFs as part of their portfolio in this installment of "Protect Your Wealth".

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  • Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.

  • Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.

  • European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.