Asian stocks fell and European markets were flat Monday as investors mulled the economic situation ahead of some big corporate earnings out this week. Oil prices extended their decline, falling below $60 a barrel. Experts tell CNBC oil is attractive at its current level.
Oil Presents Good Buying Opportunity
Oil presents a good buying opportunity at the current levels, believes Peter McGuire, MD at Commodity Warrants Australia.
Watch for IPOs from Energy Sector
Power companies are likely to raise funds from equity markets in the next few months, says Jigar Shah, senior VP & head of research at Kim Eng India.
China's Recovery Will Help Steel Sector
Asia steelmakers' profits are set to tumble in the second-quarter on slowing demand. But Helen Lau, senior research analyst at OSK Securities believes China's recovery will help to lift steelmakers and improve their earnings outlook.
Big Gains for Small Caps
Some small cap stocks are set to rake in big gains say Ben Griffiths, director of Eley Griffiths Group and Matthew Kidman, portfolio manager at Wilson Asset Management.
Stay Positioned for Eventual Recovery
Investors should stay positioned for an eventual recovery, says Wong Sui Jau, GM at fundsupermart.com.
Markets to Retreat Further
"We've been going this wave of indecision for the past 2-3 weeks, which I really think is going to give way to further retreats, not only in the US but also in emerging markets and the FTSE," Ashraf Laidi from CMC Markets said Monday.
Stay Defensive as Future Looks Murky
"There's a real extreme caution about what's happening in the market," Simon Grose-Hodge from LGT Bank in Lichtenstein said. "The outlook for the next 6 months could be considerably worse than the market has priced in." Jacob Schmidt from Schmidt Research Partners agrees. Both suggest staying in defensive stocks.
Picking Hidden Gems in Strong Growth Stocks
"We're looking for companies who aren't being researched generally," James Wheatcroft from Evolution Securities said Monday. "These are companies that are certainly decent sized." He likes the UK's Booker Group, who is only being followed by 3 brokers.
Private Equities, Boutique Firms Are Thriving
"Right now is an excellent time for private equity," Bob Long, CEO of Conversus Asset Management said. "Private equity has historically earned its best returns during periods of dislocation and difficulty in the markets." Anthony Fry from Evercore Partners explains why boutique firms are drawing investors in.