AI Stocks To Propel Growth, Summer Likely To Trigger Defensive Shift: Top Wall Street Analyst
Portfolio Pulse from Piero Cingari
Citigroup analysts highlight the importance of AI-related stocks in supporting growth equities and expect a defensive shift towards larger-cap equities as summer approaches. Vanguard Growth ETF (VUG) has outperformed Vanguard Value ETF (VTV) by 28% YTD.
June 06, 2023 | 3:52 pm
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Citigroup analysts remain bearish on value stocks like Vanguard Value ETF (VTV) in the near term, as it has underperformed Vanguard Growth ETF (VUG) by 28% YTD.
Citigroup analysts maintain a bearish stance on value stocks, which includes VTV. As summer approaches, they expect a defensive shift towards larger-cap equities, which could further negatively impact VTV. The ETF has already underperformed VUG by 28% YTD, indicating a negative trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup analysts maintain a bullish stance on growth equities like Vanguard Growth ETF (VUG), which has outperformed Vanguard Value ETF (VTV) by 28% YTD.
Citigroup analysts emphasize the importance of AI-related stocks in supporting growth equities, which includes VUG. As summer approaches, they expect a defensive shift towards larger-cap equities, which could further benefit VUG. The ETF has already outperformed VTV by 28% YTD, indicating a positive trend.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80