Dipan Mehta predicts a tough earnings season with volatility and muted earnings for blue chip companies due to high expectations and the base effect. He advises trimming positions and not investing further at these levels. He expects a deeper market correction and suggests booking profits, especially in stocks with suspect fundamentals. Mehta believes that financials may face minor headwinds, but the longer-term positive trends in NBFCs and banks will not change. He advises waiting for earnings results before making investment decisions.
Wall Street ends mixed, healthcare and energy stocks weigh on S&P
The Nasdaq closed higher Tuesday, while the S&P 500 and Dow declined as investors assessed economic data for the Federal Reserve’s policy outlook. Nonfarm payrolls