Prashant Khemka, Founder of White Oak Capital Management, anticipates a shift in performance between cyclical and defensive stocks. The Budget may reinforce this phenomenon. Khemka advises maintaining a balanced portfolio, emphasizing stock picking over top-down calls. He also notes the potential positive impact of income tax savings on demand and broad sectoral benefits.
US stocks: S&P 500, Nasdaq, close slightly up in cautious start to a heavy earnings week
U.S. stocks saw modest gains as the S&P 500 and Nasdaq eked out small increases in muted trading. Investors are digesting recent record highs and
April 27, 2026