A few years ago, India’s PM introduced the vehicle scrappage policy, emphasizing its role in phasing out unfit, polluting vehicles and promoting a circular economy.
For investors who are after steady, mature companies, beverage companies might be a good place to start. But not all of them bring the same returns to the table.
February labor report shows mixed signals: increase in non-farm payrolls but higher unemployment rate and downward revisions. Wage growth lower than expected, fueling bets on Fed rate cuts. Stocks react with slight increase, top gainers include Atlassian, JM Smucker, GFL Environmental.
BofA Securities' Michael Feniger adjusts ratings for machinery and energy companies, anticipating challenges in the machinery sector due to slow backlogs and moderating pricing. The analyst downgrades GFL Environmental and Cummins but upgrades PACCAR, reflecting a nuanced outlook amid expectations of a tightening cycle and global economic shifts.
