While it is too early to say, the quarterly business updates released so far suggest things are on track for many sectors. Valuations, however, are not cheap. So in the next few weeks, focus on earnings; if there is growth, then paying premium valuations can be justified. Otherwise, stay away. Check what managements are saying. And check how some of the beaten-down sectors are looking in terms of changes in their operating matrices. Finally, keep an eye on the trade deal with the US as that will impact the real business of some companies. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
