Summary
- Odds of a US recession are collapsing as oil prices fall and private credit fears subside, supporting a bullish equity outlook.
- I see a strong multi-year growth runway for technology stocks, driven by Big Tech capex, sector-leading margins, and attractive relative valuations.
- My preferred tech exposure is through dividend-focused ETFs like TDIV and TDVI, which offer growth and income with reasonable PEG ratios.
- Prosperity Bancshares stands out for its conservative balance sheet, acquisitive growth, and compelling dividend growth profile amid a Texas economic tailwind.
- Looking for a helping hand in the market? Members of High Yield Landlord get exclusive ideas and guidance to navigate any climate. Learn More »
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War is winding down.
Oil prices are sliding.
Private credit fears are fading.
Recession odds are plummeting.
Stocks are broadly moving higher.
It’s morning again in America. Or, at least, it’s morning again in the stock market.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of TDIV, TDVI, CDL, CGDG, VFLO, SCHD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I may initiate a long position in PB over the next 72 hours.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
