[ad_1]
– The important thing in the coming weeks is that there will be a reporting season with several quarterly reports. The market will analyze the results and the signals given in the reports, says Isabelle Thompsen, portfolio manager at the Gjensidige Foundation.
Since February, the crown pandemic and falling oil prices have caused stock markets around the world to fluctuate sharply. From the end of February to mid-March, the main index of the Oslo Stock Exchange fell more than 30%, but has now recovered somewhat.
Think signs are the most important thing
Isabelle Thompsen talks about stocks and such. Portfolio Manager Isabelle Thompsen at the Gjensidige Foundation.
(Photo: Private)
The number of companies that are losing the drastic measures that governments around the world have implemented will be reflected in part in the coming time, when quarterly reports are released for the first quarter of the year. However, the coup at the Gjensidige Foundation does not believe that the results are the most important for the markets.
– There are some downward adjustments that have already been included in the price, so perhaps the most important thing is the signals that companies send. How do you imagine the future and development? How do you imagine growth in the future?
She believes they are poised to make the quarter weaker than expected for various companies, and that investors are now thinking more long-term when buying stocks.
– You will probably not focus on the amount of profit, but on how long you can expect to have this uncertainty.
– It has been normalized to some extent
Although there is still a lot of uncertainty in the market, Thompson believes that the period with the largest fluctuations is behind us.
– There is still a lot of volatility, but it may be that the strongest is over. At the same time, there is a lot of uncertainty associated with the gradual reopening of the economy, and if there are negative surprises, we will likely see many fluctuations.
She believes that much will depend on the gradual reopening of society in the future.
– Very little is known about the virus, and a negative news or two can help increase the market.
– The health sector is difficult.
Despite the recent decline in stock prices, globally there are a number of healthcare companies that have grown with news related to the crown pandemic.
In Norway, among other things, the company Softox Solutions, which has developed a new disinfectant, is worth three times more today than in early March.
However, Thompson believes that one should be careful when investing in such companies.
– It is a sector that is very difficult and requires a lot of understanding and monitoring. There is a lot of speculation about possible drugs, and the market often overreacts to rumors. It is important to do a good job of calculating how much you can price and how much is pure speculation.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases using a link, which links directly to our pages. Copying or any other use of all or part of the content may only be made with written permission or as permitted by law. For more terms see here.
