Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5972
    -0.0004 (-0.06%)
     
  • NZD/EUR

    0.5535
    +0.0002 (+0.04%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,343.72
    +175.65 (+0.44%)
     
  • NZD/JPY

    90.3020
    -0.0910 (-0.10%)
     

CHART OF THE DAY: Big Investors Are Most Excited About This Sector

Earlier today we looked at Citi's survey of 115 institutional clients that showed growing bullishness around the U.S. economy and U.S. equities.

These investors expect S&P500 EPS to grow over 7 percent year-over-year (weighted average) and expect the index to close at 1,422.

While investors are most bullish on U.S. equities they have a strong preference for IT stocks, followed by financials. They however show "disdain" for utilities and telecom services - two areas that Citi analyst Tobias Levkovich recommends being overweight.



More From Business Insider