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Ally Invest Quarterly Market Outlook Survey: Investors Remain Bullish As Long As Interest Rates Hold SteadyCHARLOTTE, N.C., April 15, 2019 /PRNewswire/ -- Ally Invest Quarterly Survey Highlights:
In the latest quarterly investor survey from Ally Invest, the online trading and investing arm of Ally Financial Inc., independent investors expressed a more positive outlook on stocks leading into the second quarter than they did in the first quarter. For Q2, those respondents that described themselves as bullish doubled to 35% as compared to the start of Q1. The results of the in-house survey, conducted March 27 through April 3, 2019, are based on responses from approximately 300 independent investors. The Key Market Drivers The bullish sentiment by investors appears, in part, supported by the majority of respondents' belief that interest rates will remain unchanged this year (67%) and the government will sign economic trade agreements that will help drive the markets higher (61%). Other major market drivers cited by respondents include positive year-over-year earnings (26%), low unemployment rate (24%), lack of inflation (18%), and tax reform (15%). The top market concerns for investors include a potential recession (62%), the possibility of negative international trade news (52%), the current domestic political environment (50%), and the potential for slowing economic growth (46%). Interestingly, Brexit did not appear to be a major issue for the majority of investors with 75% stating they believed it would have little to no impact on the U.S. market for the quarter ahead. "The results of our Q2 outlook survey indicate that many investors view a few major issues, such as Brexit and slowing corporate growth, as either already built into the market or not threatening enough to limit their opportunities," said Lule Demmissie, president of Ally Invest. "Thei eyes are much more trained on what the Federal Reserve will do with interest rates and whether there will be any meaningful progress made on trade." Interest in FAANGs Declines Despite Brightened Sentiment The number of respondents who said they invest in FAANG stocks (i.e. Facebook, Amazon, Apple, Netflix & Google) declined by 9 points from last quarter and 6 points from Q2 2018. For those who do, however, confidence in those stocks either meeting or exceeding market expectations has increased over last quarter.
Other Tech Stocks to Watch Beyond FAANG stocks, respondents were asked to identify other technology stocks they believe will perform well this year. Those top stocks included NVIDIA (33%), Microsoft (30%), and AMD (22%). Interest in AI, Cannabis & Robotics Stocks Grows When asked what other industries will perform well in 2019, respondents felt artificial intelligence (64%, up from 61% in Q1), cannabis (63%, up from 59% in Q1) and robotics (60%, up from 54% in Q1) are the top industries to watch. Results of the survey are for informational purposes only and not intended as investment advice. Investing involves risk. Thus, before investing you should consider what is suitable given your particular circumstances or seek professional advice. Ally Invest is the brokerage and wealth management offering from Ally that exists alongside the firm's award-winning online banking products. Ally Invest offerings consist of a low-cost trading platform for self-directed investors, as well as a suite of affordable, automatically-managed investment portfolios, both delivered through a fully-transparent online process. The combination of low-cost investing with Ally's competitive deposit products gives customers a powerful value proposition for managing their financial well-being. About Ally Financial Inc. For more information and disclosures about Ally, visit https://www.ally.com/#disclosures. Media Contacts: Sue Parente at Tier One Partners View original content:http://www.prnewswire.com/news-releases/ally-invest-quarterly-market-outlook-survey-investors-remain-bullish-as-long-as-interest-rates-hold-steady-300831782.html SOURCE Ally Financial |