SAFE - Picking Winners And Losers: Best Stocks To Buy Now
The stock market's tumble in mid-March was driven by indiscriminate selling caused by an awakening to the possibility of double-digit unemployment and up to a 30% drop in second quarter gross domestic product ((GDP)), coupled with changes in margin requirements resulting in forced liquidation. Since the bottom last month, the market rally has also been indiscriminate, with just about every stock gaining ground.
That's unlikely to continue.
In the past week, we've started seeing selectivity creep back into decision-making. Defensive baskets, such as healthcare, and technology are outperforming, while economically-sensitive baskets, including financials, are generally