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Stock impact report

Lorne Steinberg's Top Picks December 10, 2024 [BNN Bloomberg (Canada)]

NESTLE S.A S/ADR (NSRGY) 
NASDAQ:AMEX Investor Relations: nestle.com/investors
Company Research Source: BNN Bloomberg
MARKET OUTLOOK: One outcome of the U.S. election has been a stock market rally, driven by the prospect of less government regulation as well as tax cuts. As if that wasn't enough to bring good cheer to investors, the expectation of further rate cuts from the U.S. Federal Reserve is also helping to boost investor optimism. The U.S. economy remains relatively strong, but growth is more muted in Europe, Canada and elsewhere. The slowdown in China continues to be an impediment for earnings growth among many multinationals, and the government there is implementing yet another stimulus package. While further stimulus may still be required, we expect that China's economy will stabilize over the next year, providing some balance to global growth. The strong performance of U.S. corporate earnings, and the aforementioned policy initiatives, combined with various geopolitical issues, has resulted in a strengthening of the U.S. dollar against most other currencies. With the weakness of t Show less Read more
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