Lorne Steinberg's Top Picks: February 1, 2024 [BNN Bloomberg (Canada)]
COMPASS GROUP SP/ADR (CMPGY)
NASDAQ:AMEX Investor Relations:
compass-group.com/en/investors.html
Company Research
Source: BNN Bloomberg
Inflation and interest rates continue to dominate the headlines, as markets are pricing in some central bank easing in 2024. Despite the tougher rate environment, the global economy has remained resilient, and the International Monetary Fund (IMF) recently increased its forecast for gross domestic product (GDP) growth this year and next. With inflation continuing its downward trend, we expect that central bankers will reduce rates at least somewhat this year, which would lighten the burden on indebted consumers, and provide enough of a boost to keep the economy out of recession. For investors, 2024 has started off where 2023 ended as the technology and communication sectors are among the best performers, while most everything else is treading water. The result is that there are a number of world-class companies whose share prices remain cheap, despite the fact that the market indices are hitting new highs. Banks, healthcare and consumer stocks are among the most beaten up, and all
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News
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- Compass Group Reinforces Commitment to Reduce Food Waste on 8th Annual Stop Food Waste Day [Yahoo! Finance]Yahoo! Finance
- Compass Group Reinforces Commitment to Reduce Food Waste on 8th Annual Stop Food Waste DayBusiness Wire