Analysts of this company foresee a recession but that it will occur later than expected.

“The consumer still has $1.1 trillion in savings, which is excessive compared to before Covid. It's hard to know when it will be completely spent. And I think that's when we'll hit a slowdown and I suspect it will come later than a lot of people have been predicting,” the Morgan Stanley senior portfolio manager said.

Some recommendations that the expert left is to be cautious when buying technology companies such as Apple, Netflix or Google.
“The market was very strong, until this regional banking crisis hit, so I think now we are back in an area where I would be very cautious with these very large stocks because I am always nervous about companies when they do very well at the Enter earnings season. And I'm not sure the earnings numbers are significantly different. So the only thing that has really changed is the valuation. And that has gone up a lot."

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The Morgan Stanley analyst named two stocks: NextEra Energy and Waste Management. In addition, he gave the arguments of him.
“Waste Management picks up the trash and it doesn't matter if you're in a recession right now, they'll pick up your trash and they have a trick, because they're turning some of that trash into energy. It's not a cheap stock, but to me, it's a defensive stock that you want to own in this environment as well,” he stressed.

Shares of the company are trading at $165, after rising more than 5% so far this year.
“I think what you want to have in your portfolio right now are cyclical stocks that are cheaply valued if this rally continues, and I think that would surprise a lot of people,” Slimmon said of NextEra Energy.
Shares were down 0.5% on Thursday at $78.60 and post a 6.5% loss in 2023.