Investing in stock market u
U.S. manufacturing PMI rose to 52.5, marking expansion. Industrials could be a favorable segment for cyclical investing in stock market portfolios targeting medium-term returns. I view Pfizer as one of the better bargains on the market. Its forward price-to-earnings ratio is under 9. That's well below the average forward earnings multiple of over 17 for the S&P 500 healthcare sector. In the stock market bubble of the late 1990s, investors believed that the internet would usher in a golden period of extraordinary economic growth — until they didn’t, sparking a recession and a roughly 40 percent decline in the S&P 500 between 2000 and 2002. Less than a decade later, a housing bubble led to the worldwide financial crisis and the deepest recession since the 1930s. The S&P 500 lost roughly half its value. The financial wreckage to individuals’ retirement savings was so pervasive that some worried whether they ought to own equities at all. The banking sector’s Q2 results beat expectations, with loan growth outpacing last year by 3%. Value-seekers may find investing in stock market banking shares appealing given rising net interest income.
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