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Macy's rejects $5.8B takeover offer, uncertainties around Fed's monetary policy, cannabis industry's potential rebound in 2024, risks and lobbying efforts in the industry, challenges of creating an ETF strategy, and sponsor ads for CrowdStrike and Bloomberg.
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Quick takeaways
- Tech companies like Microsoft, Palo Alto Networks, Amazon, Broadcom, and ServiceNow are considered defensive stocks due to their reliable earnings growth and strong balance sheets.
- Proposed regulatory changes, such as the rescheduling of cannabis from schedule one to schedule three by the DEA, could be a game changer for the cannabis industry.
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Tech companies seen as new defensive stocks
Tech companies like Microsoft, Palo Alto Networks, Amazon, Broadcom, and ServiceNow are considered defensive stocks due to their reliable earnings growth and strong balance sheets. These companies have shown robust earnings and revenue growth, making them attractive investments in a slowing economic environment. Additionally, these companies can benefit from higher interest rates and have the potential for share buybacks. Investors may consider adding these stocks to their portfolio on market pullbacks.
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