Nigel Green, CEO of deVere, shares his thoughts and opinions on the markets and stock choices for the rest of 2023.
“I think the market is going to be relatively flat for the rest of the year, so you should be looking at longer-term anyways. I have a percentage in Fixed Yield Products that offer decent returns at lower risks.”
He goes on to add that energy is the way to go, as it should make a big comeback. “I believe the world will pick up before the end of the year on energy stocks in particular.”
Semi-conductors are also part of his choice as they are critical components in AI. Companies in the AI field, like Nvidia and AMD, should do well. But he does caution to not just think about the rest of the year but to think long-term.