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These eight ASX stocks aren’t pricing in a slowdown

While consumer stocks are under real pressure, valuations and earnings estimates remain too high for the coming decline, UBS says.

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The coming slowdown – and possible recession – could look very different for ASX investors, who will need to navigate the bizarre combination of sales in some parts of the markets plunging while profit margins hold up.

That’s the view of UBS equity strategist Richard Schellbach, who says the overall market, and some stocks in particular, aren’t pricing in a slowdown.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/these-eight-asx-stocks-aren-t-pricing-in-a-slowdown-20230629-p5dkec