Matt Orton says India may attract global money next
In short
Matt Orton of Raymond James says India could be the next place global money flows into as the AI trade cools. He remains positive on select Indian financial, technology and consumer stocks and says investors should buy on weakness.
What the reporting says
Matt Orton of Raymond James said India could be the next destination for global money as the AI trade cools, according to a publisher-supplied market summary. He said he remains positive on select Indian financial, technology and consumer-facing stocks and advised investors to buy on weakness. The note points to a supportive stance on parts of the Indian market.
Why it matters
He also said he remains positive on select Indian financials, technology and consumer-facing stocks and advised buying on weakness. The comment supports a constructive view on parts of the Indian equity market.