Piper Sandler shares 9 stocks and 5 ETFs to tap into a thriving trade insulated from AI jitters
Photo by Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images Piper Sandler is among the chorus of Wall Street firms highlighting quality stocks. The firm said financially healthy companies would outperform amid rising interest rates, oil prices. It listed preferred stocks and ETFs to gain exposure to the theme. Wall Street is high on quality stocks as the AI trade wobbles , with firms like Morgan Stanley and Goldman Sachs recently touting the factor to clients. Piper Sandler is joining the party, publishing a guide to the quality trade for clients last week in which the firm said that quality stocks are poised for further upside. "We believe we are in a backdrop today that is conducive to quality themes outperforming," Michael Kantrowitz, the bank's chief investment strategist and head of portfolio strategy, wrote in the note. The bank has its own definition of quality. It emphasizes high free cash flow yield, high return on equity, return on invested capit...
