Schwab Investment Executive Likes Nike, Other Stocks

As the year rolls on, you may be wondering what next year’s stocks will look like.

Bill McMahon, chief investment officer for active equity strategies at Schwab Asset Management, sees a narrow trading range in 2023.

He expects the economic slowdown to cap the rise. McMahon likes dividends and other blue chip stocks. Consumer-oriented European stocks are also a buying opportunity, he said.

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