Jamie Murray's Top Picks: November 8, 2023

Top picks from Jamie Murray, portfolio manager and head of research, Murray Wealth Group

FOCUS: North American equities

MARKET OUTLOOK:

With third-quarter earnings almost in the bag, companies have reported earnings beats mostly in line with historical levels. Earnings beats have been tilted toward the communications services, information technology and industrial sectors. Misses are found in the interest rate-sensitive sectors like real estate and utilities as well as consumer discretionary. Despite the solid earnings prints, market pessimism remains high with investors focused on the effects of higher interest rates and a potential recession.