Despite a cautious start to the week in global equities, market strategist Matt Orton remains optimistic about the market outlook, particularly for India. He believes India has the potential to outperform the broader emerging market complex.
Orton, Chief Market Strategist at Raymond James Investment Management, shared his investment strategy heading into the new year. He is focused on tweaking and adjusting weights among his current holdings, rather than adding new names to his portfolio.
Orton expressed continued confidence in his 'winners' from this year, including Mahindra & Mahindra, HDFC Bank, and Adani Ports. He believes these stocks are well-structured to continue performing well into the next year.
Orton is considering increasing his allocation to Swiggy, citing its strong capital structure and access to capital. He also highlighted the importance of the defense sector, citing the need for increased investment in smart missiles and smart defense as a durable, long-term growth theme.
Other stocks on his radar include InterGlobe Aviation (Indigo) and Tata Consultancy Services (TCS). However, Orton advised caution against buying the dip in InterGlobe Aviation due to regulatory uncertainty.
Overall, Orton's 2026 outlook is focused on playing offense with defense, highlighting the importance of investing in sectors that are poised for long-term growth, such as defense and IT services.
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