Wall Street shaken, JCI also slumps: What do investors do?

Jakarta - Starting this week, investors were shocked by the significant drop in the Wall Street stock index. The negative sentiment that hit global markets was triggered by concerns about a potential recession in the United States. This situation triggered corrections in various global indices, including in Indonesia.

The faltering pace of the US economy has made many people doubt the ability of the Federal Reserve (The Fed) to respond to this situation in a timely manner. Many views say that the Fed was late in cutting its benchmark interest rate, which should have been an impetus to get the economy moving. This adds to negative sentiment in the market.

This condition not only has an impact on Wall Street, but also the composite stock price index (IHSG) in Indonesia. The decline in prices of the majority of commodities also adds pressure to the JCI, which is predicted to continue to weaken throughout trading today, Tuesday, August 6 2024. The JCI is projected to move in the support range of 6,900-6,740 and resistance 7,220-7,380.

However, amidst this uncertainty, there are always opportunities for investors. CGS International Sekuritas Indonesia provides recommendations for collecting shares that have good potential in the future. Recommended stocks include Mayora Indah (MYOR), Medikaloka (HEAL), Mitra Keluarga (MIKA), Amman (AMMN), Jasa Marga (JSMR), and Cimory (CMRY).

Mayora Indah (MYOR), for example, has a strong track record in the food and beverage industry. Medikaloka (HEAL) and Mitra Keluarga (MIKA) show potential in the health sector, while Amman (AMMN) is an important player in the mining industry. Jasa Marga (JSMR) and Cimory (CMRY) are also considered promising stocks with good growth prospects.

In the midst of volatile market conditions, investors are advised to remain vigilant and consider strategic steps in their portfolio. Even though negative sentiment dominates, opportunities to gain profits remain for those who are able to see gaps amidst uncertainty.

The current market situation teaches us to always be ready with a mature strategy and a far-sighted view. Because, even if a storm hits, there is always opportunity for those who are ready to face it.