Despite mixed economic signals, earnings have held up strongly, with 65% of S&P 500 companies beating estimates. Orton highlights the role of artificial intelligence (AI) and defence in driving performance, adding that the “Magnificent Seven” US tech giants posted 22% year-on-year earnings growth.
Turning to India, Orton believes the market is “probably towards the tail end of a sell-off,” with the country nearing the bottom of its earnings cycle. He credits India’s strong gross domestic product (GDP) growth and lower exposure to US tariffs as key supports for long-term resilience.
Among Indian stocks, he stated Jio Financial Services for its AI-driven lending model and One 97 Communications (Paytm) for margin improvements, alongside favourites like ICICI Bank and InterGlobe Aviation. Orton also sees a global opportunity in aerospace and defence, with Hindustan Aeronautics looking very interesting given government demand in the helicopter segment.
Also Read: Lyn Alden turns cautious on US markets, says tariff risks are being underpriced
Although optimistic, Orton remains cautious about deploying fresh capital immediately, saying technicals “don’t look wonderful,” but sees any deeper correction as a chance to buy into quality names.
For the entire interview, watch the accompanying video
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