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Yet the reality is far more nuanced.” -- Shehriyar Antia, Head of Thematic Research, PGIM. \"Rising geopolitical tensions and expanding trade restrictions may appear to signal the globalization pendulum has swung hard in the opposite direction, pitting national interests against a shared global good. Yet the reality is far more nuanced,\" said Shehriyar Antia, head of Thematic Research at PGIM. \"Even if America’s ‘small yard’ of protected industries grows larger, roughly 80% of global trade happens beyond U.S. borders, and companies in most industries will still seek out the benefits of free trade and competitive advantage.\". 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Even though these industries are down several percent from peaks, they still trade fairly expensively -- and are vulnerable to another drop -- given that analysts could reduce earnings expectations.The stock now trades at 13.1 times earnings analysts expect for the coming 12 months, about 34% below the S&P 1500's 19.7 times, one of its steeper discounts to the in","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1084165304.USD","LU0444971666.USD","LU1989771016.USD","LU1878469433.USD","LU0012050646.USD","LU0158827948.USD","BK4134","SG9999002224.SGD","SG9999015945.SGD","LU0476273544.USD","LU1035775433.USD","SG9999001424.SGD","BK4534","IE00B5949003.HKD","LU0061474960.USD","BK4543","LU2089284900.SGD","BK4162","LU2028103732.USD","BK4573","MET","LU0158827781.USD","LU1119994496.HKD","AMAT","LU1778281490.HKD","LU0348723411.USD","BK4604","LU1803068979.SGD","LU2125910500.SGD","IE00BQXX3C00.GBP","VOYA","EPAM","BK4561","BK4554","PRU","LU0047713382.USD","LU2106854487.HKD","LU1989772923.USD","LU0354030438.USD","LU2458330243.SGD","SG9999002232.USD","QCOM","LU2111349929.HKD","BK4567","LU1674673691.USD","LU2089283258.USD","LU2023250843.SGD","LU2023251221.USD","BK4532"],"gpt_icon":1}],"pageSize":4,"totalPage":50,"pageCount":1,"totalSize":200}]}}