(This story is for CNBC Pro subscribers only.)
Asia is expected to bounce back this year from the worst of the pandemic, and analysts are expecting earnings growth in the region to be stronger than the West.
Some have predicted that Asia's earnings could jump by more than 20% this year.
Research firm Morningstar pointed out that investors have already piled into cyclical sectors triggered by positive vaccine news, ahead of stronger earnings this year which will likely boost Asian markets.
Cyclical stocks are those tied to the economic cycle, and they tend to have stronger performance when the economy improves.
With President-elect Joe Biden due to be sworn in this week, market uncertainty could be further reduced, the research house said, pointing out that Biden has been said to be more predictable in foreign policy.
Morningstar is bullish on three sectors, and names its top pick for each.
"asian" - Google News
January 19, 2021 at 11:00AM
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Top stock picks as Asia markets poised for rebound on strong earnings - CNBC
"asian" - Google News
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