Investors estimate March’s JOLTs Job Opening to be lower on MoM basis, and March’s disappointing reading is most likely to subdue the Dow Jones. The bearish Dow and the grim prospect of March’s forex reserves navigate JCI’s trend in this week. The currently unprecedented global economy dysfunction curtails the rupiah as worried investors rush into gold as a typical hedge or haven. We pencil in the gold-rush momentum proves a boon for stocks of miners whose revenues hinge on gold sale, i.e., ANTM. NHKSI recommends ANTM as this week’s top-pick stock estimated to hit price target of IDR1,100 based on a 26.1x P/E trailing band.
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