Blackrock’s Bob Doll says the U.S. economy “is doing just fine, thank you”, and expects to see second-half growth come in around 2%. Doll also tells Bloomberg that he expects to see a strong third-quarter earnings season, and says that with the market offering a dividend yield higher than the 10-year Treasury yield for the first [...]
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Are Stock Prices Already Factoring In An Earnings Slowdown?
September 13, 2011
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Michael Lipper, a former president of the New York Society of Security Analysts, says he thinks stocks are already pricing in a slowdown in sales growth and a decrease in profit margins. “One of the many lessons that I learned from John Neff, who was the great portfolio manager of the Windsor Fund, (now known [...]
Read moreSonders on Earnings and The Market
September 2, 2011
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While some fear that a decline in corporate earnings growth will send the stock market tumbling, Charles Schwab Chief Investment Strategist Liz Ann Sonders says they’re off base. “There is this misperception that the minute the peak of earnings happens, the market is going to fall out of bed,” Sonders tells Bloomberg Surveillance. “The market [...]
Read moreTop Strategists See Slow Growth, Strong Profits for U.S. Firms
August 22, 2011
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ISI Group’s Ed Hyman, who has been one of the top-ranked economists on Wall Street for years, says he doesn’t see a new recession hitting the U.S. “The economy has definitely slowed down globally, both developed and emerging. There is probably a 30% chance of recession in the U.S.,” Hyman says in an interview with [...]
Read moreDoll on the Debt Ceiling’s Impact on His Portfolio
July 27, 2011
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Blackrock Chief Equity Analyst Bob Doll says he hasn’t sold any stocks because of the debt ceiling imbroglio, and he expects a deal will get done. “We’re going to have a massive circus,” Doll tells CNBC. “It’s not going to be fun. In the 12th, maybe 13th hour we get something done and we move [...]
Read moreBirinyi Sees Huge Jump Coming for Stocks
January 5, 2011
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Strategist Laszlo Birinyi was ahead of the curve in calling the big market rally that started in March of 2009. Now, he says the bull run has a ways to go — a long ways to go. According to InvestmentNews.com, Birinyi said in a recent letter to clients that he thinks the S&P 500 — [...]
Read moreDoll: Strong Earnings Should Drive Market
August 2, 2010
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Blackrock’s Bob Doll says he thinks the market is more likely to be up than down in August. Doll tells CNBC that while there has been a “U-shaped, lazy economic recovery”, the corporate profit recovery has been strong. “People can’t buy the economy; they can buy companies that generate earnings,” he says, adding that valuations [...]
Read moreStocks Cheaper vs. Bonds than at Bear Market Lows, Top Managers Say
July 26, 2010
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O. Mason Hawkins and G. Staley Cates, whose three Longleaf Partners’ funds have handily beaten the market over the past year and the long term, say stocks present a “superior” opportunity at current levels. “Equities offer a superior opportunity for investors today, particularly compared to fixed income,” Hawkins and Cates write in their latest quarterly [...]
Read moreHussman: Don’t Believe That Stocks Are Cheap
July 13, 2010
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While Liz Ann Sonders says stocks are undervalued using her computation of “normalized” earnings, fund manager John Hussman has a far different view. In his latest market commentary, Hussman says the S&P 500 is trading for about 40% above historical norms based on his own normalized earnings calculation. One apparent difference between Sonders’ and Hussman’s [...]
Read moreDoll Likes Energy, Industrial Commodities
April 26, 2010
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Blackrock’s Bob Doll says that, while it may be due for a “stall” or sideways consolidation, he thinks the market’s longer-term direction will continue to be upward, as long as we continue to see strong GDP, earnings, and revenue numbers. He’s high on energy- and industrial commodity-related stocks.
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