Q2 earnings season has been mixed: Portfolio Manager Justin Elliott
Justin Elliott, Portfolio Manager at Caldwell Investment Management, discussed on BNN Bloomberg how normalization has been a key theme in this earnings season, and that has helped industries like med devices, construction and engineering, and cloud computing, but has affected consumer goods negatively. He says investors had priced in concerns about U.S. regional banks, explaining the relatively muted reaction to Moody’s downgrade of ten banks. He explains why he favours PulteGroup.
Want to hear something good?Sign up for updates