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Earnings season: Time to be aggressive in the hunt for growth
The outlook for first quarter earnings is muted, says Saxo Bank’s Peter Garnry. He’s agressively hunting for pockets of growth and here’s where he’s finding them.
Garnry looks at the factors likely to impact first quarter earnings like the lagging impact of a strong dollar and he examines how sectors like energy and financials are expected to have performed in the first three months of the year.
Despite a weak quarter for financials, Peter says they have the potential to surprise to the upside on a positive outlook for Q2 and Q3.
Peter is also positive when it comes to US tech stocks, which he says have impressive growth rates of 15-20% compared to a few percent for the average S&P 500 company. He also outlines his trading strategy, which is to be aggressive rather than defensive.
03:00 minutes
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