These stock groups can carry you through a volatile 2020, says top investor (via TradingNation)
," Donabedian said. "So, we do think there's upside for the market next year. We think the bull market will a year from now ... still be in a bull market, although we don't expect nearly the sort of gains for the S&P certainly that we're seeing this year."
Donabedian, whose firm handles approximately $59 billion in assets, said he is targeting a 6-8% total return for the S&P in 2020 based on what he expects to be 5% growth in operating earnings. "We don't see a lot of room for multiple expansion," he said, adding that equity price increases will "have to be driven by earnings."
"The consensus estimates are for 9 or 10% operating earnings growth. We think that's too high," Donabedian said. "Those estimates are already coming down. We think they'll settle in probably in the 5 to 7% range, looking at some decent revenue growth and a little bit of productivity on top of that. But that earnings growth is really a necessary component if we're going to continue to see the bull market extend through 2020.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Emerging market growth to spur high-yield carry trades in 2020: Reuters pollEmerging market currency gains will probably be dominated by high-yielding curre...
Leer más »
Kristen Stewart Plays Both Romeo and Juliet in the 2020 Pirelli CalendarA handful of entertainment's biggest names make the case for a modern-day take on Shakespeare's most iconic play.
Leer más »
See Every Look From Dior Men's Fall 2020 CollectionThe brand presented its runway show on Tuesday in Miami.
Leer más »
Tokyo 2020 marathon, race walk events rescheduled after Sapporo moveAs Japan readies for the 2020 Olympic games, radiation hot spots have been found near the starting point for the torch relay in Fukushima, environmental pressure group Greenpeace said.
Leer más »
Monse Pre-Fall 2020 Fashion ShowThe complete Monse Pre-Fall 2020 fashion show now on Vogue Runway.
Leer más »
Prepare to Conquer 2020 in Sephora’s Last Round of 2019 Launches.Sephora's final launches of the decade are here and they are good.
Leer más »