Today, while investors have lower expectations for revenue trends, there is potential for mid- to high-single-digit earnings growth. Considering the current level of valuations, our outlook is fairly constructive for corporate earnings in 2013. For some time, our theory has … Continue reading
The economy today has progressed to the middle stages of the recovery. In the early stages, we typically see companies in cyclical sectors outperforming the rest of the market and rebounding from their lows with huge earnings growth rates. In … Continue reading
The recovery in corporate earnings appears to be in transition to a slower pace of profit growth. Typically, conditions like these make active, fundamental research more important for choosing equities.
The magnitude of uncertainty in China’s politics and policy today is undeniably daunting. Western observers — and even the Chinese — simply do not know in what direction China’s new leader, Xi Jinping, will take the country or how constrained … Continue reading
Analyzing dividend-paying stocks focuses on more than just yield. It’s important to differentiate companies that can simply support a dividend from those that can potentially grow the dividend in the short or long term.
With equity markets reaching levels not seen since the financial crisis in 2007 and 2008, the recent rally has underscored positive fundamentals. However, while we believe the stock market today offers many attractive opportunities, our view is probably more tempered … Continue reading
As growth investors, we identify broad trends that can drive changes in business models and new opportunities for profits.
Fundamental investment research indicates that small companies in China are not yet translating the region’s economic growth into greater productivity or profits for investors.
As the slowdown in economic growth continues in Europe, investors may be concerned about the likelihood of a worsening contraction. Still, opportunities remain in the region.
