ISIS Asset Management says corporate earnings in the US should stay strong through this year, but adds there are still dangers in the form of continued high unemployment and the weak dollar.
The optimistic view on earnings runs counter to a general view that the second half of this year will see a deterioration in earnings growth as the impact of tax cuts and corporate cost-cutting diminishes, ISIS says. David Currie, its director head of North American equities, believes earnings momentum will be retained, and that the productivity gains of the past couple of years linked to the strengthening recovery will enable companies to keep growing earnings. With more than 500 companies to choose from to populate the North American portfolio he is in charge of, Currie says there a...
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