Riskiest Companies Fuel Stock Rally
Companies with riskiest outlooks fuel stock rally
Since the stock market started rallying in early March, the biggest winners have been those with the riskiest outlooks, according to this article. "By far and away the strength has been in financials and consumer" stocks, said Neil Hokanson, an adviser in Solana Beach, Calif. "And when we look at the underpinnings in both of those areas we don't see any reason for that level of optimism." Some say the rebound, while not unusual, will need to shift to shares of higher-quality firms -- or else ongoing economic difficulties and disappointing earnings could kill the rally.
Since the stock market started rallying in early March, the biggest winners have been those with the riskiest outlooks, according to this article. "By far and away the strength has been in financials and consumer" stocks, said Neil Hokanson, an adviser in Solana Beach, Calif. "And when we look at the underpinnings in both of those areas we don't see any reason for that level of optimism." Some say the rebound, while not unusual, will need to shift to shares of higher-quality firms -- or else ongoing economic difficulties and disappointing earnings could kill the rally.
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posted by Victor Lloyd Smith @ 10:00 AM
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