ACTV - Are Corporate Earnings Justifying The Recent Run Higher In Stocks?
2024-02-09 04:00:00 ET
Summary
- Corporate earnings have been solid and may justify record valuation.
- Tech has done well, but energy, materials and healthcare have not.
- Strong economic growth preventing rate cuts a current risk.
As markets trade at or near record highs, are corporate earnings justifying the recent run in stocks? MoneyTalk's Greg Bonnell discusses with Damian Fernandes, Managing Director & Portfolio Manager with TD Asset Management.
Transcript
Greg Bonnell: Well, we're in the thick of earnings season. US markets are trading in record territory, but as investors pore over the results, they may be asking whether these high valuations are justified. Joining us now to discuss, Damien Fernandes, Managing Director and Portfolio Manager at TD Asset Management. Damien, great to have you back on the show....
Are Corporate Earnings Justifying The Recent Run Higher In Stocks?