Brett Gallagher
Brett Gallagher
best bottom companies developed ends giving market pick sector stock
Every market and every sector has different things that make it tick. So when we're looking, for example, at developed markets, we are bottom up stock pickers. We'll pick the best companies and see what kind of allocation that ends up giving us.
companies currency factor policy
Some companies have a policy of currency hedging, and you have to factor that into the picture.
appearance companies earnings easier far less looked positive profit
One positive is that S&P earnings so far have looked better than the year-earlier period. Granted, comparisons are a lot easier as companies take less write-offs, but it's still something that's encouraging. I don't think we're going to have a big profit recovery, but we'll have the appearance of improvement.
analysis catching companies fallen higher looking market quality seems whose
It seems to me that this is a market where fundamental analysis has fallen flat. If you're looking for higher quality companies whose fundamentals are on the mend, you're not catching this market.
companies decade demand headed investment might otherwise past picking pulling sucking supply tech united united-states
There's been very little investment in infrastructure at these companies over the past decade -- tech was sucking up all the capital, ... Demand is picking up and you have this big, new demand from China, which is pulling away supply that might otherwise have headed to the United States.
companies earnings estimates gonna hurdle kick markets
As we kick off earnings season, it's going to be important what these companies are saying. Estimates are down so low, that if companies keep disappointing, markets are gonna have a big hurdle to overcome.
becoming companies compare extremely investors slowly
I think it's extremely important for U.S. investors to get this idea. It's slowly becoming more mainstream. As the world has become more global, it's more important to get best-in-class, and the only way you'll do that is to compare companies globally.
aggressive beat companies easy fairly general low mean quarter quarters
However, expectations for this quarter in general are so low that it will be fairly easy for companies to beat and that can give us a short-term boost. But will it mean anything? Expectations for the subsequent quarters are still too aggressive and unrealistic.
backup guys lost
We lost all of our power. We're on backup power. Our guys aren't trading.
giving names negative quality shaking
These are all quality names in their sectors, all giving negative guidance, and I think that's shaking investors.
positive tax
Eliminating the dividend tax is a psychological positive for the market, ... but at the end of the day, it's no big deal.
ability concern corporate costs create deals driven economy general greater help meet next reduce seem
There's a general concern about the economy and corporate profits. The deals seem to be driven by the ability to reduce costs or create greater synergies of scale, so it's not something that's going to help them meet next quarter's earnings.
ability concern corporate costs create deals driven economy general greater help meet next reduce seem
There's a general concern about the economy and corporate profits, ... The deals seem to be driven by the ability to reduce costs or create greater synergies of scale, so it's not something that's going to help them meet next quarter's earnings.
both conviction investors keeps pushed recovery tested view
There's nothing for investors to latch on to with conviction. We're being tested on both sides. With no clear-cut view that things are getting better, the (economic) recovery keeps getting pushed out.