Money managers are setting their sights on the 2016 investment picture.
For us,it's the Euro-zone and Japan,which are benefitting from quantitative easing,said Kevin Nicholson,CFA,of Riverfront Investments in Richmond,Virginia.The US is going to have single-digit returns in 2016.When you look at Europe,they out-earned the US for the first time in a long time.We think that's going to continue.*
We like banks.We believe their low loan losses are beneficial and wages are starting to pick up.As consumer confidence builds,banks' confidence builds.*
We're staying away from energy at the moment,Mr.Nicholson noted.*
Philip White,President and CEO of Sotheby's International Realty Affiliates LLC,a Realogy Holdings subsidiary,said it's taken a long time to get to this recovery point.We've had a very good year,where we've outpaced the market-by two to one,actually.We have seen fairly stable pricing.
I think the luxury market is even stronger than before the crash.It's stable,less erratic.We are seeing a little drop-off in international buyers.We don't think this will be a long period of time,but they are a very important factor in the luxury market,and they will continue to be,according to Mr.White.*
Robert Plaza of Key Private Bank likes Walmart.Most of the bad news is already priced in,Mr.Plaza said.We think the risk-reward profile is promising.I see little earnings risk going into 2016.With only five buy recommendations on it,they're speed bump-high expectations at this point.*
Realogy Holdings Corp (RLGY),Walmart Stores Inc (WMT),iShares MSCI Japan ETF (EWJ),iShares Europe ETF (IEV)
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