GO
Loading...

Birinyi: Earnings Outdo Inflation, Energy Prices When Sizing Up Stocks

Laszlo Birinyi Jr., president, Birinyi Associates, told CNBC’s “Closing Bell” that earnings are more important than inflation or energy prices when sizing up stocks.

“We’ve done a lot of studies on market cycles and were surprised how much more important earnings are than, say, interest rates,” Birinyi said Thursday. “It’s not necessarily the earnings per se, but expected earnings.”

However, he said a downbeat earnings forecast shouldn’t spike interest in equities.

“I’m not terribly disappointed by the fact that most people are looking for a slowdown in earnings because that should be factored into the market,” he said.

Contact Closing Bell

  • Showtimes

    United States
    Monday - Friday 3:00P ET
    Europe
    Monday - Saturday 21:00 CET
    Asia
    Tuesday - Saturday 03:00 SIN/HK
    Australia
    Tuesday - Saturday 05:00 SYD
    New Zealand
    Tuesday - Saturday 07:00 NZ
  • With almost 30 years experience in business television, Bill Griffeth is co-anchor of the 3 p.m. ET hour of CNBC's "Closing Bell."

  • Kelly Evans

    Kelly Evans is co-anchor of CNBC's "Closing Bell."

Subscribe