Frederick Dickson, chief market strategist for D.A. Davidson & Co., told CNBC’s “Closing Bell” that the market’s performance in 2007 is beating expectations -- and it's because of liquidity and upside earnings.
“Earnings were a little stronger in the first quarter than most people thought,” Dickson said Friday. “The second quarter sets up to have some positive surprises. I think we’ll end up with earnings for S&P companies up 8% to 10% -- a better year than we expected coming into 2007.”
He likes international ETFs, healthcare, technology, financials and large-cap growth stocks.