Where the Earnings Surprises Will Be: Strategists
CNBC.com Writer
Earnings season is in full swing, and Steve Auth, CIO of Global Equities at Federated Investors, and Art Hogan, managing director of Jefferies, told CNBC which companies should be on investors' radars.
(See below for their earnings-surprise predictions.)
“You’ve got a corporate America that’s poised for growth coming into the second half and the first half of next year,” Hogan told CNBC.
“Inventory levels are down, [companies have] right-sized their levels of employment…You’re going to be in place for an explosive growth in a couple of quarters.”
Hogan said the best upside surprise will be in technology.
“Not only have they right-sized, but we’re going to need more technology in a slow-growth economy in 2010,” he said.
In the meantime, Auth said he expects a “bounce-back from a freeze-over from the fourth and first quarters that will surprise people.”
In addition, he said technology could be the next market leaders.
“Techs have good balance sheets, good products, good positions; they’ve come through this pretty well [and] could be the next leaders,” said Auth.
Hogan’s Q2 Surprises:
Goldman Sachs
Auth’s Q2 Surprises:
JPMorgan Chase
Goldman Sachs
IBM
Alcoa
Intel
Disclosure:
No immediate information was available for Auth or Hogan.
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