Earnings season kicked off with a thud on Monday as Alcoa missed on revenue for the first time since 2007. However, analysts expect earnings to be decent overall. Tom Lydon, editor of ETF Trends and David Dietze, president and chief investment strategist at Point View Financial Services shared their insights.
“Consumers are starting to come back; they’re starting to spend more money,” Lydon told CNBC.
In addition, Lydon said he expects earnings results are going to be positive.
“Consumers are starting to feel more comfortable spending money and that will translate into better earnings,” he said. “From a consumer standpoint, there are many great ETFs out there if you diversify.”
He also said technology is the way to go and investors can still get into emerging markets.
In the meantime, Dietze said he is concerned that the companies have not started hiring.
“When you look at a 9.7 percent unemployment, I like to not only what they’re saying, but also what they’re doing,” he said.
Dietze said he likes telecom and utilities.
“We’re looking for high dividends, great franchises and areas that have lagged this market as a defensive play,” he said.
Dietze Likes:
Exelon
AT&T
Pfizer
Lydon Likes:
Vanguard Emrg Markets
iShares GS Semi
Claymore/Robb Rep
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Disclosures:
No immediate information was available for Dietze or Lydon.
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