U.S. equities will need strong earnings results to continue their remarkable comeback since hitting their 2016 lows last month, Prudential Financial's Quincy Krosby said Tuesday.
"Whether or not you think Janet Yellen is going to be accommodative, … the fact is we're moving closer to where we need growth. We need fundamentals, we need revenue growth to pick up," the firm's market strategist told CNBC's "Squawk Box."
The Dow Jones industrial average is slightly positive for the quarter, on track for its biggest quarterly comeback since fourth quarter 1933. At its 2016 lows, the blue chips index was down 11.79 percent.
Earnings growth concerns have remained prevalent throughout the first quarter amid a massive drop in oil prices, as well as a steep decline in stock buybacks, one of the main drivers for the seven-year bull market.
In fact, stock repurchases are currently tracking at a 21-month low for March. "Basically, [companies] may be wanting to hold on to just a little bit more cash, watching the market themselves," Krosby said.