Earnings have done stocks no favors recently, but they may lift a sluggish market later this year, one fund manager said Monday.
A tough first-quarter earnings season is wrapping up. Through Friday, S&P 500 earnings had fallen nearly 6 percent from the prior-year period, according to S&P Global Market Intelligence.
But facing easier comparable numbers later this year, companies may soon boost markets with quarterly results, said Allen Bond, co-portfolio manager of the five-star rated Jensen Quality Growth Fund.
"We think that comps get quite a bit easier as we get through the year and earnings growth could actually be a positive catalyst," he told CNBC's "Power Lunch."