Markets are 'giving companies a mulligan' on earnings until 2022: Seymour

Portfolio managers are looking beyond the immediate impact of COVID-19 to estimate where valuations will be in late 2021 going into 2022, says Tim Seymour of Seymour Asset Management. He says a big unknown is when consumer spending will return, and warns not to chase stocks like Netflix and Walmart, which he says may be near all-time highs as a result of the pandemic, but still face challenges.
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Mon, May 18 20209:58 PM EST