HISTORY: “We personal some as a result of valuations have been depressed and I believe what we frankly wish to see as traders is extra consolidation. And I believe we are going to see that,” Cipolloni provides.
He additionally factors out that power sector earnings have to date not met expectations. That’s in distinction to the general market the place 83% of firms beat earnings estimates, in response to knowledge compiled Friday by LSEG. There are 114 S&P 500 firms scheduled to report this week.
