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Stephanie Link: Market gains driven by strong GDP and corporate earnings growth
Stephanie Link, managing director and portfolio manager at Hightower Advisors, discusses recent stock market performance, pointing out that SPX has risen 17% and QQQ is up 27% since the March 30 lows.
She attributes these gains to robust economic data, with U.S. GDP at 3.7% and corporate EPS up 25%. Additionally, total return increased by 11%, while margins for the equal weight index expanded to 14.3%, approaching prior highs of 14.5%. Productivity continues to show positive growth.
Link has previously highlighted strong performance in individual companies. She reported on ROK exceeding expectations in discrete, hybrid, and process segments, alongside higher operating margins. In a separate note, she cited EL's 40 percent EPS growth and $1 billion in Asia Pacific sales.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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