That could have a knock-on effect on other industrial companies reporting earnings this week. Boeing is set to release results Wednesday and Caterpillar on Thursday.
Boeing s results could have a positive impact on GE stock, predicts Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors. Boeing has actually been able to deliver planes which is an important component of future expected demand, so you can t have the demand if you don t have the supply and I think that that could be very good for GE. I think that GE could be getting beaten up for an overly pessimistic outlook, Sanchez told CNBC s Trading Nation on Tuesday.
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But investors may have a chance to take advantage of low expectations around Europe s economic recovery and vaccine rollout, Chantico Global founder and CEO Gina Sanchez said Thursday. It is very, very attractively priced, because most investors are imagining that it will be challenging, she told CNBC s Trading Nation. But if you look at the forward expectations, growth estimates coming out of Europe are actually, even for Europe, very strong.
Exports are expected to grow 8% this year and 6% next year, she said, adding that the Stoxx 600 index holds many of the companies driving that portion of Europe s economy. If you look at the pricing for those companies, you re looking at expectations that are significantly higher than the U.S., but you re trading at a discount, said Sanchez, also chief market strategist at Lido Advisors.
European Stocks Are Still Very, Very Attractively Priced at Record Highs, Strategist Says – NBC 6 South Florida
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