Matrix’s Katz Says Q2 Earnings Will Help Boost Market (Audio)
David Katz, the president and portfolio manager at Matrix Asset Advisors Inc., says the three to five percent gain in second quarter earnings expected by investors reflects the progress corporate America has made over the past five years and will provide fuel for further gains in the stock market this year. He is not concerned about the Federal Reserve moving to raise interest rates because history shows the first few moves in a rate hiking cycle are generally well received by equity investors as the result of a strengthening economy. Among the companies he sees posting gains in the second half of the year are financials like JPMorgan and State Street Bank and “old” technology companies like Microsoft and Cisco. Katz speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage”.
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