Next Move for Stocks Is 5% Advance Says Deutsche Bank's BiancoBy
Cuts year-end forecast by 2.2 percent to 2,200, EPS to $120
Correction has ``overly punished other sectors,'' Bianco said
While falling oil may erase earnings in the energy industry this year, the reaction in the stock market has been too severe and the next move in shares will be a 5 percent advance, according to David Bianco, Deutsche Bank AG’s chief U.S. equity strategist.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.