Stock Manager of $37 Billion Doesn't Believe the Earnings Hype
- Nordea’s Global Stable fund has purchased EBay, Walgreens
- Says investors putting too little weight on risks from Trump
Morgan Stanley Sees Under-Appreciation of Risk
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Global stock investors may have their hopes set too high for 2017.
With rising stock prices, analysts may need to dial back their expectations with companies missing earnings growth estimates posing the biggest risk to equity markets, according to Robert Naess, who manages 35 billion euros ($37 billion) in stocks at Nordea Bank AB, Scandinavia’s largest bank.