Corporate earnings provide reasons for optimism
Throughout the European sovereign debt crisis, little attention has been given to the positive developments that are occurring at the corporate level. Corporate earnings have continued to rise since the market bottomed in early 2009 and most recently the companies listed on the S&P 500 have been delivering record-breaking results. Another positive development relates to the high levels of cash that companies are holding. Once the economic climate begins to clear, it is only a matter of time before corporate spending will again stimulate economic growth. Despite all the negative headlines, U.S. companies are proving their resilience. Similar performance is occurring in Canada, providing the underpinnings for improved equity performance.
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Douglas J. Bodtcher
Investors Group Financial Services Inc.
780-448-1988 ext. 284 Douglas.Bodtcher@investorsgroup.com
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