INSUBCONTINENT EXCLUSIVE:
per cent earnings surprise with 1Q18 EPS of ~$37.50 (implying ~21 per cent growth y/y vs
investors that have been slammed with tradewar headlines and a slump in big tech stocks
Lakos-Bujas sees the SP 500 ending the year at 3,000, and the median forecast of major strategists tracked by Bloomberg.
The recent sell-off
of the SP 500 has made stocks even more attractive, judging by their prices relative to the expected earnings per share
The price-to-earnings multiple based on estimates for the next 12 months is at 15x, below its historical median, Lakos-Bujas said.
Also,
companies are holding a record amount of cash on hand even with interest rates near all-time lows, and that makes their valuations more
compelling, he said.
Lakos-Bujas forecasts that companies are set to spend a record $800 billion on share buybacks this year, which would
