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Analysts Predict Bullish March For Stocks As Earnings Season Begin

NairametricsbyNairametrics
9 years ago
in Uncategorized
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According to a Punch Newspaper article, cCpital market analysts have said the country’s equity market might put the turbulence witnessed in the first two months of 2014 behind it this month. According to them, this is likely to happen as a result of the expected impact of the earnings season, which is set to commence fully this month as well as reduced sell-offs in the emerging markets.

Analysts at Vetiva Capital Management Limited said;

“Towards week close, we noted a change in market direction as investor sentiments improved. We expect the market to continue gains in the week ahead, spurred by bargain buying and corporate earnings which are expected to roll in mid-week.

 

The Meristem analysts, though cautious expect investor sentiment to shift as the earning season approached;

“While past events and news flow may still affect the market going forward, we believe attractive 2013 full-year numbers for some sectors remains the major catalyst for positive returns. With the earnings season fast approaching, companies with good dividend payment history will likely enjoy price appreciation as investors’ take position in anticipation. Yields at current levels leave limited room for profit-taking considering the yield on the 90DTM paper at 13.43 per cent compared to 12.49 per cent at the beginning of the month.”

Like I have always stated, it is only a prediction and shouldn’t be taken too seriously. However, since these analyst are a major force in the demand and supply of stocks their views gives an indication of what many fund managers are expecting for market.

Source: Punch

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