Steven DeSanctis

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Last quote by Steven DeSanctis

The large cap multinationals are getting a tailwind from currency and they're getting better growth outside the U.S., and small caps are more domestically focused.feedback
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Aug 07 2017
Steven DeSanctis has been quoted 30 times. The one recent article where Steven DeSanctis has been quoted is Small caps could be sending a warning for the whole stock market. Most recently, Steven DeSanctis was quoted as having said, “They're hovering very close to our overall target. We got to 1,430 and then they pulled back. I just don't see the upside in small, given the earnings numbers. You're going to need sustained earnings growth because we have a multiple of 20 times. You can see performance tracing earnings growth, but there is no earnings growth.”.
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Steven DeSanctis quotes

Apr 26 2017

There's a lot of euphoria going around. I hate to be the skunk at the garden party, but I'm just a bit more skeptical here. We've had a pretty big move in three days.feedback

Apr 26 2017

Obviously, it's all been about earnings, and obviously large-cap earnings have been coming in quite strong, and that's giving people a lot of optimism. You have the VIX back under 11 so it's risk-on.feedback

Apr 26 2017

Who is going to be right? The bond market is telling you there's sluggish growth ahead, and the stock market is not telling you that.feedback

Mar 30 2017 - OPEC

We think the pullback in crude oil and even natural gas has created an opportunity for energy to outperform going forward. OPEC continues to indicate that they are going to hold to production cuts and with demand and supply coming into balance in the back half of the year, oil prices should head higher. We think the infrastructure spending that the market was very excited about last year may take much longer to deliver, and thus these stocks have gotten ahead of themselves.feedback

Mar 20 2017

Market valuations are still too expensive. When the Fed hikes a third, fourth and even fifth time, performance starts to slip for the overall market.feedback

Mar 19 2017

We're in a show-me state for small caps. We've gotten (price-to-earnings) multiple expansion, so you need earnings growth.feedback

Mar 17 2017

We think that the growthier growth stocks will outperform the weaker value names.feedback

Feb 17 2017 - Walmart

Though retail sales numbers have been good, profitability for a lot of the retailers has not been good. That's going to be a big telltale sign for us. We're overweight discretionary, thinking that was the cheapest group out there, and it still is the cheapest but... if the E drops out the PE, you run into a problem there.feedback

Feb 13 2017

We think that the Trump bump has run its course and now investors should tack back to 'growthier' growth companies that may not need a better economy to post strong earnings growth.feedback

Feb 08 2017 - Facebook

Tech is quickly becoming our favorite group as it has been left behind in the Trump bump. The sector is cyclical and so a faster economy in which rates rise helps this sector.feedback

Jan 31 2017

We are moving to an overweight from a market weight on financials and realize that we are certainly not early to the party. However, the sector has cooled a bit year to date from its tremendous run after the election, and the reporting season has gone really well. We have liked the banks for some time, but we think there are other groups such as capital markets, consumer finance, and insurance industries that look positive.feedback

Jan 11 2017

We contend that investors were in the midst of a selling strike late in 2016, as capital gains tax is thought to be lower in '17 than in '16. The winners from last year could be under pressure, and although five days does not make a trend, the gainers in 2016 are lagging YTD.feedback

Jan 11 2017

Now that the calendar has turned to 2017, investors could unwind their big winners, as they are not comfortable with their valuations and want to take profits in these stocks.feedback

Dec 29 2016

Since election, it has been risk on with cyclical sectors leading the way and defensive areas lagging. Our sector allocation is more domestically focused, and given the dollar's strength, we think it makes sense. We are overweight discretionary and industrials. We are overweight tech, which has been a source of funds and lagging behind since the election.feedback

Dec 01 2016

If tax rates are reduced to 22 percent, we see a significant boost to earnings (that lowers) the P/E to 16.2X, which is still above the average. However, using a 15 percent tax rate, we see that earnings jump to $88.71 and the P/E falls below 15X.feedback

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