Market Overview

Buy Western Union and Dell (WU, DELL)


David Katz, chief investment officer of Matrix Asset Advisors, is of the view that earnings season will maintain its positive tilt.

In an interview with CNBC, he said that about 80 percent of companies that have announced their earnings so far have managed to beat expectations. He said, “We focus on areas that companies have been beating like the industrials and energy stocks. The nice thing about this earnings season is that it allows the markets to go up for the next few months as the negative psychology dies down.”

He recommended Western Union (NYSE: WU) due to expectations of solid quarterly numbers. He said that he expected Dell (NASDAQ: DELL) to gain 40 to 60 percent in next 12 months.

Posted-In: David Katz Matrix Asset AdvisorsAnalyst Color Analyst Ratings


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