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Nuveen Asset Management - Equities Grind Higher

Posted by Michael J. O'Connor | CWS®, Vice President Investments
August 8, 2013


Should you overweight or underweight your portfolio to equities? Nuveen's Chief Equity Strategist Bob Doll answers with his thoughts.

"U.S. equities advanced last week, with the S&P 500 increasing 1.10%. For the month of July, the S&P gained 5.09%, and equities have increased 21.33% year to date.1 Second quarter earnings season is nearly complete, and there has not been a material change in estimated earnings for the balance of the year or 2014. Revenues were slightly ahead of expectations, and earnings per share were approximately 3% higher than expected, annualizing at about $110 per S&P 500 share."

 

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