Aberdeen: Financials Look Fine Before Earnings, Especially Wells Fargo

The high momentum, "lower quality" companies that led the rally over the past year are starting to pull back, and that's a good long term sign for the market, says Paul Atkinson, Head of North American Equities for Aberdeen. Atkinson says first quarter earnings forecasts have come down due to the weather, but he still expects to a high level of profitability. He is bullish on financials, especially Wells Fargo, which he says has a strong management team and leverage to growing small businesses.

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