Let's get to it.
S&P 500's U.S. Strength
If economic trends haven't made it crystal clear that the U.S. may be the place to invest, this number just did:
The expected earnings growth rate for S&P 500 companies that derive the majority of their revenue from outside the U.S. is -11% for the first quarter. That's an earnings contraction, according to new data released by FactSet. S&P 500 companies that see the majority of revenues from within the U.S. are expected to see earnings growth of 1%.
"Growth in Europe has been particularly disappointing, as trade growth both within the EU and with external partners has stalled," said OECD chief economist Laurence Boone. "Business and consumer confidence has plummeted in advanced economies as trade tensions persist, high levels of policy uncertainty in Europe linger, and the pace of China's slowdown continues to raise concerns."
Albert Brenner, Director of Asset Allocation Strategy at People's United Advisors, told TheStreet in February "We are definitely overweight in the U.S." Mike Loewengart, vice president of investment strategy at E*Trade said. Loewengart said, "If it's more short-term, US equities have recently had some pretty solid returns," but added "if you look at the long-term, equities abroad have also performed really well."
Aurora Cannabis (ACB) - Get Aurora Cannabis Inc. Report , Real Money's Stock of the Day, rose 13.87% to $9.07 a share Wednesday, after legendary hedge fund investor Nelson Peltz became an adviser to the company.
So 13% higher because of one guy? Well, he could actually have a huge impact:
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