Video: This One Factor Should Drive Stocks Higher in 2018
Earnings growth should drive stocks higher in 2018, not multiple expansion, according to Oliver Pursche, chief market strategist at Bruderman Brothers.
Earnings growth should drive stocks higher in 2018, not multiple expansion, according to Oliver Pursche, chief market strategist at Bruderman Brothers.
Pursche said analysts are expecting an 18% rise in earnings for 2018, a high hurdle to meet in his view. Though any double-digit growth in earnings is enough to push stocks higher, he noted.
Watch More with TheStreet:
- Jim Cramer: President Trump Has Been Great for the Stock Market
- Panera Bread Founder Ron Shaich: How to Battle Activist Investors
- Ford CFO Says Company Has Reached 'Third Inning' of 'Fitness' Plan
- 4 Signs a Retailer Is Going Under
Watch TheStreet's investing interviews on Youtube
