Looking beyond the U.S. correction

Stock market is "fighting its way back," says Epoch's David Pearl.

Sonita Horvitch 28 October, 2015 | 5:00PM

David Pearl, executive vice-president, co-chief investment officer and head of U.S. equities at New York-based Epoch Investment Partners, Inc., says that the correction in the U.S. equity market in the third quarter was in response to a range of concerns, most of which are transitory.

"Most importantly the U.S. economy continues to grow, albeit at a modest pace, and the correction in the U.S. equity market has left a number of key sectors and stocks offering good value."

An ongoing investor concern, says Pearl, is the strength of China's economy. The latest numbers point to an annualized GDP growth rate of 6.9% for the third quarter, the weakest rate since the 2008-2009 global financial crisis.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alphabet Inc A1,539.01 USD1.34
Alphabet Inc Class C1,541.74 USD2.04
American Express Co93.23 USD2.94
Apple Inc383.68 USD0.25
BlackRock Inc554.08 USD0.84
Boeing Co178.44 USD2.98
Citigroup Inc52.65 USD6.47
Costco Wholesale Corp326.23 USD0.21
General Electric Co6.69 USD1.67
Microsoft Corp213.67 USD-0.30

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Sonita Horvitch

Sonita Horvitch  

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