Economic woes cast cloud on sunny earnings results

Production growth key in evaluating energy stocks, Manulife's Ted Whitehead says

Sonita Horvitch 5 October, 2011 | 6:00PM

 Ted Whitehead, senior portfolio manager at Manulife Asset Management, cautions that uncertainty about the health of the global economy could translate into further weakness in the equity market.

While the macroeconomic picture is clouded, he says, the good news is that growth in North American corporate earnings in the second quarter was strong across the board. Also, company balance sheets are in good shape.

"Still, investor sentiment remains bearish about stocks and the volatility in key commodities, such as gold and oil, is exacerbating this," says Whitehead, who manages a growth portfolio with a Canadian smaller-cap focus.

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Sonita Horvitch

Sonita Horvitch  

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