Steven DeSanctis


Last quote by Steven DeSanctis

September has the earmarks of a crazy month thanks to Washington, the ECB, and the fact that company management gets back from vacation and thinks about Q3 and Q4
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Sep 05 2017
Steven DeSanctis has been quoted 34 times. The one recent article where Steven DeSanctis has been quoted is Jefferies bumps materials stocks to overweight, lists top picks. Most recently, Steven DeSanctis was quoted as having said, “We are moving Materials to an Overweight from underweight as commodity prices are poised to continue to move higher, especially copper accord to Chris LaFemina (JEF's Metal & Mining analyst), and a continued weaker dollar boosts the group. With our changes to sector allocation today, upping Materials to Overweight and nudging down Discretionary to Market Weight, we decided to look for Buy rated names from these two groups that fit some of our themes. [These] stocks need to be in a growth index, have higher than 25% foreign sales exposure, and trade more than $5 million per day on average.”.
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Steven DeSanctis quotes

Jun 16 2017

If you think of style, you think of whatever has worked in the year goes back to growth and whatever hasn't worked goes back to value. It's not a fair assessment, but at the margin that is kind of the

Jun 14 2017

Large-cap staples are in sweet spot this year: more foreign exposure, more stocks in fastest growing bucket, better quality, and better forward, trailing earnings and sales growth. Of course, ETFs and passive investing are having a big influence on the performance of sectors. Staples is no exception and these vehicles might have an even bigger impact on these names. Large-cap staples have a big weight in low-volatility ETFs, and with the growth in these strategies, this has boosted large cap names more than small and

May 25 2017 - Trump Presidency

It just shows you that if you could pick sectors, you could do pretty well because the spread is a pretty big gap. Energy has been such a big laggard after such a good fourth quarter in 2016. People were bulled up on energy coming into this year and they really lost faith in the

May 25 2017 - Trump Presidency

Every once in a while, it bounces back, and you see some of the groups perform better. But we've seen outflows from financials…outflows from materials and industrials…That is not

Apr 26 2017

There's a lot of euphoria going around. I hate to be the skunk at the garden party, but I'm just a bit more skeptical here. We've had a pretty big move in three

Apr 26 2017

Obviously, it's all been about earnings, and obviously large-cap earnings have been coming in quite strong, and that's giving people a lot of optimism. You have the VIX back under 11 so it's

Apr 26 2017

Who is going to be right? The bond market is telling you there's sluggish growth ahead, and the stock market is not telling you

Mar 30 2017 - OPEC

We think the pullback in crude oil and even natural gas has created an opportunity for energy to outperform going forward. OPEC continues to indicate that they are going to hold to production cuts and with demand and supply coming into balance in the back half of the year, oil prices should head higher. We think the infrastructure spending that the market was very excited about last year may take much longer to deliver, and thus these stocks have gotten ahead of

Mar 20 2017

Market valuations are still too expensive. When the Fed hikes a third, fourth and even fifth time, performance starts to slip for the overall

Mar 19 2017

We're in a show-me state for small caps. We've gotten (price-to-earnings) multiple expansion, so you need earnings

Mar 17 2017

We think that the growthier growth stocks will outperform the weaker value

Feb 17 2017 - Walmart

Though retail sales numbers have been good, profitability for a lot of the retailers has not been good. That's going to be a big telltale sign for us. We're overweight discretionary, thinking that was the cheapest group out there, and it still is the cheapest but... if the E drops out the PE, you run into a problem

Feb 13 2017

We think that the Trump bump has run its course and now investors should tack back to 'growthier' growth companies that may not need a better economy to post strong earnings

Feb 08 2017 - Facebook

Tech is quickly becoming our favorite group as it has been left behind in the Trump bump. The sector is cyclical and so a faster economy in which rates rise helps this

Jan 31 2017

We are moving to an overweight from a market weight on financials and realize that we are certainly not early to the party. However, the sector has cooled a bit year to date from its tremendous run after the election, and the reporting season has gone really well. We have liked the banks for some time, but we think there are other groups such as capital markets, consumer finance, and insurance industries that look

Jan 11 2017

We contend that investors were in the midst of a selling strike late in 2016, as capital gains tax is thought to be lower in '17 than in '16. The winners from last year could be under pressure, and although five days does not make a trend, the gainers in 2016 are lagging

Jan 11 2017

Now that the calendar has turned to 2017, investors could unwind their big winners, as they are not comfortable with their valuations and want to take profits in these

Dec 29 2016

Since election, it has been risk on with cyclical sectors leading the way and defensive areas lagging. Our sector allocation is more domestically focused, and given the dollar's strength, we think it makes sense. We are overweight discretionary and industrials. We are overweight tech, which has been a source of funds and lagging behind since the

Dec 01 2016

If tax rates are reduced to 22 percent, we see a significant boost to earnings (that lowers) the P/E to 16.2X, which is still above the average. However, using a 15 percent tax rate, we see that earnings jump to $88.71 and the P/E falls below

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