Steven DeSanctis

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Last quote by Steven DeSanctis

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 driver.feedback
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Jun 16 2017
Steven DeSanctis has been quoted 22 times. The one recent article where Steven DeSanctis has been quoted is Here are 4 ‘sweet spot’ consumer staples stock picks from Jefferies. Most recently, Steven DeSanctis was quoted as having said, “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 mid.”.
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Steven DeSanctis quotes

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 there.feedback

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 growth.feedback

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 sector.feedback

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 positive.feedback

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 YTD.feedback

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 stocks.feedback

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 election.feedback

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 15X.feedback

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