Posts Tagged ‘Earnings Growth’

Citigroup : Emerging-Market Stocks to Rally 20%

(Bloomberg) — Emerging-market stocks will rally 20 percent to 25 percent by the end of this year as the world economy avoids a double-dip recession and attractive valuations lure investors, according to Citigroup Inc.Most of the rally will come in the fourth quarter as shares stay in a “trading range” during the historically weak months of August and September, New York-based strategist Geoffrey Dennis wrote in a report dated yesterday.

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Bull Market Believers

Three money managers who called the turn in March 2009 see huge gains ahead; a fourth dissentsVeteran money manager Laszlo Birinyi will never forget the moment a year ago when the last ounce of confidence disappeared. New York University Professor Nouriel Roubini and many other prominent pundits were convinced the economy was in free fall, and that the consequences for the stock market would be dire.

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