Earnings clarity now the main focus

Professional Adviser
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By David Stevenson, manager of SVM UK Opportunities Following a steady stream of profit warnings...

By David Stevenson, manager of SVM UK Opportunities Following a steady stream of profit warnings and corporate failures, the stock market has become entirely focused on earnings clarity. Previous attempts to call recovery on the basis of a broad macro view have quickly collapsed in the face of such poor, company-specific, newsflow. More than ever, investment success depends on detailed analysis of individual business models, to pinpoint those that offer the best earnings visibility. Small and medium-sized companies still represent an area of the stock market where such research ca...

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