Earnings Weakness Not 'Panic Moment' for Investors, L&G Says
Sonja Laud, chief investment officer at Legal & General Investment Management, says weak earnings for a number of companies in both the US and Europe does not represent a "panic moment." Speaking on Bloomberg Television, Laud says the market reaction is "quite natural to what should have been anticipated," adding that analysts and investors will look at the "repeatable and sustainable earnings profile" of most of these corporations.
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