News of a debt settlement proposal between Greece and the European Union eased U.S. investor worries on Monday, putting earnings back in focus.
Analysts are particularly interested in consumer firms and small-cap stocks, which are only just beginning to report their fourth-quarter earnings and actually benefit from a stronger U.S. dollar.
“Because of the strong dollar, you’re seeing a rotation out of the larger S&P constituents into smaller caps (that focus on the U.S. consumer),” said Dan Veru, chief investment officer at Palisade Capital Management.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.