October 27, 2014 - Headlines Summary: Stocks rebounded last week, bolstered by solid profit reports from large industrial names, continued good U.S. macroeconomic numbers, and better-than-expected – if still unimpressive – euro-zone and Chinese data. While encouraged by recent signs of improving global growth, we see the best opportunity in domestically oriented sectors that can sustain profit margins. Financials are seeing loan-growth accelerate while costs are under control. Health Care margins are depressed while the sector will benefit from accelerating revenue growth. Technology, while globally exposed, will benefit from accelerating capital expenditures. We remain overweight these three sectors. Click here for the full Weekly Bulletin.
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