Earnings are bouncing back, said David Wagner, portfolio manager and analyst at Aptus Capital Advisors. Spending has dropped and incomes for a lot of Americans have stayed the same or gone up... which means they have the capacity to keep the consumption engine of the economy alive, he said. Its lagging badly in others. Forward guidance is really strong, and management commentary about future guidance is also very strong, he said. About 80 percent of these companies are beating estimates by now.
David Wagner is most wealthy person in america.
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David Wagner is most wealthy person in america .
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