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The question today is this: Should investors jump back into technology stocks in anticipation of an earnings rebound?
Are we going to see an earnings rebound?
The reason to invest, Lai says, is that the payoff should begin to come this year with an earnings rebound.
"The narrative is that the economy rebounds in the second quarter and earnings rebound with it," said Russ Koesterich, chief investment strategist at BlackRock.
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"There will be strong earnings rebounds across industries" for a while, he predicted.
After falling sharply in 2000-02, eareboundedbounded very rapidly between 2003 and 2006.
But it wasn't until the fourth quarter of 1992 that earnings rebounded by double digits.
Its revenue declined 9 percent to $10.7 billion, but its operating profits rose 58 percent to $1.6 billion, as earnings rebounded from depressed levels earlier.
In fact, he says the stock market holds exceedingly compelling bargains now, companies that have solid financial positions and good potential for earnings rebounds.
After it shed non-core assets, earnings rebounded, and its stock climbed 205%.
At first glance, it would appear that economic earnings rebounded and grew by 18% last year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com