GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

PIMCO's Kashkari: Corporate Profits to Remain Strong

July 07, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Pimco's Neel Kashkari talks about the corporate profits and the economy. He talks about the June U.S. employment report, earnings and the economy. Niel played in key role in putting together the TARP bailout package for banks during the peak of financial crisis and was assistant Secretary of Treasury under Hank Paulson

Here is what he said:

In the near term corporate profits will stay strong but PIMCO is watching the global slowdown very closely because that will determine the future course for corporate profits. He thinks that cost of labor will stay low (bad job market), corporate taxes should stay low and these factors will keep the corproate margins strong in the near term.

He said PIMCO is not forecasting a global recession neither they are forecasting a US recession they are forecasting a slow global muddle through economy

He is investing in companies who are a bit more shielded from this coming global slowdown. Companies which will still do well even when consumer is pinching pennies. Companies like Walmart (WMT), Spirit Airlines (SAVE), Merck (MRK)

Here is the video:

http://bloom.bg/M8YbYu

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.3/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide