Calvert’s Streur eyes value, recently exited Twitter

(Reuters) – Value stocks are poised to catch up with better-performing peers if Washington passes new stimulus spending or similar actions to restore economic growth, the chief executive of Calvert Management and Research, John Streur, said.

Financial and industrial stocks, as well as some utility companies, “seem likely to play a bit of catch-up and make up for the ground they lost” compared with growth stocks like technology companies, said Streur, who was interviewed on Monday for the Reuters Global Investment Outlook Summit 2020.

For example, he said, utilities or transportation companies would benefit from extra spending by business customers if they had new money from the government, seen as more likely with the incoming administration of President-Elect Joe Biden. Reuters News.

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