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Loomis, Sayles & Co. Equity Portfolio Manager David Sowerby on Pandora’s first-quarter earnings report and whether it is a good investment.
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-- some technology stocks pandora of course is social media stock but it could bridge that gap there.
Is to endorse something you would ever look at our do you stick to the Qualcomm -- the world.
I rather stick to -- -- the companies with more believable cash loan earnings so I think that indoor model.
Is is his interest and I think -- endorse a microcosm of what we've seen for first quarter earnings 66 to 70% of companies beat their estimates from what -- -- It was very positive guidance the -- management's was quite consistent which is north America's doing very well.
Europe remains a big question mark in Asia will be okay.
And if -- take that across the board it tells you that from a micro aspect.
That companies are still reporting good cash flow great capital discipline.
And and I think is what will ultimately prove beneficial to the market.
Whether it's what's happening with indoor in the after market hours or a name like Qualcomm which is down.
More than 10% from its 52 week high and trading at a valuation it's quite similar to what it was last fall -- data -- you're you're the guy.
