Cliff in the News: Cliff on MarketWatch Radio Morning Stock Talk
Stocks stumbled in the first week of earnings season. Cliff Draughn, chief investment officer at Excelsia Investment Advisors, says that’s not unusual in the early going, as investors look at companies’ top line growth and margins and compare them to the last few years’ results. Draughn tells MarketWatch Radio’s Larry Kofsky that a round of downward revisions of GDP estimates are adding to apprehension toward the markets. As for Google’s earning miss, he says that’s not unexpected for such a growth stock. Says Draughn, “It’s easier to steer a speedboat than it is a tanker.”
