What earnings growth really means for international stocks
While US growth may be higher, international stocks may have a value advantage, explains Harris Associates’ David Herro.
- Why, despite greater earnings growth in the US, the pricing disparities compared to international stocks is still too high today.
- The misnomer of what stronger growth in the US means for quality European companies that earn significant money in the US and emerging markets.
- Tips from recent trips to Europe and Japan: value in Germany, improving profitability in Japan.
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