3 Stocks for Growth in 2017

In my Tuesday column I talked about the dearth of economic growth and why that is likely to continue into 2017. Therefore, the double-digit earnings growth forecasts for the S&P 500 that exist right now for next year should be taken with a huge grain of salt. In other words, they are probably not going to happen.

As stated in the previous article, the third quarter is likely to be sixth in a row in which profits within the S&P 500 will have fallen on year-over-year basis. The domestic economy remains stuck at the 2% growth level that has existed throughout what is officially a "recovery" but does not feel like one for a good portion of the country. In addition, neither presidential candidate has shown the focus nor will to tackle the regulatory, tax and structural reforms necessary to get growth moving again along the trajectory of previous recoveries. Both are against additional trade agreements that could bolster growth as well. The best-case scenario, therefore, is that we continue to muddle along at a very slow growth rate in the year ahead....442 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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